The rental platform through the ride sharing service has had ups and downs in the U.S., but now makes its debut in Puerto Rico. Photo: Uber Uber has launched Uber Rent on its app in Puerto Rico, according to a report by Newsismybusiness.com (NimB). Uber Rent is a new platform for Uber users to reserve… Continue reading Uber Rent Launches in Puerto Rico
Author: Auto Rental International Online News
Photo Highlights: 2021 International Car Rental Show
Photo Highlights: 2021 International Car Rental Show – vEvents – Auto Rental News 0/16 August 17, 2021 Photo Gallery View Photo Gallery Held from August 15-17 at Caesar’s Palace in Las Vegas, hundreds of car rental professionals gathered to hear the latest insights and trends from expert speakers, visit with vendors, and network with peers.… Continue reading Photo Highlights: 2021 International Car Rental Show
Used Vehicle Values Decline Slightly in August
Manheim Used Vehicle Value Index, Mid-August 2021 Graph: Manheim/Cox Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.8% in the first 15 days of August compared to the month of July, Manheim reported Aug. 17. This brought the Manheim Used Vehicle Value Index to 193.7, a 18.3% increase from August… Continue reading Used Vehicle Values Decline Slightly in August
Expedia Report Shows Growth in Global Travel Searches
According to Expedia Group’s Traveler Value Index Research, which surveyed respondents in eight countries around the world, 72% of consumers are planning on traveling over the next 12 months. Photo via Pexels. Expedia Group Media Solutions has released its Q2 2021 Travel Recovery Trend Report. The quarterly report combines Expedia Group first-party data and custom research with insights to help travel marketers on their road to recovery. “Throughout Q2, we… Continue reading Expedia Report Shows Growth in Global Travel Searches
IARA in Final Stretch to 20th Anniversary Summer Roundtable
Graphic: IARA The International Automotive Remarketers Alliance is preparing for a robust 20th anniversary Summer Roundtable in San Antonio, Texas, on Aug. 24-26 that will offer plenty to learn and talk about. “Not only are we excited to be celebrating our longevity, but more so, the opportunity to return to in-person events and enjoying time… Continue reading IARA in Final Stretch to 20th Anniversary Summer Roundtable
Manheim Express Introduces Enhanced Vehicle Inspection, Digital Condition Report
The new inspection format builds on the condition information produced by the Manheim Express app, such as immersive, 360-degree images; movable images to see depth of damage; audio and video tags to assess engine noise; interior 360s and more. Photo: Manheim In response to client feedback, Manheim is introducing an enhanced vehicle inspection solution that provides even… Continue reading Manheim Express Introduces Enhanced Vehicle Inspection, Digital Condition Report
New-Vehicle Supply Still Low but Starting to Stabilize
National Days Supply by Vehicle Brand Chart: Cox Automotive After slumping to historic lows in July, new-vehicle inventory, based on days of supply, showed signs of stabilizing as the U.S. industry entered August, according to a Cox Automotive analysis of vAuto Available Inventory data released Aug. 11. Still, overall inventory remains far lower than normal… Continue reading New-Vehicle Supply Still Low but Starting to Stabilize
AutoIMS 2Q Report Shows Leaps in Converstion Rate, Sale Prices
AutoIMS uses an array of superheroes to promote its quarterly Industry View report. Graphic: AutoIMS With two quarters of data accumulated, AutoIMs is gaining more clarity about key industry remarketing and auction trends, according to its latest quarterly report released Aug. 9. One defining mega-trend is low vehicle volume for the foreseeable future. Among notable… Continue reading AutoIMS 2Q Report Shows Leaps in Converstion Rate, Sale Prices
Hertz Posts Strong Q2 Earnings Margins, Plans New IPO
Hertz said it expects to relist on a major exchange by year-end 2021. Photo via Atomic Taco/Flickr. Hertz Global Holdings announced financial results for the second quarter of 2021 on August 9. For Q2, the company generated total revenues of $1.9 billion, attributed to strong leisure travel demand and tighter fleet inventory. Adjusted corporate EBITDA was $639 million, resulting in… Continue reading Hertz Posts Strong Q2 Earnings Margins, Plans New IPO
African Car Rental Company’s Future Uncertain Amidst Scandal, CEO Death
Family drama, leadership exodus, and financial uncertainty, are at the heart of Impala Car Rental’s current state. The company has 21 offices in Zimbabwe, including Harare, the country’s capitol. Photo: Harare, Zimbabwe from Erik Törner/flickr Zimbabwe’s Impala Car Rental is facing numerous challenges in the wake of multiple recent incidents that brought on negative press. Thomas Dondo, Impala’s… Continue reading African Car Rental Company’s Future Uncertain Amidst Scandal, CEO Death