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
Author: Auto Rental International Online News
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
Finalrentals Expands Into Slovakia, Austria
Slovakia and Austria’s central position in Europe, paired with their flourishing tourism industries, makes them ideal markets for car rental. Photo: Finalrentals Finalrentals, a global car rental network, recently entered the Slovakian and Austrian markets, which bolsters its presence in Central Europe. The company opened rental car outlets at the Bratislava International Airport and Vienna… Continue reading Finalrentals Expands Into Slovakia, Austria
Fox Rent A Car Grows at California Airport
Fox Rent-A-Car has installed ready-line spaces to speed up service and reduce customer wait times at the San Jose Mineta International Airport. Photo: Fox Rent A Car Fox Rent A Car recently expanded its location at the San Jose Mineta International Airport (SJC), following growth in the company’s market share. The branch has added a… Continue reading Fox Rent A Car Grows at California Airport
Gen Z, Millennials Taking More International Trips this Holiday Season
34% of travelers plan to fly to their destination this year, and of those, 38% plan to use a rental vehicle. Photo: Enterprise Mobility With Thanksgiving less than a week away, more than two-thirds (68%) of Americans are planning at least one overnight trip, 50-plus miles away from home between November 2024 and January 2025,… Continue reading Gen Z, Millennials Taking More International Trips this Holiday Season
October, Year-To-Date Auction Vehicle Sales Grow at Steady Clip
Auction sales of vehicles up to 5-years-old — which includes most off-lease, rental, and fleet company sales — rose 11.2% compared to last October. Graphic: AuctionNet Wholesale auction sales exceeded 621,500 units in October, up 11.6% on a prior year basis after adjusting for selling day differences since October had two more selling days than… Continue reading October, Year-To-Date Auction Vehicle Sales Grow at Steady Clip
Carwiz Taps AI for Business and Employee Education
Željana Babić, director and founder of XENIOS LMS (L), and Krešimir Dobrilović, founder and president of Carwiz International’s management board, signed the contract. They were joined by Barbara Mrkić, a marketing consultant at Green Motion International. Photo: Carwiz Carwiz International will become one of the first rental car companies in the world to use an… Continue reading Carwiz Taps AI for Business and Employee Education