ACRA leader and industry advocate Joe Knight worked diligently to get ACRA from a place of infancy and instability to a trusted and respected organization that almost every car rental operation in America of any size belongs to. Photo: Joe Knight To everything there is a season, and as the seasons turn, we bid farewell… Continue reading A Fond Adieu to an Industry Friend
Author: Auto Rental International Online News
Annual U.S. Car Rental Revenue Tops Itself Again at $38.3 Billion
Slower growth in 2023 was expected, and even welcomed as it came with a return to more normalized seasonal fleeting and de-fleeting patterns. Graphic: Auto Rental News The U.S. car rental industry earned an estimated $38.3 billion in revenue in 2023, exceeding a “shattering record” from the previous year, according to data collected by Bobit… Continue reading Annual U.S. Car Rental Revenue Tops Itself Again at $38.3 Billion
Plenty of Electric Vehicles Available for Sale
EVs with higher-than-average inventory at the end of November included the Ford Mustang Mach E. Photo: Ford While EV sales volumes continue to increase, inventory levels are rising faster, according to Cox Automotive’s analysis of vAuto Available Inventory data released Dec. 14. New electric-vehicle supply at the end of November reached 114 days. EV inventory… Continue reading Plenty of Electric Vehicles Available for Sale
New-Vehicle Inventory Surpasses 2.5 Million, 71 Days’ Supply
As usual, Toyota, Honda, Kia and Subaru had the lowest supply among non-luxury brands at the start of December. Of luxury brands, Lexus, Land Rover, BMW, and Cadillac had the lowest. Graphic: Cox Automotive December opened with new-vehicle inventory at the highest level since early spring of 2021, according to Cox Automotive’s analysis of vAuto… Continue reading New-Vehicle Inventory Surpasses 2.5 Million, 71 Days’ Supply
Go Rentals Ready to Complete National Safety Training Program
Go Rentals specializes in luxury car rental services for business and leisure travelers including planeside private jet pickup services and high-touch, attentive service. Photo: energepic.com / Pexels Go Rentals, an elite car rental service company that also specializes in the private jet industry, will be the first automotive company to finish the new National Air… Continue reading Go Rentals Ready to Complete National Safety Training Program
18th Brazil Car Rental Forum Marks Historic Industry High
The International Forum of the Vehicle Rental Sector hosted by ABLA drew 1,500 attendees, up from 1,200 last year. Photo: ABLA For the first time, the Brazilian car rental sector’s annual trade event and conference on Nov. 21-22 featured simultaneous sessions in two auditoriums and occupied an 8,600 square foot area with nearly 40 exhibitors.… Continue reading 18th Brazil Car Rental Forum Marks Historic Industry High
Celebrating Mentors, Industry Friends, and Joe
Joe Knight served as former president of the American Car Rental Association (ACRA) and as vice-president of airport concessions and properties at Fox Rent a Car for 22 years. Photo: Vincent Taroc / Bobit I couldn’t have been more than a year into my role as editor of Auto Rental News. There was a meeting at LAX,… Continue reading Celebrating Mentors, Industry Friends, and Joe
Wholesale Used-Vehicle Prices Decrease in November
The major vehicle market segments saw seasonally adjusted prices that were lower year over year in November compared to November 2022. Graphic: Cox Automotive Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 2.1% in November from October, according to the Manheim Used Vehicle Value Index (MUVVI), which dropped to 205, down… Continue reading Wholesale Used-Vehicle Prices Decrease in November
November Fleet Sales Results Mixed, Still Up YTD
Rental and government fleet sales saw slight increases while commercial fleet sales declined, November to November. Graphic: Bobit Sales into large commercial, rental, and government fleets among nine major vehicle manufacturers fell 8.9% in November compared to November 2022, according to Bobit/Automotive Fleet fleet sales data released Dec. 1. That decrease was slightly below the… Continue reading November Fleet Sales Results Mixed, Still Up YTD
Surprice Car Rentals Opens Greece Location, Wins Travel Award
Ioannina is the capital of the northern Greece province of Epirus and sits along Lake Pamvotita. Photo: Surprice Car Rentals International travelers can now add Ioannina, Greece to the list of locations where they can rent a car from Surprice Rental Cars, a global franchised auto rental provider serving more than 20 countries. Ioannina is… Continue reading Surprice Car Rentals Opens Greece Location, Wins Travel Award