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The American Car Rental Association found that rentals at airports decreased between 50% and 80% since March 2020, causing many companies to face financial hardship. (Updated Oct. 7)
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Membership in the American Car Rental Association is more crucial than ever to help car rental companies navigate the Stimulus 4.0 or CARES 2.0 packages, airport concessionaire relief, and liability protection.
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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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