Author: Auto Rental International Online News

Turo Finds Car Ownership Falling as Inflation Rises

The high cost of ownership was the main reason over half of those surveyed said they planned to not own a vehicle in the future. More Canadians are concerned about the monetary pressures of car ownership because of high inflation and cost-of-living increases, finds the second annual Car Ownership Index from Turo in partnership with Leger. The… Continue reading Turo Finds Car Ownership Falling as Inflation Rises

Used Vehicle Values Finish Q1 Up 8.6%

Seven of eight major market segments continued to see seasonally adjusted wholesale used-vehicle prices that were lower year over year in March. Graphic: Cox/Manheim The Manheim Used Vehicle Value Index (MUVVI) increased 8.6% in the first quarter, ending March at 238.1, figures released April 7 show. The MUVVI has now risen for four consecutive months… Continue reading Used Vehicle Values Finish Q1 Up 8.6%

March Fleet Sales Rise, Rental Up 46% YOY

Fleet sales were expected to increase as new-vehicle inventory improved, but the fleet sales pace has come back more quickly than expected. Graphic: Cox Automotive Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 27.7% year over year in March to 225,200 units, according to an early estimate from Cox Automotive… Continue reading March Fleet Sales Rise, Rental Up 46% YOY

The New Advantage and Mex Rent A Car Enter Global Partnership

The Advantage-MEX partnership includes a new corporate structure to streamline operations and improve the customer experience. Photo: Advantage/MEX Rent A Car Advantage Car Rental and MEX Rent A Car partnered to transform both brands through innovative technologies, forward-thinking processes, and novel ways to rent vehicles.  The companies plan to leverage each other’s strengths to provide… Continue reading The New Advantage and Mex Rent A Car Enter Global Partnership

Getaround Expands Rollout of Carshare Partnership with the NYC DOT

With these latest new location additions, there will be approximately 111 total Getaround carsharing locations in New York City. Photo: Getaround Getaround, a connected carsharing marketplace, has installed 83 additional carshare locations as part of its new, expanded participation in the New York City Department of Transportation’s (DOT) carsharing program. Through the DOT’s carshare program, hundreds of carshare… Continue reading Getaround Expands Rollout of Carshare Partnership with the NYC DOT

Europcar Names New Group CEO

Peter Gowers is stepping down after leading Europcar Mobility Group to record financial results. Europcar Mobility Group has named Alain Favey as the new Chairman of the Management Board and Group Chief Executive Officer of (Paris:EUCAR), effective June 1. Favey, currently a member of the Board for Sales and Marketing at Bentley Motors Ltd., will succeed Peter… Continue reading Europcar Names New Group CEO

Getaround Expands NYC DOT Carshare Partnership

Getaround’s  patented Connect Cloud technology delivers contactless  access to shared vehicles across the city. Getaround Getaround will install 83 additional carshare locations as it expands participation in the New York City Department of Transportation’s (DOT’s) carsharing program. The latest installation of Getaround spaces includes: 28 new locations in Manhattan 21 new locations in the Bronx 18 new… Continue reading Getaround Expands NYC DOT Carshare Partnership

Employee Ownership as a Succession Planning Option

Image Courtesy of Abobe Stock  Employee Ownership as a Succession Planning Option Many successful business owners delay succession planning because they are too busy running their companies, they lack the time to focus on a complex subject outside of their comfort zone or they enjoy working and don’t know how they will fill their time… Continue reading Employee Ownership as a Succession Planning Option

White House Lauds Hertz Electrification Strategy

White House recognizes Hertz for its electrification efforts. Hertz  The Biden-Harris Administration has recognized Hertz as a key company moving fleet electrification forward, reports a Hertz Tweet. “This morning, Hertz was recognized by The White House for our efforts to expand access to electric vehicles across the country. Demand for EV rentals is growing and… Continue reading White House Lauds Hertz Electrification Strategy