Breeze, a startup that leases cars to drivers for Uber, Lyft, and delivery services, has ended its services. It plans to license out its fleet management software to other companies.
CFAO operates the Avis Car Rental brand in Western Africa and will now also offer vehicle leasing to customers under the Avis brand.
Driving Force Vehicle Rentals, Sales, and Leasing has announced that Mark Nolin is the company’s new president. He takes over from Jeff Polovick, who started the company in Spruce Grove, Alberta, in 1978.
This year's event will include seminars covering the recently passed recall legislation, national security, technology implementation and the connected car.
Carsharing, leasing and technology were popular topics among the most read feature stories on AutoRentalNews.com during 2015.
The move to put lease obligations on the balance sheet brings up questions on whether the change would affect a company’s ability to borrow money, its financial statements and the accounting of closed- and open-end leases.
In spite of challenging economic times, Driving Force has grown to 30 locations and a fleet of 12,000 vehicles by fostering strong relationships with customers and employees.
The used car market will face a confluence of factors to make 2016 a challenging year.
Macquarie Group Limited announced it has purchased Advantage Funding Management Co. Inc.
In the right situations and with the right fleet planning, car rental operators can save up to 20% on depreciation costs with used fleet.
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