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
Author: Auto Rental International Online News
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
TSD to Manage Maserati Service Loaner Vehicle Program
TSD’s solutions are used across 84 countries and six continents. The company recently expanded to offer pickup and delivery capabilities. Photo: TSD Mobility software provider TSD Mobility Solutions announced it has become the official software provider for the Maserati Service Loaner Vehicle Program, effective this month. Maserati North America selected TSD after reviewing the success of Maserati’s parent company,… Continue reading TSD to Manage Maserati Service Loaner Vehicle Program
Fleet Sales Increase in August, YOY
Commercial and government fleets sales rose at a healthy clip, but rental declined in August YOY. Graphic: Cox Automotive Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 0.8% month over month in August to 128,464 units, according to an early estimate from Cox Automotive released Sept. 7. Combined sales into… Continue reading Fleet Sales Increase in August, YOY
Wholesale Used-Vehicle Prices Take Big Dip in August
All major market segments saw seasonally adjusted prices that were higher year over year in August, except for full-size cars. Graphic: Cox Automotive Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 4% in August from July, according to the Manheim Used Vehicle Value Index released Sept. 8. The index declined to… Continue reading Wholesale Used-Vehicle Prices Take Big Dip in August
Recurrent, Black Book Team Up to Score and Value Used EVs
Black Book’s vehicle valuation is combined with Recurrent’s new Range Score value, which uses modeling from 100 million recorded EV miles, to make value adjustments for good batteries. Photo: Recurrent Early resale values for electric vehicles (EV) have often been determined by criteria from the combustion engine era, prioritizing metrics like odometers that do not… Continue reading Recurrent, Black Book Team Up to Score and Value Used EVs
NuVinAir Expands Leadership Team’s Roles
(L to R) Troy Blackwell, Marty Schoenthaler, and Marty Fritz, will continue reporting to Kyle Bailey, NuVinAir’s CEO and founding partner. Photo: NuVinAir Dallas-based NuVinAir has announced expanded roles for its leadership team on August 31. Troy Blackwell is COO and executive vice president. Marty Schoenthaler is chief franchise officer and executive vice president. Marty Fritz is chief administrative officer and… Continue reading NuVinAir Expands Leadership Team’s Roles
Used Vehicle Market, Economy Not Sick — But Not Too Energetic Either
Roundtable host Joe Miller dove into detailed economic outlooks with panelists (L to R): Jonathan Smoke, chief economist at Cox Automotive; Tom Kontos, chief economist at ADESA; and Dr. Alex Yurchenko, chief data science officer at Black Book, at the International Automotive Remarketers Alliance’s annual Summer Roundtable in Nashville, Tennessee, on Aug. 17, 2022. Photo:… Continue reading Used Vehicle Market, Economy Not Sick — But Not Too Energetic Either
Used EV Prices Rise Much Faster Than for ICE Vehicles
Electric car prices saw an increase of 54.3% from the same month last year while gas-powered cars were up just 10.1%, according to a recent iseecars.com study. Source: iseecars.com If you’re selling a used electric vehicle, the price likely will exceed that of a used gasoline-powered car by large amounts. The demand for EVs amid… Continue reading Used EV Prices Rise Much Faster Than for ICE Vehicles