Facing maxed out utilization across its fleet and high sticker prices for outright purchases, SacTesla needed to grow—and needed a creative way to extend their capital. Learn how they… Faced challenges growing their fleet despite their business success Expanded their fleet without large upfront costs Leveraged a pay-per-mile subscription to open the door to more… Continue reading How a Corporate Rental Company Uses a Unique Financing Model to Unlock Profits
Author: Auto Rental International Online News
Hertz Launches “Hertz Electrifies Orlando”
Hertz will add up to 6,000 rental EVs to its Orlando fleet to expand availability to rental customers and rideshare drivers. Hertz Hertz Chair and CEO Stephen Scherr and Orlando Mayor Buddy Dyer launched Hertz Electrifies Orlando, a public-private partnership aimed at accelerating electric vehicles (EV) adoption and expanding the environmental and economic benefits of electrification across Orlando. Under the partnership, Hertz will: Add up to… Continue reading Hertz Launches “Hertz Electrifies Orlando”
Getaround Acquires Most of HyreCar’s Assets
HyreCar customers will now have access to Getaround Connect, a contactless sharing platform for the carsharing industry. Photo: Canva HyreCar, a business that specializes in carsharing, ridesharing, and the delivery of food and packages, has declared that it will sell most of its possessions to Getaround in a transaction expected to close on or about May… Continue reading Getaround Acquires Most of HyreCar’s Assets
State Van Rental Resolved 50% More Damage Disputes
Learn how State Van Rental, an independent van rental company, has resolved 50% more damage disputes by implementing Record360. This digital solution helped the company transition from a limited paper-based damage recording process to a more accurate and efficient system that captures high-resolution photos and videos of their vans’ conditions. Delve into the success story… Continue reading State Van Rental Resolved 50% More Damage Disputes
Agenda Announced: Fleet Forward Tour Chicago
The Fleet Forward Tour Chicago speaker lineup features (left to right) Michael Terreri of Assetworks, Chris Brown from Bobit, Brittany Zwicker of Element, Ken Crowley of Village of Oak Park, Giordy Lem from City of Chicago, and Tim Cengel of Union Leasing. Photo: Bobit/Canva Fleet Forward: The Tour announces the agenda for its third stop of… Continue reading Agenda Announced: Fleet Forward Tour Chicago
Understanding the Importance of GM Envolve
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
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