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
Author: Auto Rental International Online News
Celebrating Mentors, Industry Friends, and Joe
Joe Knight served as former president of the American Car Rental Association (ACRA) and as vice-president of airport concessions and properties at Fox Rent a Car for 22 years. Photo: Vincent Taroc / Bobit I couldn’t have been more than a year into my role as editor of Auto Rental News. There was a meeting at LAX,… Continue reading Celebrating Mentors, Industry Friends, and Joe
Wholesale Used-Vehicle Prices Decrease in November
The major vehicle market segments saw seasonally adjusted prices that were lower year over year in November compared to November 2022. Graphic: Cox Automotive Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 2.1% in November from October, according to the Manheim Used Vehicle Value Index (MUVVI), which dropped to 205, down… Continue reading Wholesale Used-Vehicle Prices Decrease in November
November Fleet Sales Results Mixed, Still Up YTD
Rental and government fleet sales saw slight increases while commercial fleet sales declined, November to November. Graphic: Bobit Sales into large commercial, rental, and government fleets among nine major vehicle manufacturers fell 8.9% in November compared to November 2022, according to Bobit/Automotive Fleet fleet sales data released Dec. 1. That decrease was slightly below the… Continue reading November Fleet Sales Results Mixed, Still Up YTD
Surprice Car Rentals Opens Greece Location, Wins Travel Award
Ioannina is the capital of the northern Greece province of Epirus and sits along Lake Pamvotita. Photo: Surprice Car Rentals International travelers can now add Ioannina, Greece to the list of locations where they can rent a car from Surprice Rental Cars, a global franchised auto rental provider serving more than 20 countries. Ioannina is… Continue reading Surprice Car Rentals Opens Greece Location, Wins Travel Award
Adesa Rebrands to OPENLANE in Europe
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
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