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Categories: Rental Operations
SIXT USA Extends Off-Airport Presence with Six New Locations

The new rental car branches affirm how over the last decade, the U.S. has become the most important growth market for SIXT with 100 rental branches in 23...

https://www.autorentalnews.com/10214527/sixt-usa-extends-off-airport-presence-with-six-new-locations
Categories: Associations, Operations, Remarketing
Reworking the Remarketing Funnel for Future Growth

CAR 2024: Next generation thinkers will delve into digital strategies that can cut costs, win over customers, and boost profits.

https://www.autorentalnews.com/10214477/reworking-the-remarketing-funnel-for-future-growth
Categories: Charging, Electric, Electric Vehicles, Fleet Forward, Green Fleet
What Are EV Charging Trends For Fleet and Automotive Sectors in 2024?

Electric vehicles may seem buggy and expensive now, but prices will inevitably come down as battery technology evolves and EV infrastructure becomes more...

https://www.autorentalnews.com/10214470/what-are-ev-charging-trends-for-fleet-and-automotive-sectors-in-2024
Categories: Rental Operations
Forecast Predicts U.S. Will Struggle for Global Inbound, Domestic Business Travel

A report found the U.S. ranked 17th out of 18 top markets for travel due to decades of underinvestment and a lack of focus and coordination from federal...

https://www.autorentalnews.com/10214408/forecast-predicts-u-s-will-struggle-for-global-inbound-domestic-business-travel
Categories: Legal & Legislative, Rental Operations
In Memorium: Dick Hemel, Rental Car Operator and Leader

The former manager of Budget and Hertz operations in Chicago and New York strongly supported an industry association.

https://www.autorentalnews.com/10214322/in-memorium-dick-hemel-rental-car-operator-and-leader
Categories: Batteries/Tech, Electric, Electric Vehicles, Fleet, Fleet Forward, Green Fleet, Used Vehicle Values
Black Book, Recurrent Enhance EV Values with Deeper Battery Insights

The industry's first EV-specific valuation algorithm includes proprietary analytics from 100 million real-world EV battery data points.

https://www.autorentalnews.com/10214217/black-book-recurrent-enhance-ev-values-with-deeper-battery-insights
Categories: Rental Operations
ICRS 2024: How Small Rental Companies Can Boost Profits

You may not have a large fleet, but you can still prevail in your market with the right game plan.

https://www.autorentalnews.com/10214211/icrs-2024-how-small-rental-companies-can-boost-profits
Categories: Rental Operations
LOR Declines by a Day in Q4 2023 as Rental Vehicle Repair Backlog Eases

The trend of predictable seasonal length of rental continues, with the decrease as positive, and many repairers finding ways to anticipate and operate in...

https://www.autorentalnews.com/10214206/lor-declines-by-a-day-in-q4-2023-as-rental-vehicle-repair-backlog-eases
Categories: Operations, Remarketing, Rental Operations, Technology
How Rental Car Companies Can Navigate the Maze of Damage Recovery

Auto rental companies that have adopted AI-based damage assessment technology see sizable decreases in vehicle downtime and much more customer satisfaction.

https://www.autorentalnews.com/10214145/how-rental-car-companies-can-navigate-the-maze-of-damage-recovery
Categories: Remarketing, Used Vehicle Values
Used Vehicle Supply Closes Out at High Point for 2023

For the full year, Cox Automotive estimates sales for used retail were down about 3%, curtailed by a constrained supply of newly used vehicles in the market.

https://www.autorentalnews.com/10214106/used-vehicle-supply-closes-out-at-high-point-for-2023
Categories: Rental Operations
Green Motion, U-Save Add Colombia to Growing South American Market

The business will first operate as Green Motion in Bogota, Cali, Medellin, and Cartagena, supporting the international airports and downtown locations.

https://www.autorentalnews.com/10213812/green-motion-u-save-add-colombia-to-growing-south-american-market
Categories: Fleet Acquisition, Rental Operations
SIXT, Stellantis Form Mega-Deal on Rental Fleet Vehicles

The global auto rental provider and Detroit OEM will apply enhanced technology to improve rental car operations at customer locations.

https://www.autorentalnews.com/10213810/sixt-stellantis-form-mega-deal-on-rental-fleet-vehicles
Categories: Learning Center, Rental Operations
A Second Impression Smarter Than the First

Column: An introduction to the rental car industry contrasts with a clueless long-ago viewpoint about the realities of doing business.

https://www.autorentalnews.com/10213664/a-second-impression-smarter-than-the-first
Categories: Legal & Legislative
ACRA Adds Phil Spink to Board

The American Car Rental Association chose a franchise and operations manager with more than 30 years of experience to fill a vacant seat.

https://www.autorentalnews.com/10213587/acra-adds-phil-spink-to-board
Categories: Electric, Electric Vehicles, Fleet, Fleet Forward, Green Fleet, Used Vehicle Values
Hertz to Replace One-Third of EV Fleet with ICE Vehicles

In another high profile indicator of consumer EV skepticism, the auto rental giant will sell off the EVs to avoid further financial losses.

https://www.autorentalnews.com/10213563/hertz-to-replace-one-third-of-ev-fleet-with-ice-vehicles
Categories: Rental Operations
SIXT Expands Car Rental Service Into Utah Market

The new branch is global auto rental company's first branch in Utah and will serve the nearly 25 million annual passengers to Salt Lake City International...

https://www.autorentalnews.com/10213389/sixt-expands-car-rental-service-into-utah-market
Categories: Auctions, Rental Operations, Technology
New 360 Scanner Uses AI To Detect Vehicle Damage

The inspection technology closely combs a car’s exterior during the check-in and check-out process and generates a complete damage report within seconds.

https://www.autorentalnews.com/10213387/new-360-scanner-uses-ai-to-detect-vehicle-damage
Categories: Fleet Acquisition, Legal & Legislative, Rental Operations
AI, EVs, Data & Risks: The Drivers of Future Auto Rental Trends

The technologies ready to streamline and strengthen the car rental industry also come with uncertainties and challenges.

https://www.autorentalnews.com/10213335/ai-evs-data-risks-the-drivers-of-future-auto-rental-trends
Categories: Remarketing, Used Vehicle Values
Used Vehicle Values Fall By 20% Since 2021 Peak

Manheim expects constrained growth with a volume increase of less than 1% in 2024, indicating a return to a more normal market.

https://www.autorentalnews.com/10213309/used-vehicle-values-fall-by-20-since-2021-peak
Categories: Learning Center, Rental Operations
How Car Rental Operators Can Prevail in 2024

Column: We just exited the most disruptive — and profitable — period in the history of the auto rental industry. How can we prepare for what’s next? Hint:...

https://www.autorentalnews.com/10213216/how-car-rental-operators-can-prevail-in-2024
Categories: Fleet Acquisition, Learning Center, Legal & Legislative, Rental Operations
2024 Auto Rental News Fact Book Arrives Online

The annual compendium of stats, info, trends and tidbits points to renewed business activity across the car rental industry.

https://www.autorentalnews.com/10213205/2024-auto-rental-news-fact-book-arrives-online
Categories: Fleet, Operations, Remarketing, Rental Operations, Small Fleet, Used Vehicle Values, Vehicle Research
Auto Market Forecast for 2024: The Old Normal

Cox Automotive welcomes a return to normalcy after four years of everything but normal, with nothing in the data suggesting vehicle market surges in any...

https://www.autorentalnews.com/10213100/auto-market-forecast-for-2024-the-old-normal
Categories: Auctions, Fleet, Fleet Acquisition, Operations, Procurement, Rental Operations, Small Fleet, Vehicle Research
2023 Fleet Vehicle Sales Soar Past 2 Million Mark

The end-of-year tallies show a healthy 28% annual increase across commercial, rental, and government fleet sectors.

https://www.autorentalnews.com/10213124/2023-fleet-vehicle-sales-soar-past-2-million-mark
Categories: Fleet Acquisition, Rental Operations
Industry Trends: What’s Driving the Rental Market Today?

Independent and franchised car rental operators share their perspectives on vehicle availability and cost, fleet mix, car rental rates, incorporating...

https://www.autorentalnews.com/10213110/industry-trends-whats-driving-the-rental-market-today
Categories: Auctions, Operations, Remarketing, Rental Operations, Technology
OPENLANE Launches AI Tool to Pinpoint Vehicle Damage

The product leverages artificial intelligence and computer vision technology to provide a virtual overlay of any exterior damage detected on a vehicle,...

https://www.autorentalnews.com/10213094/openlane-launches-ai-tool-to-pinpoint-vehicle-damage
Categories: Legal & Legislative
A Fond Adieu to an Industry Friend

Column: With the passing of Joe Knight, we give pause to reflect on his contributions to the industry and to the growth of ACRA, and our commitment to...

https://www.autorentalnews.com/10213058/a-fond-adieu-to-an-industry-friend
Categories: Fleet Acquisition, Rental Operations
Annual U.S. Car Rental Revenue Tops Itself Again at $38.3 Billion

While rental car companies continued to grow business in 2023, the rate of increase since the pandemic is easing back to normal levels.

https://www.autorentalnews.com/10212500/annual-u-s-car-rental-revenue-tops-itself-again-for-2023-at-38-3-billion
Categories: Electric, Electric Vehicles, Electrification, Fleet Forward, Green Fleet
Plenty of Electric Vehicles Available for Sale

EV inventory is stacking up on dealer lots as consumers spooked by high prices and sparse charging stations second-guess or resist buying them.

https://www.autorentalnews.com/10212416/plenty-of-electric-vehicles-available-for-sale
Categories: Fleet, Fleet Acquisition, Vehicle Research
New-Vehicle Inventory Surpasses 2.5 Million, 71 Days’ Supply

The total U.S. supply of available unsold new vehicles in November climbed 57%, or 925,000 units, from the same time a year ago.

https://www.autorentalnews.com/10212346/new-vehicle-inventory-surpasses-2-5-million-71-days-supply
Categories: Rental Operations
Go Rentals Ready to Complete National Safety Training Program

The car rental provider will become certified in the highest automobile-focused safety standards that complement its luxury travel services.

https://www.autorentalnews.com/10212337/go-rentals-ready-to-complete-national-safety-training-program
Categories: Learning Center, Rental Operations, vEvents
ICRS Keynote Speaker Breaks Barriers to Overcome Adversity

USAF fighter pilot Michelle “MACE” Curran will bring lessons of how overcoming fears can propel success in her keynote presentation at the International Car...

https://www.autorentalnews.com/10212172/icrs-keynote-speaker-breaks-barriers-to-overcome-adversity
Categories: Rental Operations
18th Brazil Car Rental Forum Marks Historic Industry High

The event hit record high attendance and exhibit space as speakers delved into many business aspects of the nation's auto rental industry.

https://www.autorentalnews.com/10212090/18th-brazil-car-rental-forum-marks-historic-industry-high
Celebrating Mentors, Industry Friends, and Joe

Some things will never show up on a resume or an obituary, but they matter — to an industry and a friend.

https://www.autorentalnews.com/10212017/celebrating-mentors-industry-friends-and-joe
Categories: Remarketing, Used Vehicle Values
Wholesale Used-Vehicle Prices Decrease in November

Analysts are expecting a measured movement through December and the year, which should reach the January forecast for a 4% year-over-year decline.

https://www.autorentalnews.com/10211981/wholesale-used-vehicle-prices-decrease-in-november
Categories: Fleet, Fleet Acquisition, Small Fleet, Vehicle Research
November Fleet Sales Results Mixed, Still Up YTD

Bobit releases the latest aggregate numbers for specific fleet sectors as total sales look to close out 2023 well ahead of last year.

https://www.autorentalnews.com/10211764/november-fleet-sales-results-mixed-still-up-ytd
Categories: Global Fleet, Operations, Rental Operations
Surprice Car Rentals Opens Greece Location, Wins Travel Award

The company started operating at Ioannina Airport in Greece and won a prestigious travel industry award for the third year in a row.

https://www.autorentalnews.com/10211632/surprice-car-rentals-opens-new-location-wins-award
Categories: Auctions, Global Fleet, Operations, Remarketing
Adesa Rebrands to OPENLANE in Europe

The improved digital marketplace will provide a secure one-stop-shop experience with best-in-class cross-border services and real-time delivery options.

https://www.autorentalnews.com/10211626/adesa-rebrands-to-openlane-in-europe
Categories: Rental Operations
In Memoriam: Joe Knight, Car Rental Industry Veteran

Knight served as vice-president of airport concessions and properties at Fox Rent a Car for 22 years and was former president and board member of the...

https://www.autorentalnews.com/10211552/in-memoriam-joe-knight-car-rental-industry-veteran
Categories: Fleet, Fleet Acquisition, Green Fleet, Remarketing, Used Vehicle Values
Vehicle Markets in Flux: How Are Fleets Doing?

The recent Fleet Forward Conference presented updates to the fleet, used vehicle, and electric vehicle supply and demand.

https://www.autorentalnews.com/10211305/vehicle-markets-in-flux-how-are-fleets-doing
Categories: Global Fleet, Operations, Rental Operations
U-Save Celebrates Its Official Launch in Italy

The new team has ambitious plans to open 12 more locations in 2024-25 across the country, including Sicily in early 2024.

https://www.autorentalnews.com/10211385/u-save-celebrates-its-official-launch-in-italy
Categories: Global Fleet, Operations, Rental Operations
Finalrentals Opens Outlet in Puerto Rico

The international auto rental provider has a vision of eventually reaching 100 countries worldwide in coming years.

https://www.autorentalnews.com/10211307/finalrentals-opens-outlet-in-puerto-rico
Categories: Fleet, Fleet Acquisition, Green Fleet, Operations, Remarketing
3 Headwinds That Will Batter the Auto Industry

Analysis: Slowing EV adoption, an expensive UAW labor contract, and higher consumer interest rates will diminish the profits and gains of recent years.

https://www.autorentalnews.com/10211298/3-headwinds-that-will-batter-the-auto-industry
Categories: Electric, Electric Vehicles, Fleet Acquisition, Green Fleet, Remarketing, Suppliers, Used Vehicle Values, Vehicle Research
Used EV Prices Tank as Demand Craters

The latest numbers add up to a gutpunch for the resale values of used electric vehicles as the early adopter market for EVs taps out and mainstream vehicle...

https://www.autorentalnews.com/10211173/used-ev-prices-tank-as-demand-craters
Categories: Rental Operations, Rental Software
How to Boost Revenues with AI Dynamic Pricing

The technology can enable rental fleet, mobility, and infrastructure operators to react instantly to market conditions and scale up their revenue.

https://www.autorentalnews.com/10210784/how-to-boost-revenues-with-ai-dynamic-pricing
Categories: Auctions, Fleet, Fleet Acquisition, Operations, Small Fleet, Suppliers
Final UAW Strike Update: Contract Ratified

Culminating in over 45 days on the picket line, members at each of the Detroit Three have approved new contracts in favor of the UAW.

https://www.autorentalnews.com/10207272/uaw-strike-grows
Categories: Auctions, Operations, Remarketing
OPENLANE Combines BacklotCars, Off-Lease Vehicles into New Marketplace

The consolidated digital platform will simplify buying and selling while expanding reach and access for customers.

https://www.autorentalnews.com/10210836/openlane-combines-backlotcars-off-lease-vehicles-into-new-marketplace
Categories: Global Fleet, Operations, Rental Operations
Green Motion Expansion Hits 70 Countries

The global car rental giant has stuck with its entrepreneurial business model since 2007.

https://www.autorentalnews.com/10210769/green-motion-expansion-hits-70-countries
Categories: Remarketing, Used Vehicle Values
Wholesale Used Vehicle Prices Decline in First Half of November

Over the last two weeks, Manheim Market Report (MMR) prices declined an aggregate of 1.9%, which was more than the normal decline of 1% for the time of year.

https://www.autorentalnews.com/10210713/wholesale-used-vehicle-prices-decline-in-first-half-of-november
Categories: Charging, Electric, Electrification, Fleet Forward, Green Fleet
Which Electric Vehicles Charge the Fastest?

A recent independent evaluation of fast-charging speeds by Edmunds counters different automakers' charging speed data. See what EV models offer the best...

https://www.autorentalnews.com/10210534/which-electric-vehicles-charge-the-fastest
Categories: Rental Operations
Avis Budget Group Realigns Upper Level Executives

Three company leaders take on new roles and titles starting Jan. 1, 2024 as the rental car giant looks toward enhancing its operations.

https://www.autorentalnews.com/10210519/avis-budget-group-realigns-upper-level-executives


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