As the Liigu team celebrates one full year of operations, its CEO shares that importance of personal interaction, simple tech that works, communication, and creating a positive company culture. Photo: Liigu Last August in Nice, France, Liigu delivered a car to its first ever customer. Back then, the fleet had just 15 cars, which were used to… Continue reading One Year In: Five Takeaways from One Rental Company’s First Year of Business
Author: Auto Rental International Online News
Used-Vehicle Supply Looks More Normal as Prices Rise
The average used-vehicle listing price surpassed $28,000 in mid-April and rose to a record high of $28,375 in early May. The average listing price then edged downward throughout June but turned upward during July, closing at $28,219, an increase from the revised $28,004 at the end of June. Source: Cox Automotive Used-vehicle inventory held steady… Continue reading Used-Vehicle Supply Looks More Normal as Prices Rise
Certified Pre-Owned Sales Hold Steady in July
Used-vehicle retail sales declined 13% in July from June, and sales were down 16% year over year. Source: Cox Automotive Certified pre-owned (CPO) sales in July fell to 206,346 units, a level nearly equal to June’s volume of 206,443 and down 17% from July 2021, Cox Automotive reported Aug 12. Since May, CPO sales have… Continue reading Certified Pre-Owned Sales Hold Steady in July
Shift Technologies Merges with CarLotz to Boost Online Sales Options
Given current market dynamics, Shift is optimizing inventory mix and assortment to favor value vehicles, which Shift defines as older than eight years or having been driven 80,000 miles. Pictured are 2016 Lincoln-Continental fleet vehicles on a transporter. File photo: Bobit Shift Technologies, Inc., an ecommerce platform for buying and selling used cars, has agreed… Continue reading Shift Technologies Merges with CarLotz to Boost Online Sales Options
Volvo, Starbucks Ready to Install Electric Vehicle Chargers
The Volvo-Starbucks-Chargepoint EV charging network gives travelers the freedom to move safely and sustainably along a previously under-resourced route for charging access across the West and Pacific Northwest. Photo: Volvo Volvo Cars, working with Starbucks Corporation, has installed the first electric vehicles chargers at a Starbucks store as part of a plan to create a… Continue reading Volvo, Starbucks Ready to Install Electric Vehicle Chargers
Europcar Expands in Australia; Launches Subscription, Carsharing Service
Stations in NSW, NT, VIC, SA, and QLD will allow Europcar a greater rental network and wider fleet choice as it continues to roll out expanded mobility services. Photo: Canva Europcar is expanding in the land down under! The mobility and car rental company announced on July 26 the re-opening of three of its stations across Australia, including… Continue reading Europcar Expands in Australia; Launches Subscription, Carsharing Service
New Vehicle Prices Break Record as Supply Rises
The Kelley Blue Book new-vehicle ATP increased to $48,182 in July 2022, beating the previous high of $48,043 set last month. July prices rose 0.3% ($139) from June and 11.9% ($5,126) from July 2021. Source: KBB / Cox Automotive The average price paid for a new vehicle in the U.S. in July topped June’s record… Continue reading New Vehicle Prices Break Record as Supply Rises
Green Motion Continues Caribbean Expansion
Pictured: Team Green Motion Bonaire: Migdalia Beaumont, Diane Winkel, and Heinrich Cornelis. Photo: Green Motion Car rental brand Green Motion has announced in a statement the launch of its latest Caribbean destination in Bonaire. Acquired by local car rental entrepreneur Rick Hart who has vast experience within the Dutch Caribbean car rental sector and who also… Continue reading Green Motion Continues Caribbean Expansion
UFODrive Expands EV Rental Business to the U.S.
As UFODrive plans further expansion in North America, it has partnered with Inspiration Fleet, an EV-only fleet management company, to accelerate the transition to electric vehicles. Photo: UFODrive UFODrive announced the launch of its first U.S. city on August 4, starting with San Francisco. The electric vehicle rental has seen rapid growth in 20 cities across Europe already. Now, Bay area… Continue reading UFODrive Expands EV Rental Business to the U.S.
New Company Ready to Build and Operate EV Charging Stations
Voltera plans to invest several billion dollars on deployments that are developed in specific locations where customers need to be, as shows in this rendering of a proposed delivery fleet charging depot. Image: Voltera Voltera, a provider of critical infrastructure necessary to electrify transportation, announced its launch on Aug. 9 as an EV industry service… Continue reading New Company Ready to Build and Operate EV Charging Stations