The three public car rental companies posted healthy third quarter results last week. While the quarter was characterized by price competition, healthy volumes and fleet rightsizing, the key driver was the used-car market. But what does the future look like?
Avis Budget Launches ‘Avis On Location’
In an agreement Aug. 22 between Avis Budget and I.D. Systems, a wireless program will allow the car rental company to offer smartphone technology and hour-to-hour rentals to its corporate clients without lot staff.