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
Author: Auto Rental International Online News
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
Chevrolet Reveals All-Electric Blazer
The available trims on the 2024 Chevrolet Blazer EV offer different range and content suited for additional fleet and commercial customers, such as pharmaceutical, rental and others. Photo: General Motors Chevrolet showcased the all-electric 2024 Blazer EV for the first time on July 19, expanding the brand’s growing EV portfolio and driving Chevy into the… Continue reading Chevrolet Reveals All-Electric Blazer
Free2move Partnership Leverages Embedded Telematics
The Free2move-GuidePoint Systems collaboration enables data from Ram, Dodge, Chrysler, and Jeep to provide inventory management services to dealers, fleet management services for commercial and government fleets, auditing services to floor plan lenders, and vehicle diagnostic reports to consumers. Photo: Guidepoint Systems Guidepoint Systems, a global provider of vehicle telematics and Software as a Service (SaaS)… Continue reading Free2move Partnership Leverages Embedded Telematics
Toyota Announces New Hybrid Full-Size Sedan
The Toyota Crown will be the first sedan to offer Toyota’s HYBRID MAX System, for drivers wanting more oomph out of a hybrid system. Photo: Toyota Toyota has announced its new full-size sedan: the 2023 Toyota Crown. Expected to arrive in dealerships later this year, the Crown will be the first sedan to offer Toyota’s HYBRID… Continue reading Toyota Announces New Hybrid Full-Size Sedan
New, Used Prices Retreat
Prices are finally down for both new and used vehicles, though the used market is overall trending in a more normal direction. Photo: Canva The average listing price for new vehicles rose throughout June but began to retreat by the end of the month while inventory held relatively steady, according to new Cox Automotive analysis of… Continue reading New, Used Prices Retreat
Carwiz Deploys New Mobile Customer Review App
Petar Aračić (left), founder and CEO of Fast Review, with Krešimir Dobrilović (right), founder and CEO of Carwiz International. Photo: Carwiz International Croatian rental car company Carwiz International announced in a statement plans to introduce solutions to enable its partners to increase the number of positive online reviews and user satisfaction. Fast Review is a web application that… Continue reading Carwiz Deploys New Mobile Customer Review App
New-Vehicle Prices Set Record in June
According to data from Kelley Blue Book, the average transaction price (ATP) for a new vehicle surpassed the $48,000 mark in June, the highest ATP on record. Chart: Cox Automotive In June, the average price paid for a new vehicle was the highest on record and marked the first time that the average transaction price… Continue reading New-Vehicle Prices Set Record in June
EV Sales Hit Record High in Q2 2022
In the same quarter last year, 19 EV models were for sale in the U.S. Compare this to 33 models this year. Photo: Canva New vehicle sales in the second quarter struggled, up only modestly from the first quarter and down more than 20% from Q2 2021, Cox Automotive recently reported. There were a few positive… Continue reading EV Sales Hit Record High in Q2 2022
Sixt Expands into Canada
Sixt says it will bring to Canada a higher percentage of premium and lower mileage vehicles, including BMWs and Mercedes-Benz models. Photo: Sixt Car rental provider Sixt announced in a statement the brand’s expansion to the Canadian market, accelerating its international growth across North America. The brand’s first Canadian branch will be located in downtown Vancouver’s Library Square. Following Vancouver, Sixt will soon open in… Continue reading Sixt Expands into Canada