Commercial fleet sales from nine manufacturers totaled 56,441 in January 2020, which represented a 3.7% year-over-year increase.
The forecast is the most in nearly 20 years, and represents an increase of 3.9% over last year, or 4.3 million more people packing up their sleighs for a holiday getaway.
The estimated $31.87 billion in total revenues continues a string of 11 years of uninterrupted growth.
Exiting a year of record revenues, the new year brings challenges from market disruptors, incumbent players new to the U.S. market, and new mobility models.
The service, available in San Francisco, Oakland, and Los Angeles, was soft launched earlier in the year.
Kayak has joined forces with online travel agency Trip.com Group to offer car rentals in Asia Pacific.
Sales of vehicles from nine manufacturers to commercial fleets fell 9.9% to 54,384 in November after enjoying several robust months of sales but remain the strongest fleet segment with an 8.7% increase year to date. Sales to rental and government fleets fell in November as well.
Customers can earn free rental day rewards after renting with Avis twice.
Lyft Rentals started in two locations in the San Francisco Bay Area. The service, which consists of an owned fleet, is now available in one location near LAX.
Barton, former ACRA president and senior vice president of global franchise operations for Hertz, will serve as president of global mobility for Dublin, Ireland-based software firm.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In