Rental Car Companies Now Forced To Repair Recalls

A law took effect on Wednesday requiring rental car companies to repair recalls before renting out vehicles to customers.

The law is part of the $305 billion Highway and Transportation Funding Act of 2015.

This comes as a big surprise to the average renter, who may just be renting once every few years for a vacation or work trip.

Yet, accidents have racked up through the years, resulting in lobbying efforts from victim’s families to require companies to keep their cars safe and up-to-date.

According to CNN, major rental car companies such as Enterprise, Hertz Global Holding Inc HTZ and Avis Budget Group Inc. CAR have been complying with the law even before it went into effect, said Sharon Faulkner, executive director of American Car Rental Association.

This is good news for travelers who would like to make it home again. Used cars are still being sold without recall requirements (for now).

CAR Logo
CARAvis Budget Group Inc
$119.711.66%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
61.58
Growth
5.89
Quality
Not Available
Value
34.55
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Posted In:
Comments
Loading...