Subaru has partnered with EVgo to provide customers with access to a public charging network of more than 46,000 locations across the U.S. This includes access to 800+ public fast charging locations and 1,200+ L2 charging stalls spanning 68 metropolitan areas and 35 states. Photo: Louis Prejean / Bobit Subaru of America, Inc. announced on… Continue reading Subaru Prices Its All-Electric SUV Model
Author: Auto Rental International Online News
Electrification Coalition Releases Report on Electric Rental Car Program
The Drive Electric Orlando program yielded insights that can serve as a roadmap for successful implementation of electric vehicles in car rental. Photo: Electrification Coalition The Electrification Coalition released a new report today detailing the lessons learned from a first-of-its-kind public-private partnership that brought about the deployment of electric vehicles in a large rental car fleet.… Continue reading Electrification Coalition Releases Report on Electric Rental Car Program
Q1 Rental Fleet Sales Were as Bad as We Thought
The average price for risk units sold through Manheim was up 30% year over year as of figures last month. Photo: Obi – @pixel6propix/Unsplash Sales into car rental fleets for the first quarter of 2022 totaled 164,383 units, according to data collected by Bobit. Quarter over quarter, that compares to 292,873 units in 2021, 461,966 in… Continue reading Q1 Rental Fleet Sales Were as Bad as We Thought
Honda Reveals Extensive Plans to Build Electric Vehicles
Honda introduces its progress toward electrification and business transformation for the future during an April 11, 2022 media conference. Photo: Honda Honda executives outlined an ambitious electrification plan April 11 that devotes almost $40 billion over the next 10 years to electric vehicle-related software technologies that speed up its conversion to more EVs, including R&D… Continue reading Honda Reveals Extensive Plans to Build Electric Vehicles
New Vehicle Prices Ease Down But Still Straddle Above MSRP
New-vehicle average transaction price changes month-over-month by segment saw only cars increasing and all other segments decreasing. Source: Cox Automotive New-vehicle average transaction prices (ATPs) decreased to $45,927 in March 2022 after reaching a record high in December 2021, according to new data released April 11 by Kelley Blue Book. Prices fell 0.3% ($156) month… Continue reading New Vehicle Prices Ease Down But Still Straddle Above MSRP
Tesla Subscription Service Launches in San Diego
Autonomy also operates in Los Angeles and San Francisco. Scott Painter, CEO and founder of the company, also founded Fair Inc., an automotive fin-tech company. Painter also founded and served as CEO of TrueCar Inc. Photo: Autonomy Electric vehicle subscription company Autonomy continues its expansion in the state of California, now adding the San Diego market to its coverage… Continue reading Tesla Subscription Service Launches in San Diego
Used Vehicle Market Likely to Speed Up in Coming Months
Values of used vehicles, such as this 2018 Lincoln Navigator, should wane somewhat after Q2 and see closer to normal price depreciation patterns for the rest of the year. Photo: Lincoln Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 3.3% month over month in March, according to a Cox Automotive analysis… Continue reading Used Vehicle Market Likely to Speed Up in Coming Months
First Ford E-Transit Vans Ship to European Customers
(L to R): Ali Y. Koç, Deputy Chairman, Koç Holdings Board of Directors and Chairman, Ford Otosan; Mustafa Varank, Minister of Industry and Technology, Republic of Turkey; İlknur Karaca, Team Leader, Assembly Shop Production Line, Gölcük plant. Photo: Ford Ford Pro is shipping the first production units of its all-electric E-Transit van to customers across… Continue reading First Ford E-Transit Vans Ship to European Customers
Wholesale Used-Vehicle Prices Decline in March from Seasonal Adjustment
All major market segments saw seasonally adjusted prices that were higher year over year in March. Source: Manheim Market Index Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 3.3% in March from February, according to the Manheim Used Vehicle Value Index, which declined to 223.5, up 24.8% from a year ago.… Continue reading Wholesale Used-Vehicle Prices Decline in March from Seasonal Adjustment
Hertz Adds Tesla Model Y to Electric Vehicle Fleet
In April, Hertz plans to add the Tesla Model Y SUV to its electric rental fleet. The Model Ys will join the Model 3s at select Hertz locations. Photo: Tyler Casey/Unsplash In April, Hertz plans to add the Tesla Model Y SUV to its electric rental fleet, according to a report by FOX Business. Currently,… Continue reading Hertz Adds Tesla Model Y to Electric Vehicle Fleet