Seventy-eight percent of business travelers are expecting to take at least one trip, but the U.S. Travel Association’s forecast projects that business travel’s growth cannot be sustained in the long term due to high inflation and an expected recession. Photo: Canva The latest Business Travel Tracker finds American companies increasingly trimming back pandemic-era restrictions on business travel… Continue reading Business Travel Growth Forecasted to Decline
Author: Auto Rental International Online News
Q3 Takes: Ford, GM Address Supply Chain, Production & Inventory
SECTION 45W of IRA offers tax credits for the purchase of EVs such as the Ford Lightning Pro. Those credits are distinguished from consumer credits. Photo: Chris Brown Parts availability, component production, semiconductor shortages, and supply chain logistics continue to affect vehicle output, but these dynamics aren’t getting worse. That was one of the takeaways… Continue reading Q3 Takes: Ford, GM Address Supply Chain, Production & Inventory
What Does Leasing Decline Mean for Used Auto Supply?
After reaching a modern peak of nearly 34% in February 2019, the leasing share of retail new-vehicle sales has been falling. Graphic: Cox Automotive Leasing is an important financing option for potential shoppers in the new-vehicle market. New vehicles financed through an auto loan generally have a higher monthly payment. Thus leasing provides an affordable… Continue reading What Does Leasing Decline Mean for Used Auto Supply?
Hertz Announces $2.5 Billion in Q3 Revenue
Hertz’s quarterly earnings are up from $2.3 billion in Q2 and $1.8 billion in Q1 this year. Photo: Hertz Hertz posted its 2022 third quarter results on Oct. 27, noting total revenues of $2.5 billion; net income of $577 million; and adjusted corporate EBITDA of $618 million, a 25% margin. Revenue was up 12% year over year. Hertz said value-added… Continue reading Hertz Announces $2.5 Billion in Q3 Revenue
How To Prepare Electric Vehicles for Winter Months
While there are fewer moving parts and systems that need regular maintenance, drivers should still remember to check and replace the standard “wearable” pieces of their electric vehicles before a cold snap arrives. Photo: Mercedes-Benz Leaves are falling, temperatures are dropping, and many drivers are starting to think about how to best prepare their vehicles… Continue reading How To Prepare Electric Vehicles for Winter Months
Enterprise’s Entegral Launches Vehicle Claims Assistance Product
Entegral’s new Smart Assist helps to digitize and automate the claims journey from first notice of loss. Photo: Enterprise Enterprise Rent-A-Car’s Entegral has announced the launch of Smart Assist, a vehicle claims assistance product designed for use with mobile devices. This new SaaS (software as a service) offering puts more control into the customer’s hands after a… Continue reading Enterprise’s Entegral Launches Vehicle Claims Assistance Product
Pennsylvania Airport Breaks Ground on Rent-A-Car Facility
The $11 million project is financed the through a Customer Facility Charge rather than taxpayer money. Photo: Conrac Solutions On Oct. 26, a new Quick Turn-Around rent-a-car facility broke ground at Wilkes-Barre/Scranton International Airport (AVP). The new facility will consolidate all car fueling, cleaning, and maintenance for the six on-airport rent-a-car brands in a single, on-airport location,… Continue reading Pennsylvania Airport Breaks Ground on Rent-A-Car Facility
AVR Van Rental Announces New CEO
Fifteen years after its founding, the van rental company’s new CEO is looking toward an aggressive five-year growth plan. Aria Irani says to watch for AVR’s new software product for car rental companies and dealerships. Photo: Aria Irani Formerly known as Airport Van Rental, AVR Van Rental announced its new CEO, Aria Irani, effective Sept.… Continue reading AVR Van Rental Announces New CEO
Green Motion Signs Franchise Agreement in Ivory Coast
The franchise owner plans to open two new locations in the Abidjan airport and in the city center. Photo: Green Motion Green Motion’s global expansion continues with the opening of a new location in the Ivory Coast, announced on Oct. 24. Expansion across the African continent continues with Fallou Sambe, the franchisee who already owns Green Motion Senegal,… Continue reading Green Motion Signs Franchise Agreement in Ivory Coast
2022 Fleet Vehicles of the Year Voting Live
The Chevrolet Equinox took home the 2021 Fleet SUV of the Year award. The prior year, honors went to the Jeep Grand Cherokee. Photo: GM Automotive Fleet is proud to present the 2022 Car, Truck, and SUV of the Year awards! Let your voice be heard! Now is your chance to vote for the 2022 Fleet Vehicle of… Continue reading 2022 Fleet Vehicles of the Year Voting Live