CAR 2024 emcee Charlie Vogelheim (L) moderates outlook panel with Jeremy Robb, senior director of economic and industry insights at Cox Automotive, John Coles, senior director of data science and analytics at ACV Auctions, Dr. Alex Yurchenko, senior VP, and chief data science officer at Black Book and MOTOR, and Tom Kontos, chief economist at ADESA… Continue reading Supply, Lease-Returns, and Interest Rates Driving Near-Term Vehicle Market
Author: Auto Rental International Online News
U-Save Signs On Franchisee at Houston Airport
U-Save President Richard Lowden (L) offcially welcomes Houston International Airport franchisee Mateen Shah. Photo: U-Save U.S. car rental franchise brand U-Save recently launched its latest U.S. operation with the sale of their franchise at the Houston International Airport. Mateen Shah, an independent operator looking to further expand his business, acquired the franchise, formally signed in… Continue reading U-Save Signs On Franchisee at Houston Airport
NextCar, Priceless Add Execs to Leadership Team
Jon Dill and Penny Sottile are now on the operations support team for NextCar and Priceless. Photo: Priceless, NextCar NextCar and Priceless recently announced that Jon Dill and Penny Sottile have joined their operations support team. At the start of Dill’s career in 1997, he reported for duty washing cars. With a career spanning all… Continue reading NextCar, Priceless Add Execs to Leadership Team
April 2024 Fleet Sales Lose Q1 Momentum
In sum, total April 2024 fleet sales stood at 202,309, down 5.6% from 214,362 in April 2023. So far in 2024, total monthly fleet sales have fallen year-over-year in March and April, while rising in January and February. Graphic: Bobit In recent months, the three primary fleet sectors each have lurched among gains and losses… Continue reading April 2024 Fleet Sales Lose Q1 Momentum
DriveItAway Expands Vehicle Access Through Micro-Lease Program
The extenson of a micro-leasing program to dealers marks a milestone for DriveItAway, which now has the potential to offer quality used vehicles to hundreds of thousands of prospects shut out of the market, said DriveItAway founder and CEO John Possumato. Photo: DriveItAway DriveItAway Holdings, Inc., a provider of new automotive industry digital mobility platforms… Continue reading DriveItAway Expands Vehicle Access Through Micro-Lease Program
Length of Rental Numbers Show Steady Decreases from Post-COVID Highs
West Virginia had the highest overall LOR at 21.8 days, a 0.6-day increase from Q1 2023. Colorado had the second-highest LOR at 21.1 days, followed by Rhode Island (20.9) and Alaska (20.7). North Dakota had the lowest LOR with 13.1 days, a 1.5-day drop from Q1 2023. Hawaii wasn’t far behind at 13.2 days, followed… Continue reading Length of Rental Numbers Show Steady Decreases from Post-COVID Highs
York Car Rental Expands Presence in California and Texas
York Car Rental added a rental fleet recently near the George Bush Intercontinental Airport in Houston. Photo: York Car Rental York Car Rental recently opened rental car outlets at two major U.S. airports: George Bush Intercontinental Airport in Houston and the San Diego International Airport. These openings mark a milestone in the company’s growth of… Continue reading York Car Rental Expands Presence in California and Texas
More Customers Satisfied with Airline, Auto Rental Travels
Customer satisfaction with car rentals, up 1% to 77, continues to rise from a low point in 2022 as demand stabilizes and companies upgrade their IT infrastructures to better manage fleets and provide more frictionless experiences for customers. Photo: National Car Rental If last year’s industrywide customer satisfaction improvement pointed to the travel industry returning… Continue reading More Customers Satisfied with Airline, Auto Rental Travels
U-Save Arranges Nicaragua Rental Car Franchise
(L to R): Richard Lowden, President, U-Save International; Maria Jose Zuniga, General Manager, U-Save Nicaragua; Brenda Azua, Chief Americas Officer, U-Save International. Photo: U-Save American car rental franchise brand U-Save signed master country franchise agreement during the recent International Car Rental Show to extend its brand into Nicaragua. The U-Save Master Country franchise was acquired by Juan… Continue reading U-Save Arranges Nicaragua Rental Car Franchise
Rental Car Market Outlook Spans Strong Macros and Mixed Micros
Northcoast Research’s John Healy (L) joined ICRS/ARN’s Chris Brown for a rental car market overview on April 15 at the International Car Rental Show in Las Vegas. Photo: Martin Romjue / Bobit The big picture economic and market forecast for auto rental should give operators confidence for growth and at least some direction in confronting… Continue reading Rental Car Market Outlook Spans Strong Macros and Mixed Micros