Articles tagged “avis budget group”

U.S. Rental Car Companies Are Taking a Hit on Falling Fleet Values

U.S. Rental Car Companies Are Taking a Hit on Falling Fleet Values

David Welch, Bloomberg

Forecasters say the U.S. car rental industry will find it tough to raise prices on rentals because of ridesharing services like Lyft and Uber. That's bad news for Avis and Hertz, which are not fetching high prices for their vehicles in used-car markets.

10 months ago

Avis Budget Faces Proxy Fight Over Lack of Innovation

Avis Budget Faces Proxy Fight Over Lack of Innovation

David Welch, Bloomberg

Sometimes it takes newcomers with fresh ideas to steer a company in the right direction. Avis has made some progress but it looks like its board is in dire need of new faces to prevent its company from becoming obsolete.

1 year ago

Rental Car Companies Have Inched Their Way Back From the Brink

Rental Car Companies Have Inched Their Way Back From the Brink

Andrew Sheivachman, Skift

Now that the car rental giants have sold off their extra cars, they can focus on continuing to grow revenue. But is there really a long-term future for rental cars in a world that has embraced ridesharing?

1 year ago