MMR values have been based on year-make-model-trim data, with additional manual adjustments available for mileage, region, condition and color. However, a vehicle’s specific options and packages can boost or diminish its value compared to the typical configuration. Photo: Pexels / Kelly The widely used wholesale vehicle valuation tool, Manheim Market Report (MMR), now includes automatic… Continue reading Cox Automotive Adds Vehicle Options Adjustments to MMR
Author: Auto Rental International Online News
Carwiz Capitalizes on Armenian Visitor Boom
The car rental market in Armenia has also been growing rapidly, with increasing demand from both international tourists and locals. Photo: Carwiz International Carwiz International is moving rental car operations into Armenia to capitalize on the country’s growing tourism industry, the company announced this week. Armenia has been experiencing a significant boom in tourism. In… Continue reading Carwiz Capitalizes on Armenian Visitor Boom
Car Sharing Platforms Grow Across North America
A remarkable trend in the U.S. market is the trials of tele-operated car sharing. Las Vegas has seen the introduction of the first tele-operated car sharing services like Halo. Photo: Halo.Car The North American car sharing market in the US, Canada, and Mexico counts at least 70 operators today, according to a new white paper… Continue reading Car Sharing Platforms Grow Across North America
Global Business Travel Industry Spending Ready to Hit Record $1.48 Trillion in 2024
The forecast for 2024 predicts global business travel spending will reach $1.48 trillion by the end of the year, an increase on 2019 spending which was a previous record at $1.43 trillion. Graphic: GBTA Boosted by economic stability, pent-up demand and recovery momentum, business travel spending is projected to surpass $2 trillion by 2028, according… Continue reading Global Business Travel Industry Spending Ready to Hit Record $1.48 Trillion in 2024
SIXT Opens Branch at Houston’s Smaller Airport
The SIXT team at the William P. Hobby Airport in Houston marks the opening of the global auto rental company’s newest outlet. Photo: SIXT SIXT USA recently opened its newest car rental branch along the main thoroughfare entering William P. Hobby Airport (HOU) in Houston, which served 14 million passengers in 2023. The rental fleet… Continue reading SIXT Opens Branch at Houston’s Smaller Airport
The ACRA Approach: Educate, Advocate, Boost Profits
ACRA president Sharky Laguana urges attendees at the International Car Rental Show on April 16 to help advocate for legislation and regulator rollbacks that can spare rental car operators unnecessary business costs. Photo: Ross Stewart / Stewart Digital Media As the American Car Rental Association prepares for another legislative conference in Washington, D.C., its president… Continue reading The ACRA Approach: Educate, Advocate, Boost Profits
Taking a Practical Line on EV Potential
Stephanie Valdez Streaty, director of industry insights at Cox Automotive, and ACRA president Sharky Laguana walked through the latest electric vehicle data and coming advances during a presentation at the 2024 International Car Rental Show in Las Vegas. Photo: Ross Stewart / Stewart Digital Media While electric vehicles are facing some serious challenges, fleet operations… Continue reading Taking a Practical Line on EV Potential
York Car Rental Opens New Franchise in Guatemala
York’s new facility in Guatemala City offers a variety of vehicles ranging from economical cars to luxury SUVs. Photo: York Car Rental York Car Rental, a discounted rental car company, has opened a new branch in Guatemala, offering a range of vehicles to meet the diverse needs of travelers and residents alike. Located in the… Continue reading York Car Rental Opens New Franchise in Guatemala
Overall Wholesale Auction Volumes Rise Through June
Total sales over the first six months of the year reached 3.41 million units, an 8% increase compared to 2023’s YTD total. Graphic: AuctionNet AuctionNet wholesale vehicle auction sales came at about 522,000 vehicles in June, up a small 1.4% versus June 2023 but down nearly 14% from May 2024, according to data released July… Continue reading Overall Wholesale Auction Volumes Rise Through June
Hertz Names Roster of New Execs
The Hertz Corporation is one of the largest worldwide vehicle rental companies, and the Hertz brand, which has 27,000 employees worldwide, is one of the most recognized globally. Photo: Hertz In a continuing executive shakeup and pivot for Hertz, the global rental car company announced a team of new executives on July 8 who will… Continue reading Hertz Names Roster of New Execs