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The annual Fact Book contains data and analysis on the U.S. car rental market as well as directories for car rental companies, auto manufacturers, and suppliers.
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Renteon’s predecessor rent a car application was called CaRs — an abbreviation for the Car Reservation System — and was developed in 2003 to meet the needs of the former owner of the Budget franchise in Croatia.
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While the U.S. car rental market hit a new revenue record of $30 billion in 2018, there are a few items on the industry’s “to-do list” to best position itself for the future of transportation.
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The Port and the airport authority agreed that the $3.50 rental fee per vehicle is a tax and is subject to voter approval.
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For the second quarter 2018, total revenues were $2.4 billion, a 7% increase versus the second quarter 2017.
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County commissioners expect the assessment fee to generate $5,000 per month.
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In the first quarter of 2018, Hertz Global Holdings reported total revenues of $2.1 billion and decreased net loss by 9% based on an increase in transaction days, a decrease in per-unit depreciation expense, and an increase in pricing excluding ride-hailing rentals.
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Revenue growth was driven by a 5% increase in total rental days and strong pricing.
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Certify's annual review of business expense trends shows that car rental represented 25% of overall transaction volume in ground transportation in 2017. National Car Rental was the most expensed and top-rated brand in 2017, according to Certify data.
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This revenue was achieved on a smaller overall U.S. fleet size, which translates into record high revenue per unit, per month.
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