Online bookings have sky-rocketed, with more than 220% growth compared to 2020. Photo courtesy of Volkswagen. Volkswagen Financial Services UK’s (VWFS) Rent-a-Car service released figures showing that there has been an increase in rental bookings this year. Volkswagen saw a 144% rise in rental bookings in November compared to the same period last year, and predicts an increased… Continue reading VW Financial Services UK’s Rent-a-Car Program Up 144%
Author: Auto Rental International Online News
Wholesale Used Vehicle Prices Rise This Month
Price Changes for Select Vehicle Classes, Mid-December 2021 Graphic: Cox Automotive Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.1% in the first 15 days of December compared to the month of November, according to a Dec. 17 Cox Automotive news release. This brought the Manheim Used Vehicle Value Index… Continue reading Wholesale Used Vehicle Prices Rise This Month
Arrival Reveals Its First Electric Car
Arrival has been able to develop the Car alongside ride-hailing drivers from Uber in just over six months. Photo: Arrival Arrival revealed the first finished prototype of the Arrival Car, which is designed for the ride hailing industry to bring clean air to urban environments where most ride-hailing mileage occurs, according to the company’s press release. Arrival will… Continue reading Arrival Reveals Its First Electric Car
The High Voltage Details That Lead to Solid, Reliable EV Plug-Ins
Among factors to consider when planning charging infrastructure: How many hours a day do the EVs need to charge on a Level 2 versus Level 3 charger? How flexible is the fleet charging strategy? Should chargers be dedicated or shared? Photo: Martin Romjue / Bobit Simplicity defines the second nature of electric vehicles. They’re easier… Continue reading The High Voltage Details That Lead to Solid, Reliable EV Plug-Ins
Nikola Delivers First Nikola Tre Battery-Electric Trucks
The electric startup Nikola Corporation (Phoenix, AZ) is poised to enter the American battery-electric vehicle (BEV) fleet market with an order of 100 Nikola Tre trucks for TTSI’s zero-emissions fleet. Nikola (Nasdaq: NKLA) today delivered the first BEV pilot trucks to Total Transportation Services Inc. (TTSI), one of southern California’s leading port truck companies, hoping… Continue reading Nikola Delivers First Nikola Tre Battery-Electric Trucks
Digital Sales Take Off for Manheim Express in 2021
Manheim offsite volumes have increased 123% year-over-year, with much of that growth being driven by Manheim Express, which increased over 200% in the same timeframe. Photo: Manheim Express During 2021, dealer usage of Manheim’s offsite wholesale channels skyrocketed, with Manheim Express alone experiencing triple digit growth year-over-year, according to a Dec. 15 Manheim news release.… Continue reading Digital Sales Take Off for Manheim Express in 2021
New-Vehicle Affordability Worsens Again in November
Weeks of Income Needed to Buy a New Light Vehicle Source: Cox/Manheim Index Following similar dynamics each month this fall including another new record on the average price paid and another low for incentives, new-vehicle affordability declined again in November, according to a Cox Automotive news release. November’s affordability decline was caused by all vehicle… Continue reading New-Vehicle Affordability Worsens Again in November
Used Vehicles Sales Up Slightly YOY in November
Used Vehicle SAAR and Volume Chart: Cox Automotive Total used-vehicle sales were up 3% year over year in November, according to Cox Automotive estimates released Dec. 15 that are subject to change. November used seasonally adjusted annual rate (SAAR) is estimated to be 39.1 million, up from 38.1 million in November 2020 but down compared… Continue reading Used Vehicles Sales Up Slightly YOY in November
Uptick in Exotic Rental Crashes Could Lead to More Regulation
More technology in exotic and luxury vehicles could help curb crashes. One rental operator says that customers should also be subject to regulation. Photo courtesy of Gotham Dream Cars. Nevada’s Clark County commissioners are looking to add more guidelines for renting a vehicle in the exotic rental industry, according to a report by CBS 8. From… Continue reading Uptick in Exotic Rental Crashes Could Lead to More Regulation
Free2Move Opens Mobility Hub in Austin
Austin joins Denver, Portland, and Washington D.C., offering residents acess to its fleet of Jeep Renegades. Image courtesy of Free2Move Mobility provider Free2Move announced the addition of Austin, Texas, to its list of Mobility Hubs. Residents of Austin can now see the Free2Move fleet of 100 Jeep Renegade vehicles parked on city streets, and can book one through… Continue reading Free2Move Opens Mobility Hub in Austin