Green Motion operates in about 60 countries across 600 locations, including the newly opened location at Lisbon Airport. Photo: Green Motion Green Motion continues its global expansion marking the opening of its new facility in Lisbon, Portugal. The grand opening event was attended by the owners of the Green Motion Master Country Franchise for Portugal Grupo Mcoutinho, an… Continue reading Green Motion Opens Airport Location in Lisbon
Author: Auto Rental International Online News
2022 U.S. Car Rental Revenue of $36.1B Shatters Records
Numbers are in, and rental operator numbers are way up in both revenue and fleet size. Photo: Canva Despite continuing challenges around vehicle supply, staffing shortages, demand shifts, and the cloud of a recession, the U.S. car rental industry earned an estimated $36.1 billion in revenue for 2022, based on data collected by Bobit. That… Continue reading 2022 U.S. Car Rental Revenue of $36.1B Shatters Records
From the Other Side of the Counter: A Newbie’s Take on the Car Rental Industry
While the rental industry is resilient and vibrant, there is much to be said about the power of banding together as an industry via an association and through meaningful connections. Photo: Canva When I started covering the car rental industry and entered mid-pandemic, I wasn’t sure what to expect as I first settled in. I… Continue reading From the Other Side of the Counter: A Newbie’s Take on the Car Rental Industry
Carvana’s Stock and Bonds Languish Amid Bankruptcy Quivers
Carvana founder and CEO Ernie Garcia detailed the used car retailer’s plans for ADESA auctions during the International Automotive Remarketers Alliance conference in Nashville, Tennessee, on Aug. 17, 2022. Photo: IARA Carvana stock nosedived in early morning trading on Dec. 7 as the possibility of bankruptcy loomed over the online used-car retailer, Auto Dealer Today… Continue reading Carvana’s Stock and Bonds Languish Amid Bankruptcy Quivers
New Vehicle Prices Hit Record High for Nov. 2022
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
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