All prices in key vehicle type categories were down year over year in April 2023. Graphic: Cox Automotive Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 3% in April from March, while the Manheim Used Vehicle Value Index (MUVVI) dropped to 230.8, down 4.4% from a year ago. April’s decrease was… Continue reading Wholesale Used-Vehicle Prices Decline 3% March to April
Author: Auto Rental International Online News
Why Are Used Vehicle Prices So High?
An incredible 83% of the lost sales volume came from the prime reservoir of used-car inventory: Lease turn-ins and rentals. Graphic: Cox Automotive Every year many automakers shut down their assembly plants to retool and prepare for the new model year or product changeover. Factory employees love shutdowns because they typically cash in on some… Continue reading Why Are Used Vehicle Prices So High?
CARWIZ Connects With Croatia Airlines
The FLY&DRIVE joint service offered by Croatia Airlines and CARWIZ International gives passengers who use both companies’ services a discount. CARWIZ Croatia Airlines and CARWIZ International have reached a business agreement that will expand their collaboration through the FLY&DRIVE project. The contract, signed at Croatia Airlines’ Technical Centre at Zagreb International Airport in the cockpit… Continue reading CARWIZ Connects With Croatia Airlines
Veico Car Rental Nominated for Top World Travel Award
Veico secured a nomination with a modern fleet of vehicles, affordable rates, and excellent customer service. Veico Veico Car Rental is a contender for Mexico’s Leading Car Rental Company in the approaching World Travel Awards 2023. The World Travel Awards is a prestigious global organization that recognizes and rewards excellence in the travel and tourism… Continue reading Veico Car Rental Nominated for Top World Travel Award
A VIN for All: New Tool Documents Vehicle Data Security Levels
Through the Vehicle Privacy Report, a vehicle owner or buyer can see exactly when and where a dealership or company transacting the vehicle deleted persona data to protect previous owners and users. Photo: Privacy4Cars Privacy4Cars, a data privacy-tech company that focuses on protecting personal data left on vehicles, launched a new tool May 2, called… Continue reading A VIN for All: New Tool Documents Vehicle Data Security Levels
How Tesla’s Price Cuts Illustrate EV Ownership Cost Volatility for Fleets
Scott Painter bought 500 Teslas in November 2022, and was $8 million underwater on them the day the discounts went into effect. Photo: Expo Ease, Inc. When Tesla started cutting prices in December 2022, prospective buyers rejoiced. But fleet lessors and owners winced, understanding that when automakers drop money on the hood of a vehicle… Continue reading How Tesla’s Price Cuts Illustrate EV Ownership Cost Volatility for Fleets
EvoCharge Launches Tiered Charging Network
EvoCharge Home App launched in 2021 gives businesses another option for a cost-effective yet reliable solution with a single app experience for users whether at home or away. Photo: EvoCharge EvoCharge will launch its EvoCharge Network next month, creating a connected series of chargers throughout North America. The company’s network software adds more ways to… Continue reading EvoCharge Launches Tiered Charging Network
Used Vehicle Market Stretches History and Defies Labels
CAR emcee Charlie Vogelheim moderated the four remarketing economists and analysts for the session, “Pivots, Plunges & Thrashes: A 70s Economy Meets the 20s Industry Market,” during the Conference of Automotive Remarketing, March 29, 2023, in Las Vegas. Photo: Ross Stewart / Stewart Digital Media The automotive remarketing industry likely ranks among the few where… Continue reading Used Vehicle Market Stretches History and Defies Labels
SIXT Adds Branch at Ronald Reagan Washington National Airport
The DCA branch joins a growing list of recent SIXT branch openings in the U.S., including Pittsburgh, Nashville, Vail, Charlotte, and Toronto. SIXT USA SIXT USA continues its robust U.S. expansion with a new car rental branch at Ronald Reagan Washington National Airport (DCA) in Washington, D.C. The new branch, which opened April 1, is… Continue reading SIXT Adds Branch at Ronald Reagan Washington National Airport
22 Takeaways & Sage Advice from ICRS 2023
The 2023 International Car Rental Show had a record attendance not seen in 23 years. What gives? Photo: Expo Ease, Inc. and Canva If you hadn’t heard, we reached 1,000 registrants for the 2023 International Car Rental Show (ICRS). That’s the best attendance in 23 years. I had a few folks ask me why… Continue reading 22 Takeaways & Sage Advice from ICRS 2023