Procurement
Avis Budget Group reported second-quarter net income of $52 million,
doubling last year's second-quarter profit, the company reported
Wednesday. Daily domestic rental volumes grew 8 percent year over year,
offsetting domestic pricing that fell 2 percent. Though Avis Budget reported a
13 percent increase in international pricing, it was "essentially
unchanged" when excluding the impact of foreign currency exchange.
International rental volumes grew 6 percent year over year.