Having the discipline to not lower rates is very hard, one operator says. If you don’t have strong accounting of true total cost of ownership, then you’ll make the wrong decision which is to go after market share, which can result in eventual losses. Graphic: Bobit Business Media The car rental market in 2024 ended… Continue reading Operator Outlook: Rental Rates, Costs, and Profits
Author: Auto Rental International Online News
U-Save Opens Rental Car Franchise in Northeast Florida
Ammar, Laila, and Juliana Shaktour, owners of the U-Save Car & Truck Rental franchise in Jacksonville, Florida. Photo: U-Save Car & Truck Rental U-Save Car & Truck Rental recently arranged its newest franchise location in Jacksonville, Florida. Jacksonville. Ammar Shaktour, the new owner of U-Save Jacksonville, brings years of entrepreneurial experience and a passion for… Continue reading U-Save Opens Rental Car Franchise in Northeast Florida
Operator Outlook: 2024 Fleet Volume Varies as Fleet Cycling Eases
Holding cars longer and aging them does help preserve the residual value of units as long as you can keep the accumulated miles under control, one operator said. Photo: Martin Romjue / Bobit Business Media Rental car company owners and operators recently shared their views and analysis about how their fleets performed during the course… Continue reading Operator Outlook: 2024 Fleet Volume Varies as Fleet Cycling Eases
U.S. EV Sales Push to Record 1.3 Million in 2024
General Motors and Honda Motor Co., which together sold nearly 80,000 more EVs in 2024 than in 2023. Hyundai Motor Group and Ford Motor Company also notably increased EV sales last year. Graphic: Cox Automotive Sales of electric vehicles in the U.S. jumped 15.2% year over year in the fourth quarter of 2024 to 365,824,… Continue reading U.S. EV Sales Push to Record 1.3 Million in 2024
Operator Outlook: Rental Fleet Vehicle Market Improves
Rental fleet operators address how they fared in the fleet vehicle purchasing market in 2024. Photo: Midway Car Rental 2025 marks the midpoint of an active decade redefined by that once-in-a-lifetime black swan event everyone may try to forget but lingers in the collective vocabulary. For public-facing, service-driven business sectors such as auto rental, the… Continue reading Operator Outlook: Rental Fleet Vehicle Market Improves
Auction Vehicle Sales Mark Another Rebound Year
Across vehicle age groups, auction sales rose nearly 8% year-over-year in 2024 for 0–to-2-year-old vehicles, which includes a heavy mix of rental fleet units. Graphic: AuctionNet Total full-year AuctionNet wholesale sales reached 6.74 million vehicles, up 9.6% versus 2023’s full-year total, according to AuctionNet data released Jan. 10. Auction sales have now increased for two… Continue reading Auction Vehicle Sales Mark Another Rebound Year
SIXT USA Opens Rental Car Branch at New Orleans Airport
SIXT North America president Tom Kennedy (center) and team at the grand opening of the New Orleans airport location. Photo: SIXT SIXT USA recently opened its newest U.S. location at Louis Armstrong New Orleans International Airport (MSY). The opening marks SIXT’s first branch in Louisiana and expands the company’s presence to 51 U.S. airports and more than… Continue reading SIXT USA Opens Rental Car Branch at New Orleans Airport
Business Truths That Never Expire
“Exceeding Customer Expectations: What Enterprise Can Teach You About Creating Lifetime Customers,” by author Kirk Kazanjian tells the Enterprise Rent-A-Car story and how it pursued lasting success. Photo: Enterprise A new industry friend ordered me a book online this year as we shared an Uber ride from an airport to an event. I had just… Continue reading Business Truths That Never Expire
Electric Vehicles Still Destined to Succeed
EVs will soon be far superior to ICE vehicles that only a handful of enthusiasts will choose to buy. The range keeps getting longer, charging times shorter, and across the country chargers, more chargers are coming online. Photo: Volvo Now that the election has concluded, we may have a little more visibility into the future… Continue reading Electric Vehicles Still Destined to Succeed
Car Rental Is Still a People Business
“Your employees are the bridge between tech and customer experience. They can turn a frustrated renter’s bad day into a loyal customer.” Photo: Auto Rental News The car rental industry has finally exited the roller coaster of the post-pandemic years. That’s a welcome development, as vehicle supply is no longer an issue, and fewer irate… Continue reading Car Rental Is Still a People Business