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Hertz Suspends Plan to Issue New Shares

Hertz Suspends Plan to Issue New Shares

Hertz was advised by the SEC’s Division of Corporation Finance that it intended to review the plan, at which point the plan was suspended.

June 17, 2020

Small Car Rental Companies Pivot to New Business

Small Car Rental Companies Pivot to New Business

Independent and franchised car rental companies are adjusting to new realities during the pandemic with makeshift contactless rentals, deliveries, creative car cleaning, and goodwill to competitors. While policies are relaxed, the trick is to avoid getting burned.

June 17, 2020

Enterprise's Taylor Addresses Racial Discrimination, Need to Spur Change
HyreCar: Rental Days Rebound to Pre-COVID-19 Growth
Avis Budget Group Appoints Joe Ferraro CEO

Avis Budget Group Appoints Joe Ferraro CEO

After a stint as interim CEO, Ferraro spent five years as president of the Americas division, responsible for the company’s Avis, Budget, Payless, and Zipcar brands in North and South America, including Latin America and the Caribbean.

June 15, 2020

Hertz Bankruptcy Court Approves $1B Stock Sale

Hertz Bankruptcy Court Approves $1B Stock Sale

Hertz says the recent increases in its stock “present a unique opportunity for its debtors to raise capital on terms that are far superior to any debtor-in-possession financing.”

June 12, 2020

Hertz Launches Double Points Reward, Enhances Sanitation
Rate Analysis: Europe Showing Signs of Recovery
Avon Demonstrates New Disinfectant Process

Avon Demonstrates New Disinfectant Process

Avon Car Truck and Van posted a YouTube video that demonstrates the application of Electro-Biocide, an EPA-registered disinfectant proven effective against SARS-CoV-2.

June 10, 2020

Uber Trials Daily Car Rentals in Australia
Michael Muehlenfeld Named GM at Walser Automotive Group
Fuel Reaches $2 Average

Fuel Reaches $2 Average

The national average price for gasoline finally rose past the $2 average, reaching to $2.03.

June 9, 2020

Flight Capacity Rebounds, but Full Recovery not Expected until 2023
Fleet Sales Still Low in May

Fleet Sales Still Low in May

Commercial fleet sales from nine manufacturers totaled 23,866 in May 2020, representing a 68.9% year-over-year decrease, continuing a streak of significant monthly declines since the COVID-19 pandemic.

June 8, 2020

IBM Survey: Does Altered Consumer Behavior Benefit Car Rental?