Asian non-luxury brands and European luxury brands had the lowest inventories. Non-luxury brands with the lowest inventories were Kia, Toyota, Subaru, Honda and Hyundai. Luxury brands with the lowest inventories were Land Rover, Lexus, Acura, Porsche and BMW. Graphic: Cox Automotive New-vehicle inventory closed August higher than it did a year ago, when the global… Continue reading New Vehicle Supply Highest Since June 2021
Author: Auto Rental International Online News
CarTrawler, Uber Launch Uber Rent in U.K.
CarTrawler and Uber have expanded their partnership and launched Uber Rent in the U.K. Photo: CarTrawler CarTrawler, a global B2B provider of car rental and mobility solutions, and Uber have expanded their partnership with the launch of Uber Rent in the U.K., following a successful trial in 2020. Powered by CarTrawler’s technology, Uber Rent allows U.K. Uber… Continue reading CarTrawler, Uber Launch Uber Rent in U.K.
UFODrive Opens in Frankfurt Airport
UFODrive’s fleet of EVs are already available in nine countries and 21 locations globally, with additional expansion in the U.S. and Europe planned. Photo: UFODrive UFODrive, an emobility provider in Europe, announces opening a new ‘UFOBay’ at Frankfurt Airport’s Terminal 1. Customers can rent one of the company’s EVs anytime via an app. “The opening of… Continue reading UFODrive Opens in Frankfurt Airport
Surprice Car Rentals Expands in Florida
The operator’s new locations join three other Florida airport rental offices in the state. Photo: Surprice Car Rentals Surprice Car Rentals Florida is now operating in two new destinations, Tampa Airport and Miami beach, reinforcing its presence in both sides of the peninsula. Surprice already operates from Miami Airport, Orlando Airport, and Fort Lauderdale Airport. The… Continue reading Surprice Car Rentals Expands in Florida
The Realities Intruding on Mass Electrification
A panel of EV and auction experts delineated the challenges of electrification at the National Auto Auction Association Convention in Dallas on Sept. 7, 2022. (L to R): Moderator Glenn Mercer; David Aahl, vice president of North Bay Auto Auction in Fairfield, California; Jay Bahel, vice president of strategic initiatives of KAR Auction Services, Inc.;… Continue reading The Realities Intruding on Mass Electrification
Carvana Founder and CEO Shares Business Approach, ADESA Details
Carvana founder and CEO Ernie Garcia discusses the Carvana acquisition of ADESA during an interview Aug. 17 at the International Automotive Remarketers Alliance’s Summer Roundtable conference in Nashville, Tennessee. Photo: IARA To bolster its growing e-commerce used vehicle business, Carvana just took on a more brick-and-mortar approach for a motoring clientele. “You need to warehouse… Continue reading Carvana Founder and CEO Shares Business Approach, ADESA Details
Getaround Partners with GO to Offer Rebate Incentives
By signing up for GO’s vehicle subscription, Getaround members now have rebate incentives from GO worth up to $1,200 per vehicle. Photo: Getaround Peer-to-peer carsharer Getaround has announced a new partnership with GO, a vehicle subscription provider. Through this agreement, hosts who list their vehicle on the Getaround platform now have rebate incentives from GO worth up to $1,200… Continue reading Getaround Partners with GO to Offer Rebate Incentives
NAAA Event Serves Up Awards, Honors, and Elections
The National Auto Auction Association logo was front and center during the trade group’s annual conference at the Sheraton Dallas, Sept. 6-8. Photo: Martin Romjue / Bobit After the disappointment of a canceled event in Chicago last September due to COVID, the National Auto Auction Association made good with an active and engaged confernece Sept.… Continue reading NAAA Event Serves Up Awards, Honors, and Elections
How to Strengthen Your Rental Agreement for a Changing World
Among the components to include in rental agreements are renter information, vehicle tracking, damage waivers, mileage charges, terms and conditions, and liability. Photo: Canva For rental companies, it’s important to include certain terms and clear language in rental agreements. Additionally, rental agreements need to be updated to address ever-changing issues faced by the rental industry.… Continue reading How to Strengthen Your Rental Agreement for a Changing World
New Vehicle Prices Top Records Five Months in a Row
Hyundai, Land Rover, Honda and Kia continue to show the most price strength in the market, transacting between 5-and-9% over sticker last month. Ram, Volvo, Lincoln, Buick, and the smaller Italian brands Alfa Romeo and Fiat showed the least price strength, selling 1% or more below MSRP in August. Graphic: Kelley Blue Blook / Cox… Continue reading New Vehicle Prices Top Records Five Months in a Row