EV Charging Shortage Spurs Start-Up Ready to Serve Fleets

Leading execs (L to R) Co-CEO Allen Rezapour, co-founder and former Co-CEO of Fox Rent-A-Car; Co-CEO Andres Pinter, a former senior member of Ares Management’s investment team; and COO Mark Vogel, an expert in renewable energy and former SVP for ADT’s Solar division, all bring complementary backgrounds to their roles. Photos: Bullet EV / Design:… Continue reading EV Charging Shortage Spurs Start-Up Ready to Serve Fleets

Robust Summer Travel Drives Avis Budget Group Q2 Financial Results

Avis reported that revenues were $3.1 billion with rental days up 4% compared to second-quarter 2022. Photo: Bobit Avis Budget Group, Inc. saw strong demand and seasonal revenue per day increase as 2023 invites a travel resurgence, according to second quarter results the company released July 31. Avis ended the quarter with revenues of $3.1… Continue reading Robust Summer Travel Drives Avis Budget Group Q2 Financial Results

Hertz Reports Strong Q2 Financial Performance

The positive Q2 results will enable Hertz to advance the growth of its rideshare business and revitalize the Dollar brand. File photo: Hertz Hertz reported total revenues of $2.4 billion for the second quarter of 2023, up 12% year over year, while the average fleet was up 9%, according to quarterly financial results released July… Continue reading Hertz Reports Strong Q2 Financial Performance

Length of Rental Results Take First Dip YOY Since Pandemic

Alaska recorded the highest overall LOR in Q2 at 22.7 days, followed by Georgia (20.5), Colorado (20.2) and Louisiana (20.1). Hawaii had the lowest LOR with 13.1 days. North Dakota and Iowa were next-lowest at 13.3 days each, with DC (13.5) and Nebraska (13.9) completing the states under 14 days. Graphic: Enterprise Rent-A-Car The Q2… Continue reading Length of Rental Results Take First Dip YOY Since Pandemic

Finalrentals Continues Global Expansion with Launch in Jordan

Karim Al-Aghbar is the Finalrentals franchise owner in Jordan. Photo: Finalrentals Finalrentals on July 31 announced its launch in Jordan where it aims to provide customers with a seamless and convenient car rental experience across the country. Finalrentals offers a variety of vehicles, from economy to luxury, that can be booked online. Customers can also… Continue reading Finalrentals Continues Global Expansion with Launch in Jordan

More Work Needed on Repair Data Sharing Commitment

AAVOR continues to advocate for Congress to establish a federal framework that secures the right of vehicle owners to access and control the data their vehicles generate. Graphic: Privacy4Cars The American Alliance for Vehicle Owners Rights (AAVOR) on July 21 acknowledged the announcement of the “Automotive Repair Data Sharing Commitment” from the Automotive Service Association… Continue reading More Work Needed on Repair Data Sharing Commitment

Fleet Forward: The Tour Announces NY Metro Agenda

Fleet Forward: The Tour consists of one-day, regional events in which fleet operators can attend informative sessions on adopting and managing electric fleet vehicles. Photos: Bobit / Canva Fleet Forward: The Tour announces the next and fourth stop of the series, coming to the New Jersey / New York region on Sept. 13. The one-day… Continue reading Fleet Forward: The Tour Announces NY Metro Agenda

Ukrainian Rental Car Market Survives to See an Upswing

Ukraine lost the inflow of inbound tourists, and the leasing segment of the business was also in turmoil throughout the last year, said Avis Ukraine CEO Haim Kapelnikov. But rental cars were in demand by humanitarian organizations and foreign media who compensate for the loss of inbound tourists. Photo: Avis Ukraine Last year, the Ukrainian… Continue reading Ukrainian Rental Car Market Survives to See an Upswing

Top Rent A Car Marks 20 Years of Service in Bulgaria’s Car Rental Industry

Top Rent A Car has expanded its network of offices to provide more access for customers. With a total of 17 locations, the company has established a strong presence in all Bulgarian airports, major cities, and popular summer resorts. Photo: Top Rent A Car Top Rent A Car, a company that has provided rental car… Continue reading Top Rent A Car Marks 20 Years of Service in Bulgaria’s Car Rental Industry

Rising Vehicle Volumes Pressure Auto Transport System

The transport industry is still operating with significantly fewer carriers than in pre-COVID times. Photo: F. Muhammad Earlier this month, during the quarterly Manheim Used Vehicle Value Index call, I had the opportunity to provide an update on Cox Automotive’s role in the vehicle logistics industry – as well as the trends we’re seeing. Within… Continue reading Rising Vehicle Volumes Pressure Auto Transport System