The company is bringing together all of its sellers, buyers, and vehicles under openlane.eu on the European continent and under openlane.co.uk in the U.K. Graphic: OPENLANE Adesa Europe, a subsidiary of OPENLANE, is rebranding to OPENLANE Europe following a consolidation of digital marketplaces earlier this year. In May 2023, OPENLANE Europe’s parent company in North… Continue reading Adesa Rebrands to OPENLANE in Europe
Author: Auto Rental International Online News
In Memoriam: Joe Knight, Car Rental Industry Veteran
Knight began his career in car rental at age 19 and worked in the industry until his passing at 77. He was a tireless advocate for smaller rental companies. Photo: Al Lozano Joe Knight, car rental industry veteran and former president of the American Car Rental Association (ACRA), died on Nov. 26 in Fontana, California… Continue reading In Memoriam: Joe Knight, Car Rental Industry Veteran
Vehicle Markets in Flux: How Are Fleets Doing?
Tyson Jominy, vice president of data and analytics at JD Power, told conference attendees that most vehicle buying segments are trailing fleet since fleet operations are willing to pay top dollar for vehicles, which prompts the automakers to sell more into fleet and keep the retail prices high. He spoke Nov. 9, 2023 at the… Continue reading Vehicle Markets in Flux: How Are Fleets Doing?
U-Save Celebrates Its Official Launch in Italy
The new U-Save team at the Bologna International Airport exults in the milestone of opening their first franchise car rental location in Italy. Photo: U-Save The franchised American car rental company U-Save celebrated the official arrival of the brand in Italy with the grand opening of their flagship operation at the Bologna International Airport, the… Continue reading U-Save Celebrates Its Official Launch in Italy
Finalrentals Opens Outlet in Puerto Rico
Founder and CEO Ammar Akhtar emphasizes that the franchise will continue to prioritize exceptional customer experiences. Photo: Finalrentals Finalrentals recently launched in Puerto Rico as part of an expansion across the Caribbean and American peninsula, the company announced Nov. 28. Puerto Rico is the starting point for the company’s further growth throughout the Caribbean and… Continue reading Finalrentals Opens Outlet in Puerto Rico
3 Headwinds That Will Batter the Auto Industry
Reluctant consumers remain concerned about EV charging infrastructure, range, and future resale values. Photo: Bullet EV Charging Solutions Catching trade winds is the fastest way for sailors to navigate across the ocean. Everyone loves it when the winds are at their back, but trouble can arise when the winds change, and they eventually do. The… Continue reading 3 Headwinds That Will Batter the Auto Industry
Used EV Prices Tank as Demand Craters
Only Tesla’s Model Y doesn’t make the top 10 list for price drops, while its other three all-electric models make the top 5. Photo: iSeeCars Used electric vehicle average prices have fallen more in the past year than prices in every other vehicle category, plummeting 33.7% compared to a 5.1% drop in overall average used… Continue reading Used EV Prices Tank as Demand Craters
Final UAW Strike Update: Contract Ratified
“Now, we take our strike muscle and our fighting spirit to the rest of the industries we represent, and to millions of non-union workers ready to Stand Up and fight for a better way of life,” said UAW President Shawn Fain. Photo: Canva After several weeks of strikes, UAW announced on Nov. 20 that members… Continue reading Final UAW Strike Update: Contract Ratified
How to Boost Revenues with AI Dynamic Pricing
AI dynamic pricing has worked successfully for rental fleets and carsharing services in the U.S. and United Arab Emirates. Graphic: Rexalto AMPE As the automotive industry becomes more competitive, manufacturers, dealerships and rental car companies are looking for creative ways to scale their business. Dynamic pricing, also known as surge or demand pricing, is an innovative… Continue reading How to Boost Revenues with AI Dynamic Pricing
OPENLANE Combines BacklotCars, Off-Lease Vehicles into New Marketplace
Available on mobile app and desktop, the OPENLANE U.S. digital marketplace offers multiple, flexible sale formats to align with the buying habits, schedules, and preferences of its customers. Graphic: OPENLANE OPENLANE, Inc., an operator of digital marketplaces for wholesale used vehicles, announced Nov. 20 the launch of its branded U.S. digital marketplace. The consolidated platform… Continue reading OPENLANE Combines BacklotCars, Off-Lease Vehicles into New Marketplace