Prices are finally down for both new and used vehicles, though the used market is overall trending in a more normal direction. Photo: Canva The average listing price for new vehicles rose throughout June but began to retreat by the end of the month while inventory held relatively steady, according to new Cox Automotive analysis of… Continue reading New, Used Prices Retreat
Author: Auto Rental International Online News
Carwiz Deploys New Mobile Customer Review App
Petar Aračić (left), founder and CEO of Fast Review, with Krešimir Dobrilović (right), founder and CEO of Carwiz International. Photo: Carwiz International Croatian rental car company Carwiz International announced in a statement plans to introduce solutions to enable its partners to increase the number of positive online reviews and user satisfaction. Fast Review is a web application that… Continue reading Carwiz Deploys New Mobile Customer Review App
New-Vehicle Prices Set Record in June
According to data from Kelley Blue Book, the average transaction price (ATP) for a new vehicle surpassed the $48,000 mark in June, the highest ATP on record. Chart: Cox Automotive In June, the average price paid for a new vehicle was the highest on record and marked the first time that the average transaction price… Continue reading New-Vehicle Prices Set Record in June
EV Sales Hit Record High in Q2 2022
In the same quarter last year, 19 EV models were for sale in the U.S. Compare this to 33 models this year. Photo: Canva New vehicle sales in the second quarter struggled, up only modestly from the first quarter and down more than 20% from Q2 2021, Cox Automotive recently reported. There were a few positive… Continue reading EV Sales Hit Record High in Q2 2022
Sixt Expands into Canada
Sixt says it will bring to Canada a higher percentage of premium and lower mileage vehicles, including BMWs and Mercedes-Benz models. Photo: Sixt Car rental provider Sixt announced in a statement the brand’s expansion to the Canadian market, accelerating its international growth across North America. The brand’s first Canadian branch will be located in downtown Vancouver’s Library Square. Following Vancouver, Sixt will soon open in… Continue reading Sixt Expands into Canada
CPO Sales Down Again in June 2022
Cox data shows that CPO sales peaked in April but were down in both May and June. Source: Cox Automotive Certified pre-owned (CPO) sales in May fell to 205,924 units, down 1% from May’s 208,423 unit sales and down nearly 17% from June 2021, according to a new Cox Automotive report. So far in 2022,… Continue reading CPO Sales Down Again in June 2022
NuVinAir Grows Franchise Footprint to 32 States
NuVinAir produces a range of interior cleaning products, including Cyclone that eliminates odors and fits into the cupholder of any vehicle. With its recent expansion, several employees are moving to new regions. Photo: NuVinAir NuVinAir, a cleaning technology company that caters to car rental companies, dealerships, and other automotive business, announced the expansion of its… Continue reading NuVinAir Grows Franchise Footprint to 32 States
Avis, Hertz to Announce Q2 Financial Results
Expect for Hertz’s results by July 28, and Avis’s by August 2. Photo: Canva Avis Budget Group and Hertz will announce their second quarter 2022 financial results soon. Avis Budget plans to report its financial results after the market close on Monday, August 1 and to host a conference call for investors on Tuesday, August 2 at 8:30… Continue reading Avis, Hertz to Announce Q2 Financial Results
ACRA Invites Members to Annual D.C. Conference
ACRA members attending the 6th annual ACRA D.C. Legislature Conference in 2019. Photo by Chris Brown The American Car Rental Association (ACRA) invites its members to attend the 7th Annual ACRA D.C. Legislative Conference, taking place September 19-21 in Washington, D.C. For the first time, ACRA will offer a Car Rental Boot Camp focusing on operations… Continue reading ACRA Invites Members to Annual D.C. Conference
Free2move Offers Carsharing Service in 170 Countries
The carsharing company continues its global expansion, adding more vehicles and mobility hubs across the U.S. and Europe. Source: Free2move Carsharing company Free2move now has more than 450,000 vehicles available in 170 countries. At Free2move, 44% of all bookings have a duration of one week or more, and 16% of booking are created for long weekends,… Continue reading Free2move Offers Carsharing Service in 170 Countries