CEO Richard Lowden said the company remains as focused on adding new markets as it is on growing within markets. Graphic: Green Motion Green Motion, the environmentally focused vehicle rental franchise system, recently achieved the landmark of expanding its brand into 70 countries across six continents with more than 600 locations. It has come a… Continue reading Green Motion Expansion Hits 70 Countries
Author: Auto Rental International Online News
Wholesale Used Vehicle Prices Decline in First Half of November
All major market segments saw seasonally adjusted prices that were again lower year over year in the first half of November. Pickups, SUVs, and vans lost less than the industry’s year-over-year decline of 5.3%, at 4.2%, 4.8%, and 5%, respectively. Graphic: Cox Automotive Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased… Continue reading Wholesale Used Vehicle Prices Decline in First Half of November
Which Electric Vehicles Charge the Fastest?
And the winner is. . .the Hyundai Ioniq 6, with an average speed of 868 miles per charging hour, or the equivalent of 100 miles of charge in just under seven minutes. Photo: Hyundai Charging an electric vehicle isn’t the same as filling up a gas tank. It does take longer to recharge an EV… Continue reading Which Electric Vehicles Charge the Fastest?
Avis Budget Group Realigns Upper Level Executives
Izzy Martins, Brian Choi, Jagdeep Pahwa, and Bernardo Hees all take on new titles and posts in the company as of Jan. 1. Graphic: Avis / Bobit Avis Budget Group, Inc. recently announced two new executive appointments marking a big change to its leadership team. Starting January 1, 2024, Izzy Martins, serving as executive vice president… Continue reading Avis Budget Group Realigns Upper Level Executives
Green Motion Adding Rental Car Services Across Malaysia
An operations manager (L) pictured with independent car rental entrepreneur Lokman Hakim Ibrahim, director of Green Motion Malaysia. Photo: Green Motion International car rental brand Green Motion recently signed a master country franchise agreement for Malaysia, further rounding out its expansion across the Asia Pacific Region. Acquired by independent car rental entrepreneur Lokman Hakim Ibrahim,… Continue reading Green Motion Adding Rental Car Services Across Malaysia
Used Vehicle Supply Limited at November Start
The average used-vehicle listing price of $26,533 at the beginning of November was down from the start of October and down 3% compared to the same period in 2022. Used-vehicle listing prices have been below $27,000 since the end of July. Graphic: Cox Automotive Used-vehicle inventory volume at the start of November was slightly higher… Continue reading Used Vehicle Supply Limited at November Start
3 Rental Companies Take Steps to Ease and Grow Booking Process
This collaboration brings together the operational expertise of three leading car and truck rental operators, and Flexter.com. Graphic: NP Auto Group NextCar, Priceless, and Rent-A-Wreck recently formed a strategic supplier partnership with Flexter.com, aimed at providing streamlined booking and a wide variety of vehicles to the truck rental industry. This collaboration brings together the operational… Continue reading 3 Rental Companies Take Steps to Ease and Grow Booking Process
The UAW Staged a Strike, and New Vehicle Supply Rose
As the strike began, GM was the most vulnerable, with its Cadillac and Chevrolet brands having the lowest inventory among domestic brands. Cadillac, still in early November, had the fifth lowest inventory among major brands with a 48 days’ supply. Graphic: Cox Automotive Despite UAW strikes at several plants throughout the month, new-vehicle inventory at… Continue reading The UAW Staged a Strike, and New Vehicle Supply Rose
Putting EV Battery Risks and Safety into Perspective
Matt Davis, senior engineering manager of EV battery solutions at Spiers Technology (L), and John White, director of environmental, health and safety at Cox Automotive, outlined critical steps for EV battery safety and fire prevention during a recent session. Photo: NAAA The downstream market for electric vehicles will only grow as the first major wave… Continue reading Putting EV Battery Risks and Safety into Perspective
Enterprise Rent-A-Car to Donate Vehicles to Veterans
Military veterans and members of the guard and reserves make up 8% of Enterprise Mobility’s total U.S. workforce, including those at the military installations Enterprise Mobility serves. Photo: Enterprise Mobility In observance of Veterans Day, Enterprise Rent-A-Car, the flagship brand of Enterprise Mobility, announced it is again partnering with Progressive Insurance to help donate vehicles to veterans and their families in need.… Continue reading Enterprise Rent-A-Car to Donate Vehicles to Veterans