Used vehicles, such as this 2017 Chrysler 300, should be seeing more normal wholesale and retail markets in the months ahead with a balance between buyers and sellers. Photo: Bobit Earlier this month, during our quarterly Manheim Used Vehicle Value Index (MUVVI) conference call, there were many questions related to the health of the U.S.… Continue reading Used Vehicle Market Hints at Normalcy Again
Author: Auto Rental International Online News
Cadillac Reveals All-Electric CELESTIQ Show Car
The show car previews some of the materials technologies and details that express Cadillac’s vision. Highlights include five high-definition, advanced LED interactive displays, including a 55-inch-diagonal advanced LED display, along with a variable-transmission smart glass roof and Ultra Cruise, General Motors’ available hands-free driver assistance technology which Cadillac plans to offer on CELESTIQ. Photo: Cadillac… Continue reading Cadillac Reveals All-Electric CELESTIQ Show Car
Lyft to Close Rental Car Business
Lyft’s car rental business had five locations. Photo: Chris Brown Lyft plans to shut down its car rental business and cut about 60 jobs, according to a report by Bloomberg. The company confirmed the news last week and it was first reported by The Wall Street Journal. The layoffs affect less than 2% of Lyft’s… Continue reading Lyft to Close Rental Car Business
Lytx Introduces Asset Tracking to Manage Powered Equipment
Lytx Asset Tracking Service is designed for fleet managers who need timely information about their powered equipment. Photo: Lytx Lytx Inc., a provider of video telematics for fleets, has launched the Lytx Asset Tracking Service to augment its fleet management products, the company said on July 20. Available in the U.S. and Canada, the Asset… Continue reading Lytx Introduces Asset Tracking to Manage Powered Equipment
Mercedes-Benz Vans Canada to Partner with Enterprise Holdings
Adding Mercedes-Benz vans into its nationwide fleet supports Enterprise Holdings’ ongoing efforts to reduce energy consumption. Photo: Enterprise Holdings Mercedes-Benz Vans Canada announced in a statement a new agreement with Enterprise Holdings, adding to its list of fleet partnerships. The auto manufacturer has begun delivery of about 300 units, including 200 MY22 Sprinter Cargo Vans and 100… Continue reading Mercedes-Benz Vans Canada to Partner with Enterprise Holdings
Bain Capital and ADIA to Acquire Merchants Fleet
Brendan P. Keegan, Merchant’s CEO, will also assume roles of president and chairperson, assuming the chairperson position from outgoing owner Gary Singer. Source: Merchants Fleet Merchants Fleet today announced that Bain Capital and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) have signed a definitive agreement to acquire Merchants Automotive Group, which does business as Merchants Fleet… Continue reading Bain Capital and ADIA to Acquire Merchants Fleet
National Car Rental Featured in World’s Best Awards
National Car Rental was named the World’s Best Car Rental Company by Travel + Leisure surveyors. Photo: Getty Images Travel + Leisure has announced the top travel destinations and companies in the U.S. and around the globe, according to the World’s Best Awards 2022 readers’ survey. The 27th annual survey rated cities, islands, national parks, and car rentals… Continue reading National Car Rental Featured in World’s Best Awards
Carsharer Getaround Expands Service in New York
Carsharing company Getaround has announced that the Peer-to-Peer Car Sharing Program Act will now allow its carsharing platform to be widely available for New Yorkers. At a press conference held on July 12, city officials spoke alongside Getaround executives to share how this shift will enable New York residents to access a contactless mobility solution… Continue reading Carsharer Getaround Expands Service in New York
Used-Vehicle Sales Expected to Dip Slightly for June
The seasonally adjusted annual rate (SAAR), or sales pace, is estimated to be near 38.8 million, down from last June’s 40.8 million level but above May’s revised 37.8 million pace. Source: Cox Automotive Total used-vehicle sales in June are estimated to be near 3.21 million units, down 5% from June 2021, according to Cox Automotive… Continue reading Used-Vehicle Sales Expected to Dip Slightly for June
Meet the Car Flippers: Used EV Interest Surges as More Americans Go Electric
EV owners who purchased a new Ford Mustang Mach-E in late 2021 could have resold it for a profit of $10,000 to $20,000 in a matter of months, a trend that is still visible in the summer of 2022. Someone who bought a Tesla Model 3 in April 2021 has seen its value appreciate by… Continue reading Meet the Car Flippers: Used EV Interest Surges as More Americans Go Electric