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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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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