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Car Rental in Recovery: Don’t Chase Bad Business
Operators shouldn’t change normal procedures because they’re starting to feel the pressure to make tires roll.
2 days, 4 hrs ago
Private Equity Firm Takes Stake in CarTrawler
As the travel sector faces ongoing acute pressure, the investment of about $111 million will help CarTrawler during the recovery from the coronavirus pandemic.
2 days, 20 hrs ago
RateGain to Host Webinar on Car Rental Recovery
The webinar will convene industry experts to discuss the current recovery of car rental in key global markets.
3 days, 2 hrs ago
Overall Light-Vehicle Sales Down in May but Expected to Rise
The COVID-19 pandemic is still plaguing the light vehicle market, but May’s sales pace is still expected to be a giant step forward on the path to recovery.
3 days, 3 hrs ago
Icahn Sells Entire Stake in Hertz
The loss will cost Icahn an estimated $1.6 billion.
3 days, 4 hrs ago
How Hertz’s Forced Fleet Sale Could Affect the Used Car Market
The outcome may not be as negative as feared, but there’s a greater issue for car rental companies in all this.
4 days ago
Advantage Rent A Car Files for Chapter 11 Bankruptcy
The bankruptcy petition lists liabilities of $500 million to $1 billion with estimated assets of $100 million to $500 million.
4 days, 2 hrs ago
TSD Employs Contact-less Rental Agreements
Contactless agreements are a simple and effective way for businesses to continue to service customers during the coronavirus pandemic.
4 days, 3 hrs ago
Amtrak Asks Government for More Bailout Money
Rail company looking for more help from U.S. government.
5 days, 5 hrs ago
Move Mee: Demand Surges for Contactless Car Rental Solution
The company reports an over 200% rise in enquiries from rental companies in North America and Europe.
6 days, 3 hrs ago
Renting to the Road Trip Customer
With the return of the Great American Road Trip, here are steps car rental operators can take to meet these travelers’ needs and protect their fleet.
1 week ago
Hertz files for bankruptcy protection in the United States
The car rental giant is seeking chapter 11 protection as it seeks to reorganise its business in the wake of the coronavirus pandemic. Hertz said the impact of Covid-19 on travel demand had been sudden and dramatic, causing an abrupt decline in the revenue.
1 week ago
Hertz Files for Chapter 11 Bankruptcy
All of Hertz's businesses globally remain open. International operating regions including Europe, Australia, and New Zealand are not included in the bankruptcy, nor are Hertz's franchised locations.
1 week, 1 day ago
Hertz Files for Bankruptcy Protection
One of the oldest car rental companies in the US is filing for bankruptcy protection due to the COVID 19 pandemic.
1 week, 1 day ago
How Will Waymo Monetize Autonomy?
The largest windfalls from autonomous services won’t come from making driverless cars or advertising in them. Look instead to what Google does best when disrupting and democratizing technology.
1 week, 2 days ago
Memorial Day Traffic Expected to Decline from Previous Years
While AAA will not issue a Memorial Day travel forecast, the association predicts few people will hit the road.
1 week, 2 days ago
Private Transportation: The Safest Choice in Current Times
For those needing to travel, using a car is a safe bet, and renting one is a safer alternative to public transit.
1 week, 2 days ago
Sixt Adds 1K Vehicles to Carsharing Fleet
Sixt reports that business has already returned to pre-pandemic levels in German urban locations. In response the company is expanding carsharing and subscription programs as an alternative to public transport.
1 week, 2 days ago
Stone appointed Hertz chief executive
Hertz has named Paul Stone as chief executive, effective immediately. The decision comes after the company narrowly staved off bankruptcy earlier this month, striking a deal with lenders after missing debt payments.
1 week, 3 days ago
Wholesale Optimism: Used Vehicle Prices Up 5.74% in May
According to Manheim, wholesale used vehicle prices increased 5.74% in the first 15 days of May compared to the month of April. New and used retail vehicle sales show substantial gains from March’s free fall.
1 week, 4 days agoCategories
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