Ford has been achieving EV sales growth at twice the rate of the EV segment. That will change as General Motors begins its EV push, with nine EV models expected on the market by the end of 2023. Photos: Chris Brown/Canva The electric vehicle rollercoaster has, over the past year, seen record-setting sales, price hikes,… Continue reading Electric Vehicles — Where are the Profit Margins?
Author: Auto Rental International Online News
UFODrive Partners with CarTrawler on EV Rentals
The company said the new relationship signifies a growing demand worldwide for electric vehicles. Photo: UFODrive UFODrive, an app-based EV rental company, announced a new partnership with CarTrawler, a global B2B provider of car rental and mobility solutions to the travel industry. CarTrawler’s end-to-end technology platform is already used by United Airlines, American Express, easyJet, Alaska Airlines, SWISS, Hotels.com and… Continue reading UFODrive Partners with CarTrawler on EV Rentals
Green Motion Responds to Relief Efforts in Turkey & Syria
Green Motion’s Leicester franchise team members answered the call for supplies after the recent major catastrophe in Europe and plans to send additional supplies in the coming weeks. Photo: Green Motion Following the 7.8 magnitude earthquakes hitting Turkey and Syria this week, Green Motion’s United Kingdom team responded to calls for help from a Turkish… Continue reading Green Motion Responds to Relief Efforts in Turkey & Syria
Car Rental’s Remarketing Trends: 2022 Data
It’s no secret that average wholesale prices increased in every model class comparing 2019 to 2022. Find out which classes saw the biggest gains and why, along with prognostications for supply, mileage, and pricing moving forward. Photo: Canva Vehicle prices can be as temperamental as the weather, but Auto Rental News gathered data from the… Continue reading Car Rental’s Remarketing Trends: 2022 Data
Carwiz Expands to Slovenia
Carwiz Slovenia will serve customers at the International Ljubljana Airport, as well as Ljubljana, Maribor, and Koper. Photo: Carwiz Carwiz International welcomed Slovenia to its family of countries, with a franchise purchased by ABmobil rent d.o.o. “After last year’s successful performance in the Croatian rent–a–car market, where under the Carwiz franchise we ranked among the top three largest… Continue reading Carwiz Expands to Slovenia
Enterprise: Length of Rental Up 1.7 Days Year Over Year
Hawaii had the lowest LOR in the country at 13.7 days, an increase of 0.8 days compared to Q4 2021. Source: Enterprise Enterprise Rent-A-Car has released its Length of Rental (LOR) data for Q4 2022. According to the data report, LOR was up 1.7 days (at 18.7 days in Q4 2022) year over year and… Continue reading Enterprise: Length of Rental Up 1.7 Days Year Over Year
Avis Budget Launches EV Charging Stations at Houston Airport
EverCharge’s load balancing software, SmartPower, enables large-scale, networked EV charging by managing and controlling electric loads and analyzing the charging patterns of EVs. Photo: Avis Avis Budget Group and EverCharge, an SK Group company and provider of large-scale electric vehicle (EV) charging devices, have launched EV charging stations at Houston’s George Bush International Airport, according to a Jan. 26… Continue reading Avis Budget Launches EV Charging Stations at Houston Airport
5 Takeaways from Ford, GM’s Earnings Calls
Ford and General Motors were questioned on whether efforts to build out EV factories and source critical battery materials were progressing according to plan. So far, the answer from both was yes. Image: Canva Earnings season is upon us, always a good time to measure the headwinds and tailwinds of the automotive industry and dissect… Continue reading 5 Takeaways from Ford, GM’s Earnings Calls
Fleet Sales Jump YOY in January
Now at 16.5%, fleet market share is estimated to have gained 3.3% market share compared to last year’s share of 13.2%. That is a 2.3% share gain compared to last month’s 14.2% market share. Graphic: Cox Automotive Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 58% year over year in… Continue reading Fleet Sales Jump YOY in January
In Memoriam: Jeffrey James Schoepfel
Schoepfel grew his operation from a single location to become one of the largest Hertz/Dollar/Thrifty franchisees in North America. Photo: Jessica Schoepfel/Canva A Hertz/Dollar/Thrifty franchise pioneer, Jeffrey James Schoepfel, died on December 11, 2022. He was born in Rochester, N.Y. in 1961. Schoepfel was the founder and president of GSP Transportation, a company he launched in… Continue reading In Memoriam: Jeffrey James Schoepfel