
Hertz reported record fourth quarter 2013 worldwide revenues while net income shrunk on lower pricing and higher fleet expense.
Hertz reported record fourth quarter 2013 worldwide revenues while net income shrunk on lower pricing and higher fleet expense.
Due to an increase in rental days and the addition of Zipcar and Payless, Avis Budget Group Inc. has reported its fourth quarter 2013 revenue of $1.8 billion, a 9% increase compared to the fourth quarter in 2012. For the year, Avis reported revenue of $7.9 billion, an increase of 8% compared with 2012.
Avis Budget Group will report its fourth quarter and full-year 2013 results on Wednesday Feb. 19 and will hold a follow-up conference call on Thursday Feb. 20.
According to Sojern's latest travel trends report from fourth quarter of 2013, leisure travel (74%) outperformed business travel at 26%.
Despite a slight decline in wholesale used vehicle prices in the last quarter of 2013, prices remained at historically high levels as consumer demand for used vehicles remained strong.
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