July 26, 1995 |
Hertz Corp. said it will raise car rental rates by $5 a day to counter soaring fleet prices. Avis Rent A Car System and Alamo Rent A Car said they will follow Hertz, the nation's largest car rental agency. Others are expected to do the same. Hertz and some of its competitors raised rates last September by $3 or $4 a day. Price wars have chipped away at the gains. The fiercely competitive industry will again try to pass on higher fleet costs, which have risen by 30% a year since 1992.
June 29, 1995 |
Hertz Corp. said Wednesday that it is removing the mileage limits from all its U.S. rental car rates and car classes, except minivans. "Very simply, we're announcing a return to free, unlimited mileage," said Brian J. Kennedy, executive vice president of marketing and sales for Hertz, a unit of Ford Motor Co. With minivans, the world's largest car rental company said it will maintain its mileage-capped rates, with 100 free miles per day and a 25-cents-per-mile charge after that.
CALIFORNIA | LOCAL
May 8, 1995 |
In the auto racing movie "Days of Thunder," Tom Cruise takes a rental car for a high-speed spin, banging it up along the way and leaving it smashed in a restaurant parking lot. While most car renters treat their vehicles with a little more respect, the generic rental fleets of Chevy Luminas and Ford Tempos are nonetheless often regarded as the automotive equivalent of Rodney Dangerfield. Who among us has not parked a rental in a space where we would never park our own car?
April 21, 1995
Alfred Paul Murrah namesake of Oklahoma City's federal building, was a leading lawyer and judge in Oklahoma from the 1930s through the mid 1970s. He was a judge of the U.S. 10th Circuit Court of Appeals, serving from 1940 to 1970, 11 of those years as chief judge. In 1970, he became director of the Federal Judicial center in Washington, where he served until he retired at age 70 in 1974. He died Oct. 31, 1975, in Oklahoma City.
January 29, 1995 |
Quietly, and almost in spite of itself, Enterprise Rent-A-Car has become the nation's biggest car rental company. Enterprise, which built its business by focusing on local markets, has surpassed Hertz Corp. in terms of the size of its U.S. fleet. And Enterprise is tailgating Hertz in total U.S. revenue. Andy Taylor, Enterprise's low-key president, seems almost embarrassed by the company's rise to the top. "Dad started with 17 cars. Being No.
September 22, 1994 |
Hertz Corp., the nation's largest car rental company, today announced plans to boost car rental rates 8% to 10% to offset rising costs. The rental car industry's trade group said it won't be long before rival companies such as Avis Inc., Budget Rent a Car Corp. and National Car Rental Systems Inc. match Hertz. Hertz's price increases are effective immediately, except in Hawaii, where prices will be increased starting Oct. 1. In most U.S.
September 16, 1994 |
Business travelers who rent cars are about to take another hit in the pocketbook. Rates are likely to go up again, mainly because the prices Detroit charges for new fleet cars have risen again, for the third year in a row, the rental car industry reports.
September 2, 1994 |
In a Justice Department settlement that may set a standard for the car rental industry, Avis Inc. agreed Thursday to provide autos with hand controls for customers with disabilities. Department officials said the voluntary settlement came after complaints were filed against Avis, the nation's second-largest car rental company, and 10 other rental car firms by people who said they were being denied service in violation of the Americans With Disabilities Act. U.S. Atty. Gen.
August 11, 1994 |
A 10% to 15% increase in car rental costs is expected to push 1995 business travel costs up 2%, according to a study by Runzheimer International. The increase would still be below the 2.7% inflation rate that is projected for next year, the study found. The expected jump in car rental costs won't offset inventory costs, which have surged more than 60% over two years, the consulting firm's travel division said.
CALIFORNIA | LOCAL
June 15, 1994
Department of Motor Vehicles investigators arrested a 29-year-old man Tuesday whom they believe secured rental cars in Orange County, sold them as private vehicles using counterfeit papers, and then stole them back to return to the rental companies. Han Wook Kim was arrested at his Los Angeles apartment just after 5 p.m., DMV Investigator Tim A. Landrus said, and was being held at Orange County Jail.