The telematics penetration rate across the car rental fleets in North America and Europe is expected to grow from 40% at the end of 2023 to 75% in 2028. Graphic: Berg Insight The installed base of active telematics systems in North America and Europe’s car rental and leasing market reached 6.2 million at the end… Continue reading Rental, Leasing Car Telematics Market to Grow 15% by 2030
Author: Auto Rental International Online News
Rental Car Industry Trends Ahead for 2025
Rental car operators face the challenges of making money in an economic environment with rising expenses and flatter rental rates. The best business approach going into 2025 is steady and conservative growth. Illustration: Getty Images If you want to keep a pulse on industry trends, then listen to what car rental company owners and operators… Continue reading Rental Car Industry Trends Ahead for 2025
Rental Car Industry Pulls Back from Rapid Revenue Growth This Year
The car rental market has interrupted a four-year trend of steep revenue gains since the COVID pandemic. Graphic: Bobit Business Media Auto Rental News recently posted its annual Fact Book for 2025, which contains the latest information and insights about the state of the car rental industry in the U.S. Overall, the industry is on… Continue reading Rental Car Industry Pulls Back from Rapid Revenue Growth This Year
Brazilian Car Rental Event Hits High Metrics
Exhibitors at the Expo ABLA 2024 on Nov. 27-28 in Sao Paulo, Brazil, numbered 70, and attendance numbered 2,000 rental car industry professionals. Photo: Hiria Marketing for ABLA The Brazilian car rental association ABLA saw major increases in its number of exhibitors, visitors, and venue space during its 19th annual Expo and conference on Nov.… Continue reading Brazilian Car Rental Event Hits High Metrics
Finalrentals Expands into Canada and the Pacific Northwest
The expansion into Vancouver, Calgary, and Seattle underscores Finalrentals’ interest in cities renowned for their stunning natural landscapes, bustling tourism, and vibrant economic activity. Photo: Finalrentals Car rental network Finalrentals recently entered into North America with outlets in Canada and the Pacific Northwest, making its first foray into U.S. and Canadian airport locations. As of… Continue reading Finalrentals Expands into Canada and the Pacific Northwest
Auction Vehicle Sales Volume Highest Since 2019
On a selling day adjusted basis, auction sales of vehicles up to 5-years-old — which includes most off-lease, rental, and fleet company sales — rose 9.5% compared to last November. Graphic: Auction Net Wholesale vehicle auction sales during the first eleven months of this year reached 6.25 million units, a rise of 9.4% versus 2023’s… Continue reading Auction Vehicle Sales Volume Highest Since 2019
Carwiz Expands Operations to Austria and Lithuania
Krešimir Dobrilović, founder and president of Carwiz International’s management board (L) and Carwiz’s Hungarian partner, Dániel Pszota, managing director of Fábián Autószalonok. Photo: Carwiz International Carwiz International, a Croatia-based rental car franchise, recently signed two new franchise agreements to begin operating in Austria and Lithuania. With these additions, the global Carwiz network will span 59… Continue reading Carwiz Expands Operations to Austria and Lithuania
November Fleet Sales Down 4.6% But YTD Close to 2023 Levels
The combined sales for the three fleet sectors in November totaled 139,989 vehicles, down 4.6% from the November 2023 total of 146,685 fleet vehicle sales. Graphic: Bobit Business Media Fleet sales overall in the three key fleet markets are tracking close to 2023 levels, with only one month of sales left in 2024, according to… Continue reading November Fleet Sales Down 4.6% But YTD Close to 2023 Levels
Sixt Opens New Airport Location in Orange County, California
The Sixt team officially opens a new rental car outlet at John Wayne Airport in Orange County, California, on Dec. 2, 2024. Photo: Sixt USA Sixt USA opened its 50th U.S. airport location on Dec. 2 at John Wayne Airport (SNA) in Orange County, California, part of the greater Los Angeles metropolitan area and the third most… Continue reading Sixt Opens New Airport Location in Orange County, California
Wholesale Used-Vehicle Prices Up in November
Seasonally adjusted EV values for November 2024 continued to show stronger depreciation trends and fell by 11.4% Graphic: Cox Automotive Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were higher in November than in October, according to the Manheim Used Vehicle Value Index (MUVVI) released Dec. 6. The index rose to 205.4,… Continue reading Wholesale Used-Vehicle Prices Up in November