Full year revenues for Avis Budget Group increased 29% compared to 2022 and 31% compared to 2019, beating Wall Street’s expectations.
For 2023, expect higher incentives, volumes, and inventory levels, but by how much?
In third quarter 2022, Sixt’s consolidated revenue increased by 24.8% to €997.1 million compared to the same quarter last year. This is the strongest quarter earnings in Sixt’s history.
The rental company saw revenues of $3.5 billion in Q3 2022 — 18% higher than the same quarter last year.
Hertz's Q3 earnings are up 12% year over year, yet car sales gains came in lower as residual values declined steeper than expected.
Compared to the same period last year, Sixt has increased its consolidated revenue by 59.4% to €1.32 billion, the strongest first half of the year in the company’s history for revenue.
In the Americas segment, Hertz finished with 422,113 average vehicles in its fleet, a 21% gain over the second quarter of 2021, while depreciation per unit fell 36% to only $49 a vehicle.
Both rental car companies plan to report their second quarter 2022 financial results in the next few weeks.
RateGain, a provider of SaaS solutions for the travel industry, experienced strong growth due to a demand for technology-enabled solutions. In the car rental industry, RateGain’s revAI product helps with automation and revenue maximization.
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
