Author: Auto Rental International Online News

Surprice Opens Two New Locations in Italy

The rental company already operates in 12 other cities across Italy. Photo: Surprice Surprice Car Rentals continues its expansion in Italy and announced new operations in Pisa and Venice. Surprice Car Rentals Italy has already opened in Bergamo, Bologna, Cagliari, Catania, Fiumicino, Napoli Capodichino, Paderno Dugnano, Roma Ciampino, Sorrento, Pompei, and Salerno. The company said its… Continue reading Surprice Opens Two New Locations in Italy

GM, Microvast to Develop Part for Safer, Stronger EV Batteries

GM is joining a team of battery experts from national laboratories, academia and industry who are working to develop more reliable, affordable, longer range and higher performance EV batteries. Photo: General Motors General Motors and battery manufacturer Microvast will work together to develop specialized EV battery separator technology and build a new separator plant in… Continue reading GM, Microvast to Develop Part for Safer, Stronger EV Batteries

RentalMatics, Liberkee Partner on Digital Keys

Moving key and vehicle access to a mobile app frees up rental companies from traditional key management.  Photo: Canva Telematics company RentalMatics and digital key provider Liberkee announced an integration via a new partership in October to advance the opportunities of contactless car rental. It enables customers to offer an app-based experience in addition to the classic counter-centric… Continue reading RentalMatics, Liberkee Partner on Digital Keys

Wholesale Vehicle Market Climate Heads Into a Cooldown

The average model year of wholesale vehicles sold in the third quarter reached 2015.6 compared to 2014.6 in 3Q 2021, according to the AutoIMS Industry View report. A 2016 Mercedes-Benz GLS pictured here would be more typical of the age of vehicles recently resold. Photo: Bobit The latest third quarter data from AutoIMS indicates changing… Continue reading Wholesale Vehicle Market Climate Heads Into a Cooldown

Business Travel Growth Forecasted to Decline

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

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