Germany-based car rental company Sixt reported record second-quarter revenue of nearly €1.1 billion, up 7.4 percent year over year, and credited “significant growth in the core business of…
Read more Sixt: Q2 Revenue Up Despite ‘Highly Volatile’ MarketFleet Perfection enhances its platform with the launch of a powerful Analytics Dashboard and a seamless Blackbook Pricing integration. These advancements equip fleet operators in vehicle rental, and…
Read more Fleet Perfection Expands Fleet Intelligence With Powerful Analytics Dashboard & Blackbook IntegrationAvis Budget Group executives during a Friday earnings call focused on lowering its fleet size, increasing utilization and prioritizing “higher-margin business.” “Our primary goal has always been to…
Read more Avis Budget Q3: Limiting Fleet, Seeking ‘Higher-Margin Business’Privately owned company Enterprise Mobility—which owns the Enterprise, National and Alamo car rental brands—reported record annual revenue of more than $38 billion for its 2024 fiscal year, the…
Read more Enterprise Mobility Reports Record FY24 RevenueTravel prices are moderating in most markets around the globe, according to a new forecast and report from CWT and the Global Business Travel Association. But business travel…
Read more CWT: Don’t Count on Travel Savings in 2025In what has become somewhat of a trend this earnings season, Hertz is in the “midst of a critical transformation for our company,” and its priority is “getting…
Read more Hertz in Midst of ‘Critical Transformation’Business travel demand has had “gradual, consistent growth” in the first quarter as pricing remains elevated across several categories, according to FCM Consulting’s Global Quarterly Trend Report, released…
Read more FCM: ‘Steady’ Q1 Booking Volume Amid Strong PricingLyft executed about 187.7 million rides in the first quarter, an increase of 23 percent year over year, with gross bookings of nearly $3.7 billion, up 21.1 percent…
Read more Lyft: Q1 Loss Narrows as Bookings ClimbHertz’s Stephen Scherr will step down from his CEO role and member of the company’s board of directors on March 31, the company announced Friday. Hertz also named…
Read more Hertz CEO Scherr to Step Down, West to Assume RoleGermany-based car rental company Sixt reported 2023 revenue of more than €3.6 billion (nearly US$4 billion), an increase of 18 percent year over year and making it the…
Read more Sixt: EV ‘Momentum’ Lacking Amid Record 2023 RevenueWhen thinking about leasing a car, you are agreeing to rent a vehicle for a set length, frequently 2-4 years. It’s pivotal to enter the leasing method with…
Read more Questions to Ask When Leasing a Car: 3 Tips for Securing the Best Deal – Southwest JournalNearly a month after announcing the sale of one-third of its electric vehicle fleet and one day after reports of“paused” purchases of Polestar EVs, Hertz on Tuesday announced a fourth-quarter…
Read more Citing Cost Challenges, Hertz Reports Q4 LossChoice Hotels International has partnered to offer electric vehicle manufacturer Tesla’s universal electronic vehicle chargers at the company’s properties in the United States, Choice announced Tuesday. It wasn’t…
Read more Choice Hotels to Add Tesla EV ChargersPolestar has agreed to let Hertz “pause” its purchase of electric vehicles this year from the manufacturer, provided the rental company not sell its current Polestar vehicles “early…
Read more Report: Hertz to ‘Pause’ EV Purchases from PolestarMany corporations have announced sustainability goals, but ensuring their business travelers rent electric vehicles is part of few companies’ strategies, according to a new BCD Travel survey. About…
Read more BCD: Less Than 20 Percent of Business Travelers Rent EVsCar rental company Sixt recently opened six new U.S. off-airport locations, the Germany-based company announced Thursday. The locations are at the InterContinental Hotel Doral in Doral, Fla.; the…
Read more Sixt Opens Six New U.S. LocationsGermany-based car rental company Sixt has agreed to purchase up to 250,000 vehicles by 2026 from manufacturer Stellantis, with the first deliveries to take place “as early as…
Read more Sixt to Purchase up to 250K Stellantis VehiclesAfter leading the car rental industry with purchases of electric vehicles, and partnerships to develop charging stations, Hertz has decided to sell about 20,000 EVs from its U.S.…
Read more Hertz to Sell 20K EVs from U.S. Fleet, Replace with Gas-Powered CarsPresident Joe Biden on Thursday issued new guidelines for U.S. federal employee travel aimed at increasing use of sustainable travel options. The guidelines include directing federal employees to…
Read more Biden Administration Issues Guidelines for Sustainable Federal TravelAvis Budget Group reported record rental days, transactions and revenue for its Americas division during the third quarter, “highlighting robust travel demand,” ABG CEO Joe Ferraro said on…
Read more Avis Budget: Q3 Revenue Flat Despite Record Americas Volume
