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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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For the third quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.6 billion, a 1% increase year-over-year. CEO Kathryn Marinello is encouraged by Hertz’s process but admits the company still has a lot of work ahead.
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Avis Budget Group has reported revenue of $2.8 billion for its third quarter 2017, a company record. Due to the impact of the hurricanes, the company lowered its full-year earnings forecast.
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Enterprise Holdings achieved annual revenues of $22.3 billion in fiscal year 2017, while fleet size remained equal to 2016 at 1.9 million vehicles. Share of airport business is now 38%.
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Hertz Global Holdings Inc. plans to report its third quarter 2017 financial results on Thursday Nov. 9.
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Avis Budget Group Inc. plans to report its third quarter 2017 results after the market close on Monday Nov. 6.
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During the first half of 2017, the Sixt Group’s total revenue increased 5.7% to $1.33 billion compared to $1.26 billion during the same time in 2016. Sixt’s revenue for the vehicle rental business unit was $927.4 million, an increase of 6.4%.
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For the second quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.2 billion, a 2% decline versus second quarter 2016. Hertz reported a net loss of $158 million, including $54 million of impairment charges.
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In the first half of 2017, Europcar reported revenue of 1.028 billion euros — up 10.1% at constant exchange rates compared with the first half of 2016. Europcar's number of rental days increased to 30 million.
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