Reluctant consumers remain concerned about EV charging infrastructure, range, and future resale values. Photo: Bullet EV Charging Solutions Catching trade winds is the fastest way for sailors to navigate across the ocean. Everyone loves it when the winds are at their back, but trouble can arise when the winds change, and they eventually do. The… Continue reading 3 Headwinds That Will Batter the Auto Industry
Author: Auto Rental International Online News
Used EV Prices Tank as Demand Craters
Only Tesla’s Model Y doesn’t make the top 10 list for price drops, while its other three all-electric models make the top 5. Photo: iSeeCars Used electric vehicle average prices have fallen more in the past year than prices in every other vehicle category, plummeting 33.7% compared to a 5.1% drop in overall average used… Continue reading Used EV Prices Tank as Demand Craters
Final UAW Strike Update: Contract Ratified
“Now, we take our strike muscle and our fighting spirit to the rest of the industries we represent, and to millions of non-union workers ready to Stand Up and fight for a better way of life,” said UAW President Shawn Fain. Photo: Canva After several weeks of strikes, UAW announced on Nov. 20 that members… Continue reading Final UAW Strike Update: Contract Ratified
How to Boost Revenues with AI Dynamic Pricing
AI dynamic pricing has worked successfully for rental fleets and carsharing services in the U.S. and United Arab Emirates. Graphic: Rexalto AMPE As the automotive industry becomes more competitive, manufacturers, dealerships and rental car companies are looking for creative ways to scale their business. Dynamic pricing, also known as surge or demand pricing, is an innovative… Continue reading How to Boost Revenues with AI Dynamic Pricing
OPENLANE Combines BacklotCars, Off-Lease Vehicles into New Marketplace
Available on mobile app and desktop, the OPENLANE U.S. digital marketplace offers multiple, flexible sale formats to align with the buying habits, schedules, and preferences of its customers. Graphic: OPENLANE OPENLANE, Inc., an operator of digital marketplaces for wholesale used vehicles, announced Nov. 20 the launch of its branded U.S. digital marketplace. The consolidated platform… Continue reading OPENLANE Combines BacklotCars, Off-Lease Vehicles into New Marketplace
Green Motion Expansion Hits 70 Countries
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
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