Car Rental Blog

Slim-down increasing Car Rental costs-Big Three

As the nation's Big Three automakers remake themselves into smaller, leaner companies, the rental-car business is suffering collateral damage. All three have cut production this year to bring supply in line with lower demand for their products, and further cuts are inevitable next year. They're also trying to wean themselves off rebates and other incentives to bring sales prices closer to the sticker. That means fewer cars are available for low- profit bulk sales to rental companies, and...

37 million AARP members to receive Budget Car Rental savings

According to Budget news release dated 10/31/06 mentions AARP Services and Budget Rent A Car System, Inc. have teamed up to offer AARP members a money-saving benefit on car rentals. AARP members will receive up to 20 percent off car rental rates as well as bonus offers such as free upgrades, free weekend days and dollars off weekly rentals. Coupons for bonus offers can be found at www.aarp.org/budget. "Budget customers appreciate value, quality and the satisfaction that comes with ...

NASCAR entering car rental business

The National Association for Stock Car Auto Racing (NASCAR) announced earlier in the week that it would enter the car rental business beginning next year. According to a media release by the association, "NASCAR views the extension of our brand into the rental car market as a natural. Market research indicates that customers are willing to pay a significant rental premium for a fully equipped but street-legal NASCAR vehicle." The association has already taken delivery of nearly 500 Chevrol...

Restructuring Budget Truck Rental

Avis Budget Group Inc. is planning on to restructure the operations and management of the Budget Truck Rental that will result in the closing of its headquarters and some contact center facilities. The restructuring plan calls for the closing of Budget Truck Rental's headquarters at 1560 Broadway in Denver in early 2007. Budget leases approximately 43,000 square feet on the 16th and 17th floor of the 580,000-square-foot building. The lease is set to expire next year. Budget Truck Rental's...

Car Rental Winter Deals-Warm up with Avis Ski Deals

$50 Off Rentals, Unlimited Mileage and a Free Ski Rack Calling all skiers and winter recreation buffs -- now's the time to head to Avis for ski deals. Avis Rent a Car System, LLC today announced the launch of the "Avis Ski" promotion. Now through April 30, 2007, customers will receive $50 off the weekly rental of a sport utility vehicle or $25 off weekly rentals on all other car classes, mid- size and above. Customers looking to rent for the weekend can enjoy up to $20 off weekend rates on all...

Hertz Planning IPO

Less than a year after being taken private, Hertz Global Holdings Inc. is making preparations to go public again. Underwriters on Friday set a pricing range for the car-rental company's upcoming initial public offering of 88.2 million shares of $16 to $18 per share. A group of private equity companies bought Hertz, of Park Ridge, N.J., in December from Ford Motor Co. for $5.6 billion in cash and assumption of $10 billion in debt.

SIXT enters Indian car rental market

SIXT one of the leading global player in the car rental industry enters Indian market to attract the corporate clients and boost its brand name in one of the worlds largest democracy.As reported on the ExpressTravelWorld.com it is to be officially announced by the end of october 2006. There is yet another entry in the car rental space. SIXT, one of Europe's largest firms in the space has made its Indian foray and has made Sona Group its master franchisee for India, Nepal, Bhutan and Banglades...