Roundtable host Joe Miller dove into detailed economic outlooks with panelists (L to R): Jonathan Smoke, chief economist at Cox Automotive; Tom Kontos, chief economist at ADESA; and Dr. Alex Yurchenko, chief data science officer at Black Book, at the International Automotive Remarketers Alliance’s annual Summer Roundtable in Nashville, Tennessee, on Aug. 17, 2022. Photo:… Continue reading Used Vehicle Market, Economy Not Sick — But Not Too Energetic Either
Author: Auto Rental International Online News
Used EV Prices Rise Much Faster Than for ICE Vehicles
Electric car prices saw an increase of 54.3% from the same month last year while gas-powered cars were up just 10.1%, according to a recent iseecars.com study. Source: iseecars.com If you’re selling a used electric vehicle, the price likely will exceed that of a used gasoline-powered car by large amounts. The demand for EVs amid… Continue reading Used EV Prices Rise Much Faster Than for ICE Vehicles
Finalrentals Expands in Saudi Arabia
The expansion is helped by a new partnership with Key Car Rental in the country. Photo: Finalrentals Since its launch in the Kingdom of Saudi Arabia in August 2021, Finalrentals has had plans to expand in the country. The company announced on Aug. 31 that it has added 39 new locations to its network in Saudi Arabia,… Continue reading Finalrentals Expands in Saudi Arabia
Hard Facts on Electric Vehicles Favor Fleet Usage
EV expert Kristin Slanina laid out the long-term benefits of electric fleet vehicles for an audience of remarketing leaders during the IARA Summer Roundtable on Aug. 18, 2022 in Nashville, Tennessee. Photo: IARA In the zeal and excitement over the growth of electric vehicles, early buyers tend to forget they are nothing new. EVs are… Continue reading Hard Facts on Electric Vehicles Favor Fleet Usage
Cox, Spiers Expand Global EV Battery Access
Cox Automotive Mobility offers a unique grading system and diagnostic tool, built in partnership with Spiers New Technologies, that provides a VIN-specific battery health score to help drive confidence and transparency with dealers and consumers. Photo: Cox Automotive Mobility Cox Automotive Mobility and Spiers New Technologies announced on Aug. 30 the expansion of their global… Continue reading Cox, Spiers Expand Global EV Battery Access
What’s Your Topic A for the Conference of Automotive Remarketing?
Get ready for a revamped CAR event in 2023 that brings together professionals from every sector in the remarketing industry. Photo: Bobit The 2023 Conference of Automotive Remarketing recently opened up for programming proposals — also known as a “call for papers” — that could qualify for the schedule of the three-day event being held… Continue reading What’s Your Topic A for the Conference of Automotive Remarketing?
Florida EV Rental Company to Receive Tesla Model 3s
Elektros will receive its first Tesla Model 3 vehicles next month to help start its EV rental operations as soon as fourth quarter 2022. Photo: Canva Elektros, an electric transportation company, has started scheduling initial electric vehicle (EV) deliveries for its car rental fleet. The company has scheduled delivery of its first Tesla Model 3… Continue reading Florida EV Rental Company to Receive Tesla Model 3s
Remarketers Group Generates Deeper Topics on EVs
The IARA Summer Roundtable hosted meetings of all its standing committees on Aug. 17, 2022 in Nashville, Tennessee, to discuss a wide array of remarketing industry topics, including the valuation and handling of used electric vehicles. Photo: Martin Romjue / Bobit Roundtables aren’t just meant to be talked over, but can be loaded up with… Continue reading Remarketers Group Generates Deeper Topics on EVs
Hyundai, Kia Recall SUVs for Faulty Tow Hitch System
Due to the fire risk identified in the vehicles, the OEMs advise parking outside, away from structures. Photo: Kia Hyundai Motors America is recalling an estimated 245,030 2020-2022 Hyundai Palisade SUVs, and Kia America, Inc. is recalling approximately 36,417 2020-2022 Kia Telluride vehicles for a fire risk. The manufacturers are advising the owners of these models to… Continue reading Hyundai, Kia Recall SUVs for Faulty Tow Hitch System
EvoCharge Launches Concealed Pedestals for Charging Stations
The new pedestals come in two widths, 4-inch square and 6-inch square. The concealed raceway keeps wiring safely enclosed within the pedestal. Photo: EvoCharge EvoCharge, a provider of in electric vehicle supply equipment (EVSE) and cable management solutions, announced Aug. 23 it has launched the new EvoCharge concealed pedestal for mounting EV chargers in public… Continue reading EvoCharge Launches Concealed Pedestals for Charging Stations