Tomislava Ravlić, director of business development at Carwiz International, and Carwiz CEO and founder Krešimir Dobrilović display the company awards from the Croatian Association for Franchise Business. Photo: Carwiz International Carwiz International, a rental car franchise company, recently won three awards at the Franchise Brand Award competition, including the Franchise of the Year award, which… Continue reading Carwiz Named Franchise of the Year in Croatia
Author: Auto Rental International Online News
OEMs Seeing More Inventory as Days Supply Rises
A spike in supply among brands with twice the industry average of days’ supply pulled up the overall count. Supply ranged from Toyota at the low end with 30 days to Dodge at the high end with 151 days. Graphic: Cox Automotive Despite generally healthy sales in April, brands with 100+ average days’ supply pulled… Continue reading OEMs Seeing More Inventory as Days Supply Rises
Car Rental Express Launches Cost Per Acquisition with Kayak.com
With CPA, paying only for successful rental leads maximizes the value of the agency’s advertising budget. Go to Source
Wholesale Used-Vehicle Prices Increase in First Half of May
All major market segments saw seasonally adjusted prices that remained lower year over year in the first half of May. Graphic: Cox Automotive Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.3% from April in the first 15 days of May, according to the mid-month Manheim Used Vehicle Value Index released… Continue reading Wholesale Used-Vehicle Prices Increase in First Half of May
CARWIZ Contract Spreads Brand to 16 More Countries
(L to R): Amr Fawzy, founder and CEO of Oncarz Mobility, Mohamed Kamal, CEO of Onpassive Technology, and Krešimir Dobrilović, CEO and founder, CARWIZ International, played instrumental roles in bringing about the latest expansion contract to fruition. Photo: CARWIZ CARWIZ International recently expanded into one of the most dynamic tourist regions globally, the Middle East… Continue reading CARWIZ Contract Spreads Brand to 16 More Countries
New Vehicle Prices Rise Agan, While Affordability Dips
Month over month price changes pulled up for most automakers, while declines still dominate year over year comparisons. Graphic: Cox Automotive A downward slide in new-vehicle prices through the first quarter of 2024 reversed course in April, with average transaction prices (ATPs) increasing by 2.2% to $48,510, the highest prices since December 2023, according to… Continue reading New Vehicle Prices Rise Agan, While Affordability Dips
Supply, Lease-Returns, and Interest Rates Driving Near-Term Vehicle Market
CAR 2024 emcee Charlie Vogelheim (L) moderates outlook panel with Jeremy Robb, senior director of economic and industry insights at Cox Automotive, John Coles, senior director of data science and analytics at ACV Auctions, Dr. Alex Yurchenko, senior VP, and chief data science officer at Black Book and MOTOR, and Tom Kontos, chief economist at ADESA… Continue reading Supply, Lease-Returns, and Interest Rates Driving Near-Term Vehicle Market
U-Save Signs On Franchisee at Houston Airport
U-Save President Richard Lowden (L) offcially welcomes Houston International Airport franchisee Mateen Shah. Photo: U-Save U.S. car rental franchise brand U-Save recently launched its latest U.S. operation with the sale of their franchise at the Houston International Airport. Mateen Shah, an independent operator looking to further expand his business, acquired the franchise, formally signed in… Continue reading U-Save Signs On Franchisee at Houston Airport
NextCar, Priceless Add Execs to Leadership Team
Jon Dill and Penny Sottile are now on the operations support team for NextCar and Priceless. Photo: Priceless, NextCar NextCar and Priceless recently announced that Jon Dill and Penny Sottile have joined their operations support team. At the start of Dill’s career in 1997, he reported for duty washing cars. With a career spanning all… Continue reading NextCar, Priceless Add Execs to Leadership Team
April 2024 Fleet Sales Lose Q1 Momentum
In sum, total April 2024 fleet sales stood at 202,309, down 5.6% from 214,362 in April 2023. So far in 2024, total monthly fleet sales have fallen year-over-year in March and April, while rising in January and February. Graphic: Bobit In recent months, the three primary fleet sectors each have lurched among gains and losses… Continue reading April 2024 Fleet Sales Lose Q1 Momentum