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May 8 2018 Avis Budget Group Reports Strong First Quarter 2018 Results "The first quarter has our year starting on a very positive note with strong demand, higher underlying pricing in the Americas, improved utilization and lower per-unit fleet costs," said Larry De Shon, Avis Budget Group President and Chief Executive Officer. "With both pricing and fleet costs in the Americas having stabilized, the benefits of our strategic initiatives were clearly evident this quarter with year-over-year profitability improving significantly."
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Industry News

  • Aug 8 2018-Avis Budget Group Reports Str... Revenue grew 4% to a record $2.3 billion in the second quarter
    Significant improvements in per-unit fleet costs and utilization
    Net Income improved to $26 million and Adjusted Net Income increased 84% to $46 million, or $0.57 per diluted share
    Adjusted EBITDA increased 15% to $161 million
    Company authorizes additional $250 million of future share repurchases and updates its full-year projected 2018 results
  • Aug 7 2018-Download PDF Hertz Global Hol... Second Quarter 2018 Compared to Second Quarter 2017:

    Total revenue increased 7%
    Net loss improved by 60%
    Adjusted Corporate EBITDA improved by $58 million
    Highest Q2 U.S. RAC segment revenues since 2014
    Improved trend in U.S. RAC per unit fleet costs continue
  • Jun 22 2018-Latest vehicle recalls... Transport Canada has released its latest vehicle recalls which may affect some GM vehicles.
  • Jun 8 2018-Un-authorized use of Associat... Un-authorized use of Associated Canadian Car Rental Operators (ACCRO) name in marketing materials by a company in Toronto
  • Jun 7 2018-Latest vehicle recalls... Transport Canada has released its latest vehicle recalls which may affect some GM vehicles.
  • Jun 7 2018-Latest vehicle recalls... Transport Canada has released its latest vehicle recalls which may affect some GM vehicles.
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