Marketplaces are evolving to help fleets to track their vehicles, analyze fuel consumption, triage maintenance alerts, manage in-vehicle safety coaching, and now deploy EVs. Delivering those through a single point of contact and an established relationship is crucial. Photo: Canva A generation ago, getting fleet vehicles on the road involved a signed order, choosing from… Continue reading Understanding the Importance of GM Envolve
Author: Auto Rental International Online News
6 Trendlines from Q1 Earnings Calls for Stellantis, Ford & GM
A backlog of orders and pent-up demand for fleet and commercial customers is driving higher pricing and profitability in the segment. Photo: Canva/Automotive Fleet An aggregate analysis of the earnings calls from Ford, General Motors, and Stellantis provides a directional roadmap for the auto industry, with relevant news for fleets. With the 2023 first-quarter conference… Continue reading 6 Trendlines from Q1 Earnings Calls for Stellantis, Ford & GM
Falling EV Values Problematic for UK Fleets
The UK lacks enough chargers in the right places, and it’s not clear when this will change. Pexels, Rathaphon Nanthapreecha Falling electric vehicle residual values (RV) are “problematic” for fleets and action must be taken to improve their prospects in the used car market, finds an article in Business Motoring. Paul Hollick, chair of the Association of… Continue reading Falling EV Values Problematic for UK Fleets
Tips to Navigate the New Auction Environment
The days of marshalling vehicles at a physical auction yard are waning. New forms of virtual auctions allow buyers and sellers to attend multiple auctions in one day and for sellers to expand their buyer base — including overseas. Canva The pandemic has sped up the move to virtual and digital solutions, including in the… Continue reading Tips to Navigate the New Auction Environment
April Fleet Sales Stay Hot on Strength of Rental Market
The fleet market share of 17.5% was a 2.2% gain compared to last year’s share of 15.3% but was a 0.4% decrease from last month’s estimated 17.9% market share. Graphic: Cox Automotive Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 38.6% year over year in April to 214,362 units, according… Continue reading April Fleet Sales Stay Hot on Strength of Rental Market
Wholesale Used-Vehicle Prices Decline 3% March to April
All prices in key vehicle type categories were down year over year in April 2023. Graphic: Cox Automotive Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 3% in April from March, while the Manheim Used Vehicle Value Index (MUVVI) dropped to 230.8, down 4.4% from a year ago. April’s decrease was… Continue reading Wholesale Used-Vehicle Prices Decline 3% March to April
Why Are Used Vehicle Prices So High?
An incredible 83% of the lost sales volume came from the prime reservoir of used-car inventory: Lease turn-ins and rentals. Graphic: Cox Automotive Every year many automakers shut down their assembly plants to retool and prepare for the new model year or product changeover. Factory employees love shutdowns because they typically cash in on some… Continue reading Why Are Used Vehicle Prices So High?
CARWIZ Connects With Croatia Airlines
The FLY&DRIVE joint service offered by Croatia Airlines and CARWIZ International gives passengers who use both companies’ services a discount. CARWIZ Croatia Airlines and CARWIZ International have reached a business agreement that will expand their collaboration through the FLY&DRIVE project. The contract, signed at Croatia Airlines’ Technical Centre at Zagreb International Airport in the cockpit… Continue reading CARWIZ Connects With Croatia Airlines
Veico Car Rental Nominated for Top World Travel Award
Veico secured a nomination with a modern fleet of vehicles, affordable rates, and excellent customer service. Veico Veico Car Rental is a contender for Mexico’s Leading Car Rental Company in the approaching World Travel Awards 2023. The World Travel Awards is a prestigious global organization that recognizes and rewards excellence in the travel and tourism… Continue reading Veico Car Rental Nominated for Top World Travel Award
A VIN for All: New Tool Documents Vehicle Data Security Levels
Through the Vehicle Privacy Report, a vehicle owner or buyer can see exactly when and where a dealership or company transacting the vehicle deleted persona data to protect previous owners and users. Photo: Privacy4Cars Privacy4Cars, a data privacy-tech company that focuses on protecting personal data left on vehicles, launched a new tool May 2, called… Continue reading A VIN for All: New Tool Documents Vehicle Data Security Levels