Commercial car sales were down 47.3% year-over-year during March at 4,962 units, while truck and SUV segment vehicle sales were down 13.7% at 60,173, according to Automotive Fleet data. Photos courtesy of Ford, GM, FCA, and Nissan. Commercial fleet sales from nine manufacturers totaled 65,135 in March 2020, representing an 17.7% year-over-year decrease. Total fleet… Continue reading Commercial Fleet Sales Drop in March
Author: Auto Rental International Online News
Getaround Looks for Buyer as Demand Declines
Peer-to-peer carsharing app Getaround is is actively looking for a buyer as the demand for rentals has plummeted due to the COVID-19 outbreak, Bloomberg reports. The company, which says it has over 5 million users, has been previously valued at over $1 billion by investors. As global travel has fallen, Getaround needs either a buyer or… Continue reading Getaround Looks for Buyer as Demand Declines
DriveItAway App Announces ‘Touchless’ Delivered Car Rental with Purchase Option
The program offers a fully in-app rental with an option to purchase, where any dealer can offer a customer the ability to choose any used vehicle in inventory. Photo via Depositphotos. DriveItAway has adapted its app-based platform to meet the challenges car dealers and consumers face in the current coronavirus environment. The app now allows for… Continue reading DriveItAway App Announces ‘Touchless’ Delivered Car Rental with Purchase Option
Brazilian Car Rental Industry Sees Growth in Daily Rental Rates
The association attributes this growth in daily rates to the increase in demand from people renting vehicles for longer periods (instead of buying them) and the growing number of rentals for drivers of transportation companies. Photo via GoodFreePhotos. ABLA, the Brazilian car rental association, has conducted a census on Brazil’s car rental industry and found… Continue reading Brazilian Car Rental Industry Sees Growth in Daily Rental Rates
Bandago Keeps Rental Vans Moving
Lee Hepner, legislative aide for San Francisco Supervisor Aaron Peskin, picks up a load of supplies for the San Francisco Emergency Operations Center with a Bandago van. Photo courtesy of Sharky Laguana. Bandago, the passenger van rental company that specializes in rentals to touring music groups in 15 U.S. markets, is in dire financial straits due… Continue reading Bandago Keeps Rental Vans Moving
Sixt Franchisee Shares Sanitizing Process
The Sixt franchise serving Indianapolis now uses a steering wheel cover as part of its vehicle sanitation process. Photo courtesy of Phil Spink. Tom Wood Automotive Group, which owns the Sixt franchise serving Indianapolis, Ind., has revised its vehicle sanitizing process as a result of the coronavirus pandemic. The sanitizing process is as follows: 1.… Continue reading Sixt Franchisee Shares Sanitizing Process
China Auto Rental Prepares for Business Slump
CAR has sold some of its assets, including some of its used car fleet, to increase its liquidity during this economic downturn, according to company officials. Photo via Marianna/Flickr. China Auto Rental Inc. (CAR), China’s largest car rental company, has started preparing for “extreme scenarios” to survive the business slump caused by the Coronavirus outbreak, according… Continue reading China Auto Rental Prepares for Business Slump
ACRA Letter to Treasury Secretary Asks for COVID-19 Relief
Car rental companies provide – large and small – such services day-in and day-out to government agencies, other essential businesses, and the public in every community across the country. Screenshot via ACRA. The American Car Rental Association has penned a letter to Treasury Secretary Steve Mnuchin to advocate for the car rental industry being included… Continue reading ACRA Letter to Treasury Secretary Asks for COVID-19 Relief
Rate Pros to Lower April Rates
Photo via Depositphotos. In an effort to strengthen its partnership with its clients during the coronavirus pandemic, Rate Pros has announced plans to reduce April invoices. “We know that revenue management is now more important than ever, while budgets are more constrained than before, so we want to partner in the pain to help our customers preserve revenue and… Continue reading Rate Pros to Lower April Rates
Foreign, Domestic Automakers Suspend Production at North American Factories
Photo via Wikimedia/Anonyme General Motors, Ford, and Fiat Chrysler will suspend production at North American manufacturing facilities to fight the spread of COVID-19/coronavirus, according to press statements and news reports. Both GM and Ford stated their suspensions will last until at least March 30. GM stated its production status will be reevaluated week-to-week after that.… Continue reading Foreign, Domestic Automakers Suspend Production at North American Factories