Most automakers reported price increases last month. Porsche and Land Rover showed the most price strength in the luxury market, transacting between 2% to 6.4% over sticker price. Graphic: Cox Automotive New-vehicle inventory levels are improving, but prices remain elevated, according to data released Dec. 12 by Kelley Blue Book. The average transaction price (ATP)… Continue reading New Vehicle Prices Hit Record High for Nov. 2022
Author: Auto Rental International Online News
Surprice Opens in Torino Airport
Surprice adds a new location in the country, with over a dozen cities already in operation. Photo: Surprice Surprice Car Rentals continues its expansion in Italy with the opening of its latest location in Torino airport, the operator announced on Dec. 9. The rental company said its aim is to offer high-level services in one… Continue reading Surprice Opens in Torino Airport
Fleet Forward Kicks Off 2023 Tour in Phoenix
Expanding to five stops in 2023, Fleet Forward the Tour will commence with a new stop in Phoenix on Feb. 23. Photo: Bobit Coming off a successful 2022 Fleet Forward Conference in Silicon Valley, Fleet Forward is going back on tour for 2023. Free for qualified fleet managers, Fleet Forward: The Tour consists of one-day,… Continue reading Fleet Forward Kicks Off 2023 Tour in Phoenix
Carwiz Announces New Franchise in Jordan
Nidal Maqboul (right) will be the director of the Carwiz Jordan branch. Photo: Carwiz International Carwiz International has entered the Middle East, announcing its newest branch in Jordan on Dec. 8. The operator said Jordan is an important market in global tourism development, and the new location is “just the beginning of expansion in the Middle East.” “Carwiz International’s… Continue reading Carwiz Announces New Franchise in Jordan
Sixt Launches First National Marketing Campaign in U.S.
The campaign switches the traditional “a” in “Rent-A-Car” to “Rent-THE-Car.” Source: Sixt Sixt announced in a statement the launch of its new integrated marketing campaign in the U.S. Entitled “Rent-THE-Car,” the campaign leans into the company’s premium experience. For the first time in its almost 12-year history in the U.S., the brand is committing to a… Continue reading Sixt Launches First National Marketing Campaign in U.S.
Wholesale Used-Vehicle Prices Down 14.2% in November YOY
Contributing to price declines was a lower conversion rate in November indicating buyers have more bargaining power than typical for this time of year. Graphic: Manheim Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 0.3% in November from October, according to the Manheim Used Vehicle Value Index (MUVVI) released Dec. 7,… Continue reading Wholesale Used-Vehicle Prices Down 14.2% in November YOY
What Does the New Normal Look Like for Car Rental?
Electric vehicles, telematics, and contactless rentals are three key areas to watch that present potential threats from within. Photo: Canva You can’t beat a global pandemic to appreciate the value of a rental car. Forgive me for the flippant statement, but I’m being provocative to make a point. Hertz just posted revenue per unit, per… Continue reading What Does the New Normal Look Like for Car Rental?
UFODrive Expands EV Rental Business
Now available in seven U.S. cities, UFODrive customers can rent electric vehicles from its mobile app. Photo: UFODrive UFODrive, an all-electric car rental service operated from an app, has continued to expand in more U.S. cities after launching in San Francisco. In addition to San Francisco, Austin, and New York, UFODrive is now operating in Boston, Las… Continue reading UFODrive Expands EV Rental Business
November Fleet Sales Up Nearly 55% YOY Amid Rebound
The automotive market is finally seeing some upward momentum in fleet sales, which is positive for the overall market. Graphic: Cox Automotive Combined sales into large rental, commercial, and government fleets were up nearly 55% year over year in November, the fifth consecutive month of double-digit, year-over-year increases, according to early estimates from Cox Automotive released… Continue reading November Fleet Sales Up Nearly 55% YOY Amid Rebound
The Strength of the ACRA Keystone
As ACRA watches industry issues across the nation, two areas of focus right now are the looming sunset of full expensing for personal property and the electrification of the rental fleets. Logo: ACRA/Photo: Canva The Oxford English Dictionary defines keystone as “a central stone at the summit of an arch, locking the whole together.” The Keystone of the Arch As I… Continue reading The Strength of the ACRA Keystone