Vehicle allocation is finally trickling back into rental fleets, while used prices started to decrease in the fall of 2022. Photo: Canva It’s been a turbulent last few years for rental operations to say the least. While the industry weathered an unprecedented supply crisis — and enjoyed record profits as a result — we may… Continue reading Hot Takes: A Deep Dive Into the State of Car Rental
Author: Auto Rental International Online News
Travel Industry Rebound: Leisure is Back, Business Spending Struggles
The travel industry is well on its way to recovery to 2019 levels, but business travel lags way behind leisure’s comeback. Photo: Canva Many travel industry associations and experts project “cautious optimism” about the industry’s recovery post-pandemic, but economic conditions and geopolitical headwinds — including inflation, interest rates, global conflicts, and oil prices — may… Continue reading Travel Industry Rebound: Leisure is Back, Business Spending Struggles
Legal Issues to Watch in 2023 & Beyond
Pujo and Hurst advise reviewing privacy laws and establishing policies for use of information before ever tracking driver behavior, as well as safeguarding and protecting all customer personal information. Photo: Canva What issues should car rental companies follow in the coming year, and what legal updates are relevant to the industry? The following is a brief… Continue reading Legal Issues to Watch in 2023 & Beyond
Enterprise Opens Third Branch in Cardiff
The new branch will offer more low- and zero-emission vehicles including EV’s, vans up to 3.5 tons, and EV charging facilities. Photo: Enterprise Enterprise Rent-A-Car is opening a third branch in Cardiff (Wales, U.K.), in the heart of the city center. In a city of about 500,000 residents, the new Penarth Road branch is the largest of the three… Continue reading Enterprise Opens Third Branch in Cardiff
NHTSA Investigates if Hertz Rented Unrepaired Recalled Vehicles
The unrepaired recalled vehicles include Ford Explorer and Nissan Altima vehicles owned by Hertz between 2018 and 2020. Photo via Enjosmith/Flickr Hertz is in hot water again. U.S. auto safety regulators said they are investigating if Hertz rented unrepaired recalled vehicles to customers, according to a report by Reuters. The National Highway Traffic Safety Administration (NHTSA)… Continue reading NHTSA Investigates if Hertz Rented Unrepaired Recalled Vehicles
Trends in the Rental Car Market in South Korea
More than 1,000 small and medium-sized rental car companies work with brokerage platforms. Pictured are rental cars parked in Jeju Island, South Korea. Photo: Carmore The size of the South Korean rental car market has now surpassed 1 million units, shares Carmore, a rental car price comparison platform with 570 small and medium-sized rental car enterprises in 56… Continue reading Trends in the Rental Car Market in South Korea
Getaround Closes Business Combination with InterPrivate II Acquisition Corp.
The business combination was approved at a meeting of InterPrivate II shareholders on Dec. 7 and was unanimously approved by InterPrivate II’s board of directors. Photo: Canva/Logo: Getaround Carsharer Getaround has completed its previously announced business combination with InterPrivate II Acquisition Corp. Getaround’s common stock and warrants started trading on the NYSE under the ticker… Continue reading Getaround Closes Business Combination with InterPrivate II Acquisition Corp.
EVgo, Lyft Launch New Partnership
With the new partnership, Lyft drivers can save up to 45% on session costs when charging at one of EVgo’s fast-charging locations nationwide. Photo: EVgo EVgo Inc., a public fast charging network for electric vehicles (EVs), has announced the launch of a new EV charging discount program for rideshare drivers on the Lyft platform. This… Continue reading EVgo, Lyft Launch New Partnership
2023 Auto Rental News Fact Book Now Online
Chock full of statistics and data, take a look at what drove car rental last year and what is yet to come. Photo: Bobit/Canva Auto Rental News is proud to announce that its 2023 Fact Book is now ready to read online! The 35th edition of this annual publication provides valuable insights, data, and analysis for all facets of… Continue reading 2023 Auto Rental News Fact Book Now Online
HGS Axle Smartbot Automates Dispatch for Faster Roadside Assistance
When a rental car becomes stranded the driver can find the nearest tow truck, dealership, and/or mechanic, through HGS Axle’s digital platform and can monitor the dispatch status in real time via GPS. Photo: Pexels.com / Ryan West Business process management (BPM) provider, Hinduja Global Solutions (HGS), introduced its latest product, HGS Axle, an automated dispatch assistant… Continue reading HGS Axle Smartbot Automates Dispatch for Faster Roadside Assistance