Passengers and crew members can now enjoy the convenience of stepping into a rental car immediately after stepping off the plane. Photo: Pexels / Asad Photo Maldives Go Rentals, a car rental company specializing in the private aviation industry, announced on March 14 it has partnered with Beach Aviation Services to introduce planeside rental vehicle… Continue reading Go Rentals Opens New FBO Location in South Carolina
Author: Auto Rental International Online News
Hertz CEO Stephen Scherr to Step Down March 31
Scherr joined Hertz in February 2022 after spending nearly three decades at Goldman Sachs leading a range of strategic and operational functions. He departed the firm as chief financial officer in December 2021. Photo: Hertz / Graphic: Bobit After only slightly more than two years in his post, Hertz CEO Stephen Scherr will resign March… Continue reading Hertz CEO Stephen Scherr to Step Down March 31
Danish Car Subscription Service Expands in Europe with New Franchisee
Kosmocar is now unveiling Dribe’s concept and digital platform, enabling simple and intuitive management of car subscriptions, while short 30-day binding periods provide subscribers with flexibility and freedom. Photo: Dribe :Dribe, one of Denmark’s leading car subscription services, has entered a franchise agreement with Greek car distributor Kosmocar. The partnership marks the first milestone in… Continue reading Danish Car Subscription Service Expands in Europe with New Franchisee
New Vehicle Supply Dips in February But Still Far Above 2023
Of the top-selling 30 models, the ones with the lowest inventory were mostly Toyota and Honda models. The Toyota Grand Highlander remained at the lowest level, while the Ford Maverick and the Chevrolet Trax were the only domestics in the bottom 10. Graphic: Cox Automotive March opened with 76 days of supply across the industry,… Continue reading New Vehicle Supply Dips in February But Still Far Above 2023
What Rental Fleet EV Selloff Says About Future of Electrification
EV drivers often face long queues before charging while dealing with the complexity of 61,789 charging networks in the U.S. , Bluedot reports. Photo: Chargepoint The recent announcement by Hertz to sell off 20,000 electric vehicles, about a third of its EV rental fleet, has sparked a significant conversation about the state of electric vehicle… Continue reading What Rental Fleet EV Selloff Says About Future of Electrification
Sofiac Travel Introduces New Car Rental Management Software
The new software takes a customer-centric approach, applying tailored solutions to meet the diverse needs of car rental businesses. Photo: Markus Spiske / Pexels Sofiac Travel, a software company in the car rental industry, on March 13 launched Rentanium, a new car rental management system. Developed through direct collaboration with its customers worldwide, Rentanium is… Continue reading Sofiac Travel Introduces New Car Rental Management Software
New Vehicle Prices Down 5.4% from Peak
While vehicle price increases have slowed in the past year, the industry’s vehicle mix and shift toward luxury has tilted the U.S. auto market away from affordability. Photo: Erik McLean / Pexels The average transaction price of a new vehicle in the U.S. last month was $47,244, down 2.2% from February 2023 and down 5.4%… Continue reading New Vehicle Prices Down 5.4% from Peak
Spiffy Acquires NuVinAir To Better Clean Fleet Vehicles Inside and Out
The acquisition of NuVinAir allows Spiffy to extend its reach into new service categories, emphasizing health and cleanliness standards that consumers and fleet managers demand. Photo: Get Spiffy Get Spiffy, Inc., a mobile maintenance and detailing company, recently acquired NuVinAir, a provider of patented vehicle cleanliness solutions and proprietary machines. This strategic acquisition marks a… Continue reading Spiffy Acquires NuVinAir To Better Clean Fleet Vehicles Inside and Out
Wholesale Used-Vehicle Prices Decline in February
The major market vehicle segments saw seasonally adjusted prices that remained lower year over year in February. Graphic: Cox Automotive Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in February compared to January, according to the Manheim Used Vehicle Value Index (MUVVI) released March 7. The index fell to 203.8,… Continue reading Wholesale Used-Vehicle Prices Decline in February
Auto Rental Fleets Drive Overall Monthly Fleet Sales Momentum
Rental fleets rode to the rescue for monthly fleet sales, racking up a 45.7% YOY gain in February, leading to a 21.4% YOY overall gain. Graphic: Bobit Rental car fleets spurred the overall fleet sales advance in February and maintained the upward trend so far this year, according to Bobit/Automotive Fleet sales data released March… Continue reading Auto Rental Fleets Drive Overall Monthly Fleet Sales Momentum