Used-vehicle listing prices have been below $27,000 since the beginning of July. Graphic: Cox Automotive Used-vehicle inventory volume and days’ supply are tighter year over year at the start of October, according to the Cox Automotive analysis of vAuto Available Inventory data released Oct. 6. The total supply of unsold used vehicles on dealer lots… Continue reading Used Vehicle Supply Tightens as October Starts
Author: Auto Rental International Online News
Wholesale Used-Vehicle Prices Increase in September
The major market vehicle segments saw seasonally adjusted prices that were mostly lower year over year in September. Compared to September 2022, vans and SUVs lost less than the industry. Graphic: Cox Automotive Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 1% in September from August, according the Manheim Used Vehicle… Continue reading Wholesale Used-Vehicle Prices Increase in September
Used Vehicle Values Showing Balance After Steep Declines in Q2
Major vehicle market segments saw seasonally adjusted prices that were mostly lower year over year in September. Photo: iSeeCars The Manheim Used Vehicle Value Index (MUVVI) stabilized to end the third quarter with a steady September, following a period of fluctuation with declines in the first half of the year and rebounding values in Q3,… Continue reading Used Vehicle Values Showing Balance After Steep Declines in Q2
Carwiz Sees Triple-Digit Growth at Five-Year Mark
The Carwiz executive team of (L to R): Borana Banushi, CCO; Krešimir Dobrilovic, CEO; and Vladimir Banovic, COO. Photo: Carwiz Carwiz International recently marked its anniversary as a franchise, celebrating a journey that started in Zagreb, Croatia, and evolved into a fast-growing rent-a-car franchise on a global scale. With 300 locations across 35 countries, Carwiz… Continue reading Carwiz Sees Triple-Digit Growth at Five-Year Mark
7 Smart Ways to Crack Down on San Francisco Car Thieves
Criminals have innovated, and governments and businesses need to innovate too in stopping rampant car thieves. Photo: Pixabay / The Digital Way American Car Rental Association president Sharky Laguna is someone who runs a small business renting vans in San Francisco. He has consoled countless customers who’ve had their belongings stolen from his vehicles. He’s… Continue reading 7 Smart Ways to Crack Down on San Francisco Car Thieves
U.S. Car Rental Operators: Take Our Business Outlook Survey
Photo: Bobit/Canva To better understand the car rental market in the United States, Auto Rental News is conducting a short, two-minute business outlook survey of franchised and independent (non-corporate) auto rental operations. The responses and an analysis, including comparisons to previous surveys, will be published in our annual Fact Book, mailing in December 2023. This survey is completely… Continue reading U.S. Car Rental Operators: Take Our Business Outlook Survey
Ryder Deploys Its First BrightDrop Electric Vehicles into Rental Fleet
To introduce these new EVs into the Ryder fleet, Ryder hosted “Ride & Drive” events for customers showcasing the BrightDrop vans, as well as EV chargers from ChargePoint. Photo: Ryder Ryder System, Inc. has deployed its first BrightDrop Zevo 600 electric vans at four Ryder facilities in California, Texas, and New York. The introduction of… Continue reading Ryder Deploys Its First BrightDrop Electric Vehicles into Rental Fleet
NAAA, IARA Collaborate on New Electric Vehicle Standards
The IARA and NAAA will focus on evolving best practices related to the safe handling and effective remarketing of EVs at auctions. Photo: Bullet EV Charging Solutions The National Auto Auction Association (NAAA) and International Automotive Remarketers Alliance (IARA) will work together on safety, standards, and education related to electric vehicles tailored to the remarketing… Continue reading NAAA, IARA Collaborate on New Electric Vehicle Standards
Car Rental Brands Partner with AutoRentals.com for Discounts
AutoRentals.com, launched in 2012, partners with more than 200 suppliers representing 825,000 locations worldwide. Photo: AutoRentals.com AutoRentals.com, rental comparison and online booking website, is marking its 11th anniversary celebration with exclusive discount offers effective Oct. 2. Since its launch in 2012, AutoRentals.com has fulfilled over 130 million search requests with 19.6 billion individually bookable rental… Continue reading Car Rental Brands Partner with AutoRentals.com for Discounts
Want to Speak at the 2024 ICRS?
2024 ICRS sessions are designed to give car rental operators from North America and abroad a wide range of education, networking opportunities, and exhibit hall interaction. Photo: Canva If you consider yourself an expert on a particular topic that addresses the spirit of the International Car Rental Show (ICRS) and would like to share your insight with… Continue reading Want to Speak at the 2024 ICRS?