Karina Sotomayor and the Green Motion Peru team. Photo: Green Motion Green Motion, a global franchised car rental brand, recently launched its newest South American franchise in Peru. Local car rental entrepreneur Karina Sotomayor acquired the franchise, which will start operating in Lima, the nation’s vibrant capital and economic hub. The launch marks a big… Continue reading Green Motion Adds New Franchise in Peru
Author: Auto Rental International Online News
2024 Fleet Vehicle Sales Linger Below 2023 Levels
Rental fleets were down 16.2% year-over-year in December 2024 at 92,386 vehicles compared to 110,198 vehicles sold in December 2023. Graphic: Bobit Total U.S. fleet vehicle sales eased down by 2.5% in 2024 as OEMs appear to be meeting the demand of fleet operations that have restored fleet sizes since the pandemic that constricted supply,… Continue reading 2024 Fleet Vehicle Sales Linger Below 2023 Levels
Rental Car Tech Trends for 2025
Among the many tech recommendations for car rental operations is that must emphasize digital proofs and signatures, invest in systems that accurately document vehicle damage, and collect the data needed to file accurate insurance claims. Photo: DriveX Problem-solving is a common theme and motive emerging from the many tools, gadgets, and systems connected to car… Continue reading Rental Car Tech Trends for 2025
Rental, Leasing Car Telematics Market to Grow 15% by 2030
The telematics penetration rate across the car rental fleets in North America and Europe is expected to grow from 40% at the end of 2023 to 75% in 2028. Graphic: Berg Insight The installed base of active telematics systems in North America and Europe’s car rental and leasing market reached 6.2 million at the end… Continue reading Rental, Leasing Car Telematics Market to Grow 15% by 2030
Rental Car Industry Trends Ahead for 2025
Rental car operators face the challenges of making money in an economic environment with rising expenses and flatter rental rates. The best business approach going into 2025 is steady and conservative growth. Illustration: Getty Images If you want to keep a pulse on industry trends, then listen to what car rental company owners and operators… Continue reading Rental Car Industry Trends Ahead for 2025
Rental Car Industry Pulls Back from Rapid Revenue Growth This Year
The car rental market has interrupted a four-year trend of steep revenue gains since the COVID pandemic. Graphic: Bobit Business Media Auto Rental News recently posted its annual Fact Book for 2025, which contains the latest information and insights about the state of the car rental industry in the U.S. Overall, the industry is on… Continue reading Rental Car Industry Pulls Back from Rapid Revenue Growth This Year
Brazilian Car Rental Event Hits High Metrics
Exhibitors at the Expo ABLA 2024 on Nov. 27-28 in Sao Paulo, Brazil, numbered 70, and attendance numbered 2,000 rental car industry professionals. Photo: Hiria Marketing for ABLA The Brazilian car rental association ABLA saw major increases in its number of exhibitors, visitors, and venue space during its 19th annual Expo and conference on Nov.… Continue reading Brazilian Car Rental Event Hits High Metrics
Finalrentals Expands into Canada and the Pacific Northwest
The expansion into Vancouver, Calgary, and Seattle underscores Finalrentals’ interest in cities renowned for their stunning natural landscapes, bustling tourism, and vibrant economic activity. Photo: Finalrentals Car rental network Finalrentals recently entered into North America with outlets in Canada and the Pacific Northwest, making its first foray into U.S. and Canadian airport locations. As of… Continue reading Finalrentals Expands into Canada and the Pacific Northwest
Auction Vehicle Sales Volume Highest Since 2019
On a selling day adjusted basis, auction sales of vehicles up to 5-years-old — which includes most off-lease, rental, and fleet company sales — rose 9.5% compared to last November. Graphic: Auction Net Wholesale vehicle auction sales during the first eleven months of this year reached 6.25 million units, a rise of 9.4% versus 2023’s… Continue reading Auction Vehicle Sales Volume Highest Since 2019
Carwiz Expands Operations to Austria and Lithuania
Krešimir Dobrilović, founder and president of Carwiz International’s management board (L) and Carwiz’s Hungarian partner, Dániel Pszota, managing director of Fábián Autószalonok. Photo: Carwiz International Carwiz International, a Croatia-based rental car franchise, recently signed two new franchise agreements to begin operating in Austria and Lithuania. With these additions, the global Carwiz network will span 59… Continue reading Carwiz Expands Operations to Austria and Lithuania