Many domestic makes had the highest inventory. Brands with the lowest supply were Asian imports. Source: Cox Automotive February opened with 80 days of new-vehicle supply across the industry, the highest since June 2020, according to Cox Automotive’s analysis of vAuto Available Inventory data released Feb. 15. At the start of February, the total U.S.… Continue reading New Vehicle Supply Spikes, Affordability Surges
Author: Auto Rental International Online News
Green Motion Launches Egypt Master Car Rental Franchise
The Green Motion team at their terminal location in the Cairo International Airport in Egypt. Photo: Green Motion International car rental brand Green Motion expands further onto the African continent with its Feb. 13 announcement of a new franchise operation in Egypt. Acquired by car rental entrepreneur Mahmoud Magdy Elmasarawy, who formerly owned and operated… Continue reading Green Motion Launches Egypt Master Car Rental Franchise
EVs Bring More Problems Than Other Vehicle Types
One sore spot for EV owners is the frequency of tire changes due to the heavier weight of the electric batteries. Photo: Artem Podrez / Pexels The tradeoff with more expensive long-to-charge EVs has always been that they cost less for maintenance and don’t require as much repair as traditional gasoline vehicles. Once taken for… Continue reading EVs Bring More Problems Than Other Vehicle Types
In Memoriam: James Cassan, Dollar Franchise Pioneer
James Cassan, Dec. 31, 1939 — Dec. 13, 2023 Photo: Cassan Family James Cassan, owner of CMC Investments Inc., a Dollar Rent A Car licensee with locations in Seattle and Portland, died on Dec. 13. He was 18 days shy of his 84th birthday. Cassan was born Dec. 31, 1939, in Portales, N.M., to Dora (Wichman)… Continue reading In Memoriam: James Cassan, Dollar Franchise Pioneer
ICRS 2024: How to Build Successful Next-Gen Leaders
By using firsthand experiences, this diverse panel will discuss how attendees can support their team members to overcome self-limiting beliefs, create trust, and build teamwork. Graphic: Bobit How can you develop the leadership ability of your car rental team? Overcoming adversity and fostering personal growth are key themes to help build your company’s leadership potential.… Continue reading ICRS 2024: How to Build Successful Next-Gen Leaders
Flexter.com, Green Motion Partner on Short-Term Truck Rental Reservations
Flexter.com users will now have access to a diverse fleet of short-term truck rentals offered by Green Motion/U-Save. Graphic: Flexter / Green Motion Flexter.com, a reservation platform for the short-term truck rental industry, has partnered with Green Motion/ U-Save, a provider of low CO2 car and van rentals, to list its inventory on the Flexter… Continue reading Flexter.com, Green Motion Partner on Short-Term Truck Rental Reservations
Zoomcar, CARS24 Expand Support for Carsharing Hosts
Used cars, known for their practicality and affordability, present a long-term option for Zoomcar hosts who can also upgrade their current vehicles on CARS24. Photo: Zoomcar Zoomcar, a marketplace for car sharing in emerging markets, and CARS24, an AutoTech platform for used cars in India, have joined to provide more support for local car-sharing hosts,… Continue reading Zoomcar, CARS24 Expand Support for Carsharing Hosts
Hertz Records Q4 Losses Amid EV Fleet Fallout
Hertz attributes recent quarterly losses to the sell off of electric rental vehicles. It is also shelving the purchase of Polestar EV models, like the Polestar model 2 pictured here. Photo: Martin Romjue / Bobit Hertz Global Holdings, Inc. reported results on Feb. 6 for its fourth quarter and full year 2023 that show a… Continue reading Hertz Records Q4 Losses Amid EV Fleet Fallout
Hertz Nixes Plans to Buy Polestar Electric Vehicles
Hertz in 2022 had agreed to buy 65,000 Polestar vehicles in a five-year deal as part of its drive to convert 25% of its rental fleet to EVs by the end of 2024. Photo: Polestar Hertz has backed off plans to buy tens of thousands of Polestar electric vehilces this year, citing a collapse of… Continue reading Hertz Nixes Plans to Buy Polestar Electric Vehicles
Fleet Sales Start Year Slightly Up
Total fleet sales for January 2024 rose 3.1%, from 154,379 in January 2023 to 159,159 last month. Graphic: Bobit Sales into the three primary fleet sectors got off to a mixed and incomplete start in the new year following a stellar finish for 2023 that crossed the 2 million sales mark. Total fleet sales for… Continue reading Fleet Sales Start Year Slightly Up