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Avis Grows Revenue 4% in Q2

Avis Grows Revenue 4% in Q2

Net income improved to $26 million and adjusted net income increased 84% to $46 million, or $0.57 per diluted share.

August 7, 2018

Hertz Reports $2.4B Q2 Revenue

Hertz Reports $2.4B Q2 Revenue

For the second quarter 2018, total revenues were $2.4 billion, a 7% increase versus the second quarter 2017.

August 6, 2018

Mercedes-Benz, FCA Set Three Tiers for Subscription Services

Mercedes-Benz, FCA Set Three Tiers for Subscription Services

Mercedes-Benz has provided pricing for its three-tier subscription service, while Fiat Chrysler Automobiles will offer Jeep Wave that will also allow drivers to use a vehicle for a monthly fee across three levels similar to a short-term rental.

June 6, 2018

Avis Grows Revenue 7%, Record $2 Billion in Q1

Subaru Offers VIN Lookup Tool

Subaru has begun offering an online tool that allows fleets to search for open recalls using the vehicle identification number through the Carfax used vehicle platform. The service is offered at no cost.

April 23, 2018

Vehicle Dependability Improves 9%: J.D. Power

Vehicle Dependability Improves 9%: J.D. Power

Buick and Lexus ranked highest in overall vehicle dependability, which improved 9% overall in the past year, according to J.D. Power's annual Vehicle Dependability Study. Fleets using a three-year replacement model may benefit from higher resale prices.

February 14, 2018

Enterprise Holdings Honors Auto Auction Partners
Hertz Q3 Revenue Rises Slightly

Hertz Q3 Revenue Rises Slightly

For the third quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.6 billion, a 1% increase year-over-year. CEO Kathryn Marinello is encouraged by Hertz’s process but admits the company still has a lot of work ahead.

November 9, 2017

Hurricane Irma Could Wipe out 400,000 Vehicles

Hurricane Irma Could Wipe out 400,000 Vehicles

As many as 400,000 vehicles in Florida will need to be replaced as a result of Hurricane Irma, including as many as 11,000 fleet vehicles, according to Cox Automotive.

September 13, 2017

Hertz Reports Net Loss of $158M

Hertz Reports Net Loss of $158M

For the second quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.2 billion, a 2% decline versus second quarter 2016. Hertz reported a net loss of $158 million, including $54 million of impairment charges.

August 8, 2017

Manheim's Cadigan Retires After 40-Year Career

Manheim's Cadigan Retires After 40-Year Career

Jay Cadigan will retire from Manheim, capping a 40-year career in the remarketing industry that included stints at auctions, as well as leasing companies and rental car operators.

August 8, 2017

Avis Budget Revenue Flat on Pricing Declines

Avis Budget Revenue Flat on Pricing Declines

Avis Budget Group has reported revenue of $2.2 billion for its second quarter 2017, unchanged compared to Q2 2016. This is primarily due to an increase in overall rental days being offset by a decrease in pricing.

August 7, 2017

Hertz to Announce Second Quarter Financial Results
Avis Budget to Announce Second Quarter Results
FSNA Files for Bankruptcy to Protect U-Save Brand

FSNA Files for Bankruptcy to Protect U-Save Brand

Franchise Services of North America Inc. (FSNA), franchisers of the U-Save brand, has filed for Chapter 11 bankruptcy protection to preserve the value of its assets for the benefit of creditors and shareholders.

June 28, 2017