The core stats of the annual industry reference evolve from a comprehensive rental fleet operator outlook survey. Cover: Auto Rental News Welcome to the 36th annual digital edition of the 2024 Auto Rental News Fact Book. This year’s volume gleans data from the most thorough original operator survey conducted by Bobit, owner of Auto Rental… Continue reading 2024 Auto Rental News Fact Book Arrives Online
Author: Auto Rental International Online News
Auto Market Forecast for 2024: The Old Normal
In the wholesale market, Manheim operations are expected to experience constrained growth with a volume increase of less than 1%. While the volumes of repossessions, rentals, and off-lease vehicles are expected to increase compared to the previous year, they are still likely to remain below pre-pandemic levels. Photo: Cox Automotive For the U.S. auto market,… Continue reading Auto Market Forecast for 2024: The Old Normal
2023 Fleet Vehicle Sales Soar Past 2 Million Mark
The December spike in rental fleet sales pushed up overall sales for the month, leading to a stronger cap for the year. Graphic: Bobit U.S. fleet vehicle sales passed another post-pandemic milestone in 2023 as supply chain kinks straightened out and vehicles inventory available to fleets ramped up, according to Bobit/Automotive Fleet sales data released… Continue reading 2023 Fleet Vehicle Sales Soar Past 2 Million Mark
Industry Trends: What’s Driving the Rental Market Today?
One trend among rental companies is seeking different technology options to streamline their operations. Graphic: Bobit This cover article appears in the recently published 2024 Auto Rental News Fact Book. It’s been several years of ups and downs for the car rental industry. After the COVID-19 pandemic, rental operators experienced an unprecedented supply crisis coupled… Continue reading Industry Trends: What’s Driving the Rental Market Today?
A Fond Adieu to an Industry Friend
ACRA leader and industry advocate Joe Knight worked diligently to get ACRA from a place of infancy and instability to a trusted and respected organization that almost every car rental operation in America of any size belongs to. Photo: Joe Knight To everything there is a season, and as the seasons turn, we bid farewell… Continue reading A Fond Adieu to an Industry Friend
Annual U.S. Car Rental Revenue Tops Itself Again at $38.3 Billion
Slower growth in 2023 was expected, and even welcomed as it came with a return to more normalized seasonal fleeting and de-fleeting patterns. Graphic: Auto Rental News The U.S. car rental industry earned an estimated $38.3 billion in revenue in 2023, exceeding a “shattering record” from the previous year, according to data collected by Bobit… Continue reading Annual U.S. Car Rental Revenue Tops Itself Again at $38.3 Billion
Plenty of Electric Vehicles Available for Sale
EVs with higher-than-average inventory at the end of November included the Ford Mustang Mach E. Photo: Ford While EV sales volumes continue to increase, inventory levels are rising faster, according to Cox Automotive’s analysis of vAuto Available Inventory data released Dec. 14. New electric-vehicle supply at the end of November reached 114 days. EV inventory… Continue reading Plenty of Electric Vehicles Available for Sale
New-Vehicle Inventory Surpasses 2.5 Million, 71 Days’ Supply
As usual, Toyota, Honda, Kia and Subaru had the lowest supply among non-luxury brands at the start of December. Of luxury brands, Lexus, Land Rover, BMW, and Cadillac had the lowest. Graphic: Cox Automotive December opened with new-vehicle inventory at the highest level since early spring of 2021, according to Cox Automotive’s analysis of vAuto… Continue reading New-Vehicle Inventory Surpasses 2.5 Million, 71 Days’ Supply
Go Rentals Ready to Complete National Safety Training Program
Go Rentals specializes in luxury car rental services for business and leisure travelers including planeside private jet pickup services and high-touch, attentive service. Photo: energepic.com / Pexels Go Rentals, an elite car rental service company that also specializes in the private jet industry, will be the first automotive company to finish the new National Air… Continue reading Go Rentals Ready to Complete National Safety Training Program
18th Brazil Car Rental Forum Marks Historic Industry High
The International Forum of the Vehicle Rental Sector hosted by ABLA drew 1,500 attendees, up from 1,200 last year. Photo: ABLA For the first time, the Brazilian car rental sector’s annual trade event and conference on Nov. 21-22 featured simultaneous sessions in two auditoriums and occupied an 8,600 square foot area with nearly 40 exhibitors.… Continue reading 18th Brazil Car Rental Forum Marks Historic Industry High