Rental Cars news and trends

Citi Launching New Travel Portal with Booking.com
Travel Payments // August 18, 2022

Citi will be debuting a new portal, Citi Travel, with Booking.com to help customers plan and book their trips, a press release from the bank said. It comes as Americans are eager to travel, but many Americans have been reporting that they wait for a...

How Ridesharing Is Driving Rental Car Industry Innovation
Retail // November 15, 2018

In the 1960s, Avis turned to its marketing agency in hopes of tackling a challenge: the car rental company wanted to keep pace with Hertz, which was the top brand for car rentals. The agency, Doyle Dane Bernbach, came up with the tagline “We Try...

Avis Rewarding Amazon Customers With Gift Cards
Amazon // July 24, 2018

Avis Budget Group, the car rental company, is offering Amazon customers a deal when they rent vehicles through the company. CNBC, citing Avis Budget Group, reported that when Amazon customers book an Avis vehicle via the Avis skill for Amazon Alexa, they will get an...

Auto Leasing Startup, Fair, Raises $50M And Buys LA Leasing Biz
Partnerships / Acquisitions // February 06, 2018

After recently acquiring Uber’s leasing portfolio, Xchange Leasing, Fair raised another round of funding and bought Skurt, a service that allows customers to rent a car and have it delivered to them. According to news from TechCrunch, Fair has now raised over $100 million in equity funding after this...

Quick Reads
Hertz Reducing EV Fleet Due to High Cost, Low Demand

January 11, 2024
Car rental firm Hertz is selling 20,000 electric vehicles (EVs) from its U.S. fleet — amounting to one-third of its global fleet — and replacing them with internal combustion engine (ICE) vehicles. It is doing so because EVs are more expensive than ICE vehicles to operate and repair and because there has been weak demand […]

Citi Launching New Travel Portal with Booking.com

August 18, 2022
Citi will be debuting a new portal, Citi Travel, with Booking.com to help customers plan and book their trips, a press release from the bank said. It comes as Americans...

Avis Rewarding Amazon Customers With Gift Cards

July 24, 2018
Avis Budget Group, the car rental company, is offering Amazon customers a deal when they rent vehicles through the company. CNBC, citing Avis Budget Group, reported that when Amazon customers...

Auto Leasing Startup, Fair, Raises $50M And Buys LA Leasing Biz

February 06, 2018
After recently acquiring Uber’s leasing portfolio, Xchange Leasing, Fair raised another round of funding and bought Skurt, a service that allows customers to rent a car and have it delivered to them. According...