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Budget Car and Van Rental UK has invested in a fleet of 100 fuel-efficient Mercedes-Benz Citans.
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Avis Budget Group goes in-depth on how pricing is driving strong earnings, while this year's record number of recalls is taking a toll.
Read More →In their most recent conference calls, Avis Budget Group and Hertz gave an outlook on pricing, fleet costs, the used car market and fleet optimization strategies.
Read More →It continues to be a good time to be in the rental business. Here are the key trends the investment community will likely be watching in 2014.
Read More →Avis Budget Group has acquired a 50-percent ownership stake in its Brazilian licensee, which the company said involves the investment of $50 million to enable the company to expand the presence of its Avis and Budget brands in the Brazilian car rental market.
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As John F. Kennedy once said, “History is a relentless master. It has no present, only the past rushing into the future. To try to hold fast is to be swept aside.”
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On their fourth quarter and full-year 2010 earnings calls, the three public car rental companies look into the crystal ball on prepaid rentals, franchising, new remarketing channels, potential mergers and growth opportunities.
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Dollar Thrifty again leads profit performance. Commercial business rebounds; leisure lags.
Read More →PARSIPPANY, NJ – Roughly $325 million in operating-lease financing was obtained to add vehicles to Avis' U.S. rental fleet over the next four months, according to the Wall Street Journal.
Read More →TROY, MI – SmartAuction, a wholesale remarketing Web site, reports it has achieved record sales of Avis Budget Group vehicles during the first quarter of 2009.
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