New, Used Prices Retreat

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

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

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