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Categories: Auctions, Electric Vehicles, Operations, Remarketing, Used Vehicle Values
Cox Automotive Adds Vehicle Options Adjustments to MMR

Clients who rely on MMR can now benefit from even more precise vehicle values that account for high-value options like heated seats, adaptive cruise...

https://www.autorentalnews.com/10225407/cox-automotive-adds-vehicle-options-adjustments-to-mmr
Categories: Rental Operations
Carwiz Capitalizes on Armenian Visitor Boom

The global car rental company is establishing service in the small scenic nation for a growing number of leisure and business travelers.

https://www.autorentalnews.com/10225395/carwiz-capitalizes-on-armenian-tourist-boom
Categories: Rental Operations
Car Sharing Platforms Grow Across North America

A new white paper presents a thorough overview of how car sharing is diversifying in the U.S., Canadian, and Mexican rental car markets.

https://www.autorentalnews.com/10225284/carsharing-platforms-grow-across-north-america
Categories: Rental Operations
Global Business Travel Industry Spending Ready to Hit Record $1.48 Trillion in 2024

A stable global economy has driven growth which, along with pent-up demand, has reassured company leaders to get their people back on the road for business...

https://www.autorentalnews.com/10225227/global-business-travel-industry-spending-ready-to-hit-record-1-48-trillion-in-20
Categories: Rental Operations
SIXT Opens Branch at Houston's Smaller Airport

The car rental outlet serves the Houston Hobby airport that is focused mostly on domestic flights.

https://www.autorentalnews.com/10224990/sixt-open-branch-at-houstons-smaller-airport
Categories: Legal & Legislative, Rental Operations
The ACRA Approach: Educate, Advocate, Boost Profits

ICRS 2024: The American Car Rental Association focuses on stopping regulations and legislation that can raise costs.

https://www.autorentalnews.com/10224812/the-acra-approach-educate-advocate-make-more-profit
Categories: Charging, Electric Vehicles, Green Fleet, Operations, Remarketing, Rental Operations
Taking a Practical Line on EV Potential

ICRS 2024: Challenges for fleet electrification remain but technology will ease and lower the EV adoption hurdles in coming years.

https://www.autorentalnews.com/10224747/taking-a-practical-line-on-ev-potential
Categories: Rental Operations
York Car Rental Opens New Franchise in Guatemala

The new location is the latest one for the international auto rental company's growing affiliate program.

https://www.autorentalnews.com/10224722/york-car-rental-opens-new-franchise-in-guatemala
Categories: Auctions, Fleet, Remarketing
Overall Wholesale Auction Volumes Rise Through June

Monthly YOY and year-to-date sales point to a commercial fleet sector moving more vehicles into remarketing channels during the last six-plus months.

https://www.autorentalnews.com/10224664/overall-wholesale-auction-volumes-rise-through-june
Categories: Rental Operations
Hertz Names Roster of New Execs

The team of five leaders will be carrying out new strategies and corporate goals as the car rental giant emerges from a period of fleet and financial turmoil.

https://www.autorentalnews.com/10224522/hertz-hires-roster-of-new-execs
Categories: Rental Operations
SIXT Opens New Branch at Milwaukee Airport

The global rental car provider has been focusing on a string of openings at airports across the U.S.

https://www.autorentalnews.com/10224324/sixt-opens-new-branch-at-milwaukee-airport
Categories: Fleet, Fleet Acquisition, Vehicle Research
Fleet Vehicle Sales Barely Keeping Up with Last Year Levels

Commercial, rental, and government fleets saw monthly sales decline again as 2024 totals are hovering close to 2023 levels.

https://www.autorentalnews.com/10224271/fleet-vehicle-sales-barely-keeping-up-with-last-year
Categories: Rental Operations
Cargini Opens Two Rental Car Outlets in Cyprus

The new stations in Larnaca and Paphos provide tourists and local residents with access to a rental fleet of modern and eco-friendly vehicles

https://www.autorentalnews.com/10223754/cargini-opens-to-rental-car-outlets-in-cyprus
Categories: Rental Operations
SIXT Partners with Blacklane for Chauffeured Services

The arrangement adds a luxury layer to the international car rental company's North American mobility menu.

https://www.autorentalnews.com/10223740/sixt-partners-with-blacklane-for-chauffeured-services
Categories: Rental Operations
Green Motion Opens New Franchise in Dominican Republic

This latest expansion reflects the company’s focus on sustainability while widening the availability of green travel to customers worldwide

https://www.autorentalnews.com/10223663/green-motion-opens-new-franchise-in-dominican-republic
Categories: Rental Operations
Finalrentals Enters Rental Car Market in Turkey

Travelers can now rent cars in five key domestic destinations, which marks one of the company's biggest deals.

https://www.autorentalnews.com/10223644/finalrentals-enters-rental-car-market-in-turkey
Categories: Telematics
Fleet Owners Need Better Vehicle Data Access, ACRA Contends

The American Car Rental Association cites two recent research papers that conclude data from connected vehicles benefits owners while strengthening...

https://www.autorentalnews.com/10223606/fleet-owners-need-better-vehicle-data-access-acra-contends
Categories: Rental Operations
Europcar’s New U.S. Leader Prepares for Growth

Olivier Baldassari is taking a measured approach to further establishing the global brand in the U.S. while ensuring a good operational fit with Fox Rent A...

https://www.autorentalnews.com/10223431/europcars-new-u-s-leader-prepares-for-u-s-growth
Categories: Rental Operations
U-Save Expands European Footprint with New Franchise in Malta

Malta, with its thriving tourism industry and robust economy, presents an ideal market for U-Save’s services.

https://www.autorentalnews.com/10223429/u-save-expands-european-footprint-with-new-franchise-in-malta
Categories: Rental Operations
Tips for Adding Self-Service Rentals

ICRS 2024: Rental companies can learn more about self-service technology and software from system providers and then try out the technology on some rental...

https://www.autorentalnews.com/10223109/tips-for-adding-self-service-rentals
Categories: Rental Operations
How to Decrease High-Risk Rentals

ICRS 2024: To prevent fraudulent car rentals, companies can learn to look out for erratic behaviors during the booking process and at the counter as well as...

https://www.autorentalnews.com/10223106/how-to-decrease-high-risk-rentals
Categories: Rental Operations, Rental Software
Damage iD Marks a Decade in Vehicle Inspection Tech

The roster of clients using its advanced software include big names in the auto rental industry.

https://www.autorentalnews.com/10223087/damage-id-marks-a-decade-in-vehicle-inspection-tech
Categories: Remarketing, Used Vehicle Values
Wholesale Used Vehicle Market Prices Fall Below Benchmark Level

While some weakening in the market over the Memorial Day weekend is seasonally normal, May saw more market softening in the latter half of the month.

https://www.autorentalnews.com/10222999/wholesale-used-vehicle-market-prices-fall-below-benchmark-level
Categories: Auctions, Remarketing
Auction Sales So Far Keep a Steady Pace Over 2023 Levels

More used commercial vehicles are being remarketed this year, especially from rental fleets, as fleets replace old vehicles with new ones.

https://www.autorentalnews.com/10222954/auction-sales-so-far-keep-a-steady-pace-over-2023-levels
Categories: Rental Operations
SIXT USA Adds New Arizona Rental Car Operation

A new branch at the Tucson airport puts the global auto rental company in a city with a strong economy and industries.

https://www.autorentalnews.com/10222925/sixt-usa-adds-new-arizona-rental-car-operation
Categories: Fleet Acquisition
Monthly and Year-to-Date Fleet Sales Rise in May

Rental fleets are propping up the overall upward trend in fleet vehicles sold so far this year.

https://www.autorentalnews.com/10222735/monthly-and-year-to-date-fleet-sales-rise-in-may
Categories: Green Fleet, Rental Operations
Two Hertz Execs Leaving Amid Company Troubles

The auto rental giant is hiring a new CFO and COO who are replacing predecessors who have been in the roles for less than a year.

https://www.autorentalnews.com/10222733/two-hertz-execs-leaving-amid-company-troubles
Categories: Remarketing, Used Vehicle Values
Bob Kelley, Publisher of Kelley Blue Book, Pioneered Used Vehicle Values

The legendary automotive expert helped develop the remarketing industry's leading resource on valuing and pricing used vehicles for the retail market.

https://www.autorentalnews.com/10222700/bob-kelley-publisher-of-kelley-blue-book-1927-2024
Categories: Green Fleet, Rental Operations
Green Motion Adds Franchises in the Netherlands, Ethiopia

The global auto rental company in recent years has expanded its service to several continents.

https://www.autorentalnews.com/10222304/green-motion-adds-franchises-in-the-netherlands-ethiopia
Categories: Rental Operations, Rental Software
RateHighway, Rexalto Partner to Advance Car Rental Pricing

The technology firms connect products to provide advanced pricing engines to increase the competitive tools available to rental car operators.

https://www.autorentalnews.com/10222084/ratehighway-rexalto-partner-to-advance-car-rental-pricing
Categories: Rental Operations
Carwiz Named Franchise of the Year in Croatia

The rental car company scored a total of three awards that recognize its operational excellence, innovation and improvement, and adaptation to market trends.

https://www.autorentalnews.com/10221850/carwiz-named-franchise-of-the-year-in-croatia
Categories: Fleet, Fleet Acquisition, Remarketing
OEMs Seeing More Inventory as Days Supply Rises

The total U.S. supply of available unsold new vehicles opened May at 51% above a year ago, but volume is still down 26% from 2019 levels.

https://www.autorentalnews.com/10221827/oems-seeing-more-inventory-as-days-supply-rises
Categories: Auctions, Fleet, Remarketing, Used Vehicle Values
Wholesale Used-Vehicle Prices Increase in First Half of May

Wholesale flattens mid-month, while used retail vehicle sales rose slightly but are still down compared to last year.

https://www.autorentalnews.com/10221813/wholesale-used-vehicle-prices-increase-in-first-half-of-may
Categories: Rental Operations
Carwiz Contract Spreads Brand to 16 More Countries

The added business locations unlock the Middle East and African rental car markets.

https://www.autorentalnews.com/10221756/carwiz-contract-spreads-brand-to-16-more-countries
Categories: Fleet, Fleet Acquisition, Remarketing
New Vehicle Prices Rise Agan, While Affordability Dips

The share of new-vehicle sales from luxury brands drove up average transaction prices, when combined with fewer discounts and incentives, caused new vehicle...

https://www.autorentalnews.com/10221762/new-vehicle-prices-rise-agan-while-affordability-dips
Categories: Rental Operations
Green Motion, U-Save Expand in Middle Eastern Markets

The car rental brands with a worldwide clientele are now doing business in Oman and the United Arab Emirates.

https://www.autorentalnews.com/10221745/green-motion-u-save-expand-in-middle-eastern-markets
Categories: Auctions, Remarketing, Used Vehicle Values
Supply, Lease-Returns, and Interest Rates Driving Near-Term Vehicle Market

CAR 2024: An all-star panel of economists and data analysts find that used/wholesale vehicle prices and values will remain above the previous “normal”...

https://www.autorentalnews.com/10221039/supply-lease-returns-and-interest-rates-driving-near-term-vehicle-market
Categories: Rental Operations
U-Save Signs On Franchisee at Houston Airport

The independent car rental company finalized the agreement during the International Car Rental Show last month.

https://www.autorentalnews.com/10220920/u-save-signs-on-franchisee-at-houston-airport
Categories: Rental Operations
NextCar, Priceless Add Execs to Leadership Team

Industry veterans Jon Dill and Penny Sottile have moved within the organization to join the operations support team.

https://www.autorentalnews.com/10220633/nextcar-and-priceless-announce-key-additions-to-leadership-team
Categories: Fleet, Fleet Acquisition, Vehicle Research
April 2024 Fleet Sales Lose Q1 Momentum

Commercial fleet sales were down more than 14% last month, tying its January decline and continuing a string of monthly losses.

https://www.autorentalnews.com/10220850/april-2024-fleet-sales-lose-q1-momentum
Categories: Rental Operations
DriveItAway Expands Vehicle Access Through Micro-Lease Program

The platform enables customers rejected for a regular vehicle purchase finance or lease to drive and then buy a quality vehicle.

https://www.autorentalnews.com/10220567/driveitaway-expands-vehicle-access-hrough-micro-lease-program-and-financing
Categories: Rental Operations
Length of Rental Numbers Show Steady Decreases from Post-COVID Highs

Many auto repairers are finding ways to anticipate and operate in the new normal, but challenging market conditions remain.

https://www.autorentalnews.com/10220749/length-of-rental-numbers-show-steady-decreases-from-post-covid-highs
Categories: Rental Operations
York Car Rental Expands Presence in California and Texas

The brand is using technology-driven customer experiences to raise its competitive profile in more diverse locations.

https://www.autorentalnews.com/10220565/york-car-rental-expands-operations-in-california-and-texas
Categories: Rental Operations
More Customers Satisfied with Airline, Auto Rental Travels

A recent travel study shows Alaska Airlines and National Car Rental ranking highest on travel industry index scores.

https://www.autorentalnews.com/10220561/more-customers-satisfied-with-airline-auto-rental-travels
Categories: Rental Operations
U-Save Arranges Nicaragua Rental Car Franchise

The Central American nation now becomes the brand’s 17th country outside the U.S. where it does business.

https://www.autorentalnews.com/10220557/u-save-arranges-nicaragua-rental-car-franchise
Categories: Fleet Acquisition, Green Fleet, Rental Operations
Rental Car Market Outlook Spans Strong Macros and Mixed Micros

ICRS 2024: The annual industry update relayed positive signals for overall industry growth amid some uncertainties and volatility for auto rental fleets.

https://www.autorentalnews.com/10220327/rental-car-market-outlook-spans-strong-macros-and-mixed-micros
Categories: Charging, Electric Vehicles, Green Fleet, Legal & Legislative, Legal/Legislative
ACRA President Gains Federal Advisory Seat on EVs

Sharky Laguana of the American Car Rental Association will help shape EV-related policies with car rental and private ground transportation priorities in mind.

https://www.autorentalnews.com/10220325/acra-president-gains-federal-advisory-seat-on-evs
Categories: Rental Operations
Europcar Mobility Execs Ready to Pursue Strategic Plan

The global company's executive management team is ready to launch a three-pronged approach for developing business and boosting profitable growth.

https://www.autorentalnews.com/10220148/europcar-mobility-execs-ready-to-pursue-strategic-plan
Categories: Green Fleet, Rental Operations
Halo.Car Starts Beta Program for Remote Driven Vehicles

Vehicles equipped with its driving technology can be remotely connected to and driven over LTE and 5G which will help streamline operations and save on costs.

https://www.autorentalnews.com/10220013/halo-car-starts-beta-program-for-remote-driven-vehicles
Categories: Rental Operations
PurInspect Helps Avis, Budget Rent a Car of Wisconsin Inspect Rental Fleets

The vehicle inspection app ensures all types of inspections are consistent across all locations, regardless of who does it.

https://www.autorentalnews.com/10219833/purinspect-helps-avis-budget-rent-a-car-of-wisconsin-inspect-rental-fleets


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