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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. In the second quarter, Avis Budget reported adjusted earnings of $140 million — compared to $204 million in..
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The streak continued in July, with the Manheim Used Vehicle Value Index recording its third consecutive record in July. Driven by the 0.75% month-over-month increase in wholesale used-vehicle prices, the index rose 2.6% from a year ago to 130.1, according to the firm. Registering the largest decline (down 0.9%) in July was the mid-size car..
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Bobit Business Media announces the agenda for Fleet Forward Conference, a new event dedicated to providing fleets with smart mobility solutions through curated networking and high-level education. Co-located with Auto Rental Summit (Nov. 6-7) at Miami Hilton Downtown, Fleet Forward Conference convenes with a cocktail reception on the evening of Nov. 7 followed by a..
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Disruption. It used to be a bad thing, like “Who disrupted my nap?” Today, being a disruptor is a badge of pride — you’re a market shaker, a shepherd of change bringing new ideas to a stale industry. These days, you can’t open up a newspaper (I actually mean “content aggregator” in your browser) without..
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July 2017 continued the strong turnaround in rates like in June, up $6.48 from a year ago. The deseasonalized monthly average is up for the sixth month in a row from a low of $40.77 in January to $53.57 in July. Even after adjusting for normal seasonal variations, there is still quite a bit of..
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In the second quarter 2017, ride-hailing service Uber gained 2% to claim 55% of ground transportation overall, according to the Certify SpendSmart Report for Q2 2017. Lyft added 2% to end the quarter with 8% of category receipts and expenses. Taxi dropped to 8% of ground transportation overall. This is the first time that SpendSmart..
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Avis Car Rental has announced that it’s launching a Google Assistant action for Google Home, available next month. Avis is the first car rental company to leverage artificial intelligence (AI) to help enhance a customer’s journey, according to the company. “At Avis, our goal is to use AI technology to create a more intuitive and..
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Eastern Fleet Services, a designer of fuel reclamation systems, is offering an all-in-one solution for the auto rental, leasing, and fleet industries. The company has put together a package that can store, dispense, and reclaim fuel. “If you ever need to move your location, you can take the fuel with you,” says Mark MacArthur, president..
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Guests at select Walt Disney World Resorts can now use Lyft’s new Minnie Van service, according to a blog by Lyft. The service accommodates up to six riders and provides two car seats in a van decorated like Minnie Mouse. “Playing a part in a family’s experience at the most magical place on earth is..
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Enterprise Truck Rental is expanding in Maryland with new locations in Frederick and Salisbury. The openings represent the latest phase of Enterprise Truck Rental’s expansion strategy. With nearly 300 locations throughout the U.S., Canada, and Puerto Rico, Enterprise Truck Rental, a service of Enterprise Rent-A-Car, plans to open a total of 40 new facilities in 2017. Other..
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