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Trey Breckenridge of U-Save Car & Truck Rental, and Jennifer Gelder of A Betterway Rent-A-Car Group, an Avis and Budget licensee, have joined the board of directors of the American Car Rental Association.
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While ACRA’s federal policy priorities for a CARES 2.0 include rent and minimum guarantees relief at airports and liability protection, members are encouraged to sign a letter to jumpstart the Main Street Program.
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The American Car Rental Association is working on a program to reduce debt or fleet sizes, encourage MAG relief at airports, liability protection, and a tax credit for travel purchases.
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In a letter to Congress, the American Car Rental Association asks for increased funding and loan extensions for the Paycheck Protection Program, as well as a vehicle buyback program to stimulate new vehicle sales.
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Small businesses of 500 or fewer employees will have access to $350 billion in loans under the Paycheck Protection Program within the CARES Act. This loan money could turn into a grant under certain circumstances.
Read More →While this DHS document is not binding on other federal agencies or on state or local governments, it is an important tool to reference if government officials question your company’s continued operation during the pandemic.
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As state and local governments look to slow the spread of the coronavirus by mandating business closures, the American Car Rental Association maintains that car rental should be able to remain open to meet local and urgent transportation needs.
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The letter from the American Car Rental Association to Treasury Secretary Mnuchin asks for grants or loans to purchase car rental industry assets, federal funds to help pay airport guarantees and concessions, and deferrals on taxes.
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Proposed bipartisan legislation will clarify that, under existing Virginia law, the platform — not vehicle owners or “hosts” — is responsible for collecting and remitting all appropriate rental taxes.
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Bill Wallschlaeger, a Wisconsin-based Avis and Budget licensee, and William Harris, co-owner of Edge Auto Rental in New York City, are the two newest board members of the American Car Rental Association.
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