Carvana founder and CEO Ernie Garcia discusses the Carvana acquisition of ADESA during an interview Aug. 17 at the International Automotive Remarketers Alliance’s Summer Roundtable conference in Nashville, Tennessee. Photo: IARA To bolster its growing e-commerce used vehicle business, Carvana just took on a more brick-and-mortar approach for a motoring clientele. “You need to warehouse… Continue reading Carvana Founder and CEO Shares Business Approach, ADESA Details
Author: Auto Rental International Online News
Getaround Partners with GO to Offer Rebate Incentives
By signing up for GO’s vehicle subscription, Getaround members now have rebate incentives from GO worth up to $1,200 per vehicle. Photo: Getaround Peer-to-peer carsharer Getaround has announced a new partnership with GO, a vehicle subscription provider. Through this agreement, hosts who list their vehicle on the Getaround platform now have rebate incentives from GO worth up to $1,200… Continue reading Getaround Partners with GO to Offer Rebate Incentives
NAAA Event Serves Up Awards, Honors, and Elections
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
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