Manheim’s Used Vehicle Value Index shows a decline in wholesale used-vehicle prices this month, while the non-adjusted price change in June also decreased 1.8%. Source: Cox Automotive Wholesale used-vehicle prices decreased 1.3% in June from May, according to recent Cox Autotmotive analysis. The Manheim Used Vehicle Value Index declined to 219.9, up 9.7% from a year… Continue reading Wholesale Used Vehicle Prices Decrease in June
Author: Auto Rental International Online News
Zubie Partners with International Car Rental Association
Through the partnership, ICRA members can get access to Zubie’s telematics technology. Photo: Zubie Connected vehicle and telematics provider Zubie has announced a partnership with International Car Rental Association (ICRA), a non-profit business trade association for independent car rental platforms. This partnership will bring independent car rental hosts resources to help enhance their business and customer… Continue reading Zubie Partners with International Car Rental Association
Rental Company Owner Accused of Insurance Fraud
The owner of a rental car company in Springfield, Ill., has been accused of insurance fraud and is under investigation by the secretary of state’s office. Photo: Canva The owner of a rental car company in Springfield, Ill., has been accused of insurance fraud and is under investigation by the secretary of state’s office, according… Continue reading Rental Company Owner Accused of Insurance Fraud
Survey: Companies Should Rethink Business Travel Programs
Most travel managers said their company’s employees frequently use rental cars (82%) and rideshare apps (70%) on work trips, according to the study. Photo: Canva With corporate travel and in-person meetings increasingly returning, businesses need to be thoughtful about how they’re implementing – or re-implementing – their travel programs, especially when it comes to their… Continue reading Survey: Companies Should Rethink Business Travel Programs
Carwiz Expands Across Poland
Carwiz reports seeing a 700% year-over-year increase in rentals as the industry continues its recovery post-covid. Pictured is Robert Mucha, CEO of Carwiz Poland (middle) with two staff members. Photo: Carwiz Carwiz continues expanding its footprint, announcing it has doubled the number of offices in Poland. Between December 2021 and June 2022, Carwiz Poland opened four new… Continue reading Carwiz Expands Across Poland
New P2P Car Rental Industry Association Forms
ICRA strives to promote a healthy and sustainable industry of independent car rental entrepreneurs, P2P carsharing operators on platforms such as Turo and Getaround, and other business advocates who support the industry. Logo: ICRA A new trade association has launched. The Independent Car Rental Association (ICRA) is up and running with the mission to serve as an… Continue reading New P2P Car Rental Industry Association Forms
Connecticut Airport to Open New Ground Transportation Center
Bradley International Airport’s new $210-million facility will provide improved access to rental cars, more parking, and future options for public transit. Photo: Connecticut Airport Authority Connecticut’s Bradley International Airport is expected to open its new Ground Transportation Center in mid-July. After five years of planning and construction, the new $210-million facility will provide improved access to… Continue reading Connecticut Airport to Open New Ground Transportation Center
Volkswagen Places Europcar at Center of New Mobility Strategy
Europcar is to become a cornerstone of Volkswagen’s mobility offering following closure of the transaction to buy the mobility company. Photo: Volkswagen AG Following the closure of its Europcar transaction with consortium partners Attestor and Pon Holdings, Volkswagen is moving quickly to center Europcar as the kingpin of mobility provision, forming part of its NEW… Continue reading Volkswagen Places Europcar at Center of New Mobility Strategy
Rental Fleet Sales Down 32% for H1 2022
Some good news: Monthly sales comparisons have seen steady improvement since January, despite the lack of supply the industry still. faces. Photo: Obi – @pixel6propix on Unsplash When it comes to new vehicle sales, the U.S. car rental industry continues to feel the effects of supply chain disruption. Through the first six months of 2022, sales into rental fleets… Continue reading Rental Fleet Sales Down 32% for H1 2022
Virtuo Adds Tesla Model Y to U.K. Fleet
Virtuo’s fleets are available across seven European countries, allowing drivers to take their rentals into different European countries at no extra cost. Photo: Virtuo On-demand and app-based car rental service provider Virtuo announced in a statement the addition of the Tesla Model Y to its U.K. fleet. Renters in London will be able to book the model for delivery… Continue reading Virtuo Adds Tesla Model Y to U.K. Fleet