Author: Auto Rental International Online News

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

Public Charging Landscape Deteriorating, J.D. Power Study Finds

Public charger availability not only remains the least satisfying aspect of owning a BEV, but also that the experience has become notably worse, particularly among non-Tesla owners. Photo: J.D. Power/Canva/Automotive Fleet Despite the difference in how battery electric vehicles and internal combustion engine vehicles are powered, what vehicle owners look for in the two remains the same.… Continue reading Public Charging Landscape Deteriorating, J.D. Power Study Finds

ICRS 2024: Understanding the Post-Pandemic Wholesale Market

This seminar looks at an overview of the current wholesale market and emerging trends on the horizon. Graphic: Bobit As the wholesale market returns to a more stable state, what does the new normal look like? In this International Car Rental Show seminar, attendees will get a more detailed look into the current wholesale and used retail… Continue reading ICRS 2024: Understanding the Post-Pandemic Wholesale Market