The sale format — which represents a growing share of OPENLANE’s overall marketplace transactions — boosts buyer visibility and engagement, generating better returns for sellers. Graphic: OPENLANE OPENLANE on Aug. 6 launched its Automated Absolute Sale, a new tool that allows U.S. sellers to set a price threshold at the time of listing that moves… Continue reading OPENLANE Offers Faster Vehicle Wholesaling Tech Tool
Author: Auto Rental International Online News
Damaged Rental Cars See Faster Repairs but Stay Off Fleet Longer Than in 2019
Alaska had the highest overall LOR in Q2 2024 at 20.7 days, followed by Colorado and West Virginia, both at 19.4 days. New Mexico was right behind at 19.2 days. North Dakota had the lowest LOR at 11.1 days, with Washington, D.C. at 12.3 days and Iowa at 12.6 days. Montana had the largest LOR… Continue reading Damaged Rental Cars See Faster Repairs but Stay Off Fleet Longer Than in 2019
Carwiz Renews Its Five-Year Poland Franchise
Krešimir Dobrilović (R), CEO of Carwiz, with his car rental franchise counterpart in Poland. Photo: Carwiz Global rental car company Carwiz International recently renewed its five-year partnership with Carwiz Poland, which started as the company’s 12th franchise in 2019 with its first location in the Polish capital of Warsaw. Five years later, Carwiz has grown… Continue reading Carwiz Renews Its Five-Year Poland Franchise
2024 Fleet Sales Flatlined in July
The combined sales for the three fleet sectors in July totaled 147,543 vehicles, down 14% from the July 2023 total of 171,464 fleet vehicle sales. Graphic: Bobit Combined commercial, rental, and government fleet sales have collectively glided down for most of this year, resulting in a statistical 0% year-over-year tie as of July 31. Fleet… Continue reading 2024 Fleet Sales Flatlined in July
A Typical Business Day at the Largest NextCar/Priceless Franchise
A Typical Business Day at the Largest NextCar/Priceless Franchise – Rental Operations – Auto Rental News 0/12 August 2, 2024 Photo Gallery View Photo Gallery While the global brand name rental car operations capture much of the onsite airport business, a reliable tier of independent franchises fills a valued auto rental market niche with their… Continue reading A Typical Business Day at the Largest NextCar/Priceless Franchise
Cox Automotive Adds Vehicle Options Adjustments to MMR
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
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