The 2019 Cadillac XT5 SUV has also dropped in value along with all sports, compact, midsize, and luxury cars. Photo: Cadillac Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased by 4.2% in June, which was a record for June and partially due to seasonal adjustments and multiple holiday weekends among other… Continue reading Used, Wholesale Vehicle Values Down by a Record for June
Author: Auto Rental International Online News
Rent-A-Wreck Opens Franchise in Costa Rica
Maria Jose Zuniga will lead the company’s expansion into Costa Rica. Rent-A-Wreck Rent-A-Wreck opens its newest and first Central American location in Costa Rica, allowing its customers to explore all the incredible country has to offer. Maria Jose Zuniga will head the new location. Zuniga is a trailblazing pioneer in the car rental industry who… Continue reading Rent-A-Wreck Opens Franchise in Costa Rica
Green Motion Adds New Switzerland Location
The Green Motion Zurich team pictured left to right: Yesim Yasemin Tomruk and Naim Tomruk. Green Motion Green Motion signed its latest franchise in Zurich, Switzerland, continuing the company’s rapid expansion through Western Europe. Car rental entrepreneur Yesim Yasemin Tomruk has acquired the franchise, bringing a wealth of experience and passion for sustainable mobility solutions to… Continue reading Green Motion Adds New Switzerland Location
June Fleet Sales Spike Year-Over-Year
Sales into rental fleets were up 85.4% year over year, sales into government fleets were up 40.9%, and sales into commercial fleets were up 14.6%. Graphic: Cox Automotive Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 44.6% year over year in June to 217,572 units, according to an early estimate… Continue reading June Fleet Sales Spike Year-Over-Year
Graves Amendment Upheld in Loaner Vehicle Rental
The court found the Graves Amendment prevents rental and leasing car companies from being held liable for customers’ accidents while driving their vehicles Pexels In Massachusetts, dealerships that lend a courtesy car to customers while their car is being fixed are federally protected from liability if the courtesy car is in an accident. This protection overrides a… Continue reading Graves Amendment Upheld in Loaner Vehicle Rental
Joe Knight Joins Easirent as a Consultant
Joe Knight has been a long-standing member of ACRA, serving as president from 2012 to 2017. Easirent Joe Knight, an accomplished veteran of the car rental industry, has joined Easirent as its new Business Development Consultant, according to CEO Paul Hanley. “The entire Easirent team and I are pleased and excited to be working with… Continue reading Joe Knight Joins Easirent as a Consultant
Enterprise Holdings Continues Global Expansion
In May, Enterprise South Africa opened its first location at the Cape Town International Airport. Enterprise South Africa Enterprise Holdings announces new franchise locations in Morocco, South Korea and South Africa, continuing the rental car company’s global expansion. On June 26, Enterprise opened its first branch in Morocco near the Marrakech-Menara International Airport. On July… Continue reading Enterprise Holdings Continues Global Expansion
Contactless Rentals: A Catalyst to Rethink the Customer Journey
Car rental distributor Wisecars has partnered with Liigu, a contactless rental provider, and is displaying Liigu’s app during the booking journey for clarity. Wisecars As more and more contactless rental providers enter the market, distributors find themselves at a crossroads about how to approach the shifting landscape of mediating a car rental booking. Gone… Continue reading Contactless Rentals: A Catalyst to Rethink the Customer Journey
Lordstown Motors Files for Bankruptcy
Lordstown has filed motions with the court seeking authority to commence a marketing and sale process under section 363 of the U.S. Bankruptcy Code to realize the full value of its Endurance vehicle and related assets. Photo: Lordstown Motors Lordstown Motors announced it has filed for bankruptcy, as the company will be undergoing a strategic restructuring process to maximize the value… Continue reading Lordstown Motors Files for Bankruptcy
Time to Round Up Remarketers for Major Industry Event
A scene from the 2022 IARA Summer Roundtable in Nashville, Tennessee, where alliance leaders and members gather for pow-wows on leading industry issues and challenges. Photo: Martin Romjue / Bobit For more than 20 years, the International Automotive Remarketers Alliance has been hosting an annual Summer Roundtable conference bringing together the multiple sectors of vehicle… Continue reading Time to Round Up Remarketers for Major Industry Event