F-150 Lightning reservations exceeded 120,000. Almost 80% of the fully electric Lightning truck customers are coming from other brands, with most orders coming from California and bringing new people to the full-size truck segment. Photo: Ford Ford released July 2021 sales figures on Aug. 4 with the following highlights and tidbits of interest, particularly in… Continue reading Ford Reports Robust Growth in EV Sales, Orders
Author: Auto Rental International Online News
nterprise Holdings Awards $7M to 700+ Nonprofits
Enterprise Holdings first announced the ROAD Forward commitment in November 2020. Photo via Depositphotos. Enterprise Holdings, through the Enterprise Holdings Foundation, is awarding its inaugural local Enterprise Holdings Respect, Opportunity, Achievement, and Diversity (ROAD) Forward grants to nearly 700 nonprofit organizations addressing social and racial equity gaps facing youth and families in communities across the globe. Combined, the grants total more… Continue reading nterprise Holdings Awards $7M to 700+ Nonprofits
Free2Move Launches Monthly Subscription Service in D.C.
Free2Move’s new on-demand car rental service is available through an app. The service launches in Washington, D.C. with a fleet of Jeep Renegades. Image: Free2Move Free2Move launched a new Car On Demand service in Washington, D.C. This month-to-month subscription program can be accessed through the Free2Move app. The solution adds to the company’s portfolio of… Continue reading Free2Move Launches Monthly Subscription Service in D.C.
How Are Electric Vehicles Affecting Repair Shops?
With the increasing market penetration of BEVs/HEVs and rapidly evolving technologies, independent repair shops who service these vehicles recognize the importance of keeping up with current information. Photo: Noyafields / Flickr Of independent repair shops that service battery-electric vehicles (BEVs) and hybrid electric vehicles (HEVs), 89% have seen an increase in the number of BEVs… Continue reading How Are Electric Vehicles Affecting Repair Shops?
Wholesale Used Vehicle Prices Decline in First Half of July
Chart: Cox Automotive Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.7% in the first 15 days of July compared to the month of June, Cox Automotive reported July 19. This brought the Manheim Used Vehicle Value Index to 196.9, a 24.7% increase from July 2020. Manheim Market Report (MMR)… Continue reading Wholesale Used Vehicle Prices Decline in First Half of July
Total Used-Vehicle Sales Down 12% YOY in June
Chart: Cox Automotive As another data point to monitor the health of the automotive market, according to Cox Automotive estimates, total used-vehicle sales were down 12% year over year in June. Cox estimates the June used SAAR (Seasonally Adjusted Annual Rate) to be 39 million, down from 43.6 million last June and down compared to… Continue reading Total Used-Vehicle Sales Down 12% YOY in June
Ford, Lyft to Launch Self-Driving Car Network this Year
Lyft users within the defined service areas will be able to select a Ford self-driving vehicle to hail a ride. Photo: Argo AI Ford Motor Company is partnering with Argo AI and Lyft to create an autonomous ride hailing service, according to the companies’ press release. Argo AI and Ford will release self-driving Ford vehicles… Continue reading Ford, Lyft to Launch Self-Driving Car Network this Year
Sixt SE Exceeds Expectations, Earns €78M in Q2
Sixt credits the result on higher price levels in the U.S. and Europe and the easing of pandemic-related restrictions in Europe. Photo: SIXT USA Sixt SE pulled in €78M in earnings before taxes (EBT) in the second quarter of 2021, the company reported on July 20, exceeding analysts’ estimates of 2021 EBT €61 million. Consolidated… Continue reading Sixt SE Exceeds Expectations, Earns €78M in Q2
New Vehicles Hit Record Low in Affordability
Chart: Cox Automotive With market dynamics leading to record prices and record low incentives, new vehicle affordability declined this spring. In addition, with waning stimulus support, affordability declined in June to a new low on the affordability index, which dates to 2012. The number of median weeks of income needed to purchase the average new… Continue reading New Vehicles Hit Record Low in Affordability
XLerate Group Acquires Liquid Motors
Columbus Fair Auto Auction stands atop 154 acres and operates an 11-lane arena, reconditioning facility, body shop, and mechanical shop. Photo: XLerate Group The XLerate Group (XLerate) said July 12 it recently added Liquid Motors to its arsenal of offerings serving consignors and buyers, both digitally and in-lane, according to a media release. Liquid Motors… Continue reading XLerate Group Acquires Liquid Motors