Richard Lowden, founder & CEO of Green Motion International, with Paulo Pereira, mobility manager, MCoutinho Group, poses together in celebration of the new partnership. Photo: Green Motion Car rental company Green Motion confirmed the sale of its Master Country Franchise for Portugal to the MCoutinho Group, which is one of Portugal’s largest automotive retailers representing 20 brands… Continue reading Green Motion Signs New Franchise in Portugal
Author: Auto Rental International Online News
Carwiz Announces First Affiliate in Canada
Carwiz now has three locations in Canada across Vancouver and Toronto. Photo: Carwiz Carwiz announced on Jan. 24 that it had signed its first affiliate partnership in Canada. A deal with Canadian partner Northwestern Auto Group will result in three new Carwiz offices — one in the city of Vancouver, one at Vancouver International Airport, and one… Continue reading Carwiz Announces First Affiliate in Canada
New Vehicle Afforability Hits Record Low
The estimated typical monthly car payment increased to a new record high at $688, which was up 19.7% year-over-year. Source: Cox Automotive New-vehicle affordability declined again in December, following similar dynamics each month this fall and winter including another new record on average price paid and another low for incentives, Cox Automotive reported Jan. 14.… Continue reading New Vehicle Afforability Hits Record Low
Turo Files IPO
After a reported 207% jump in revenue, Turo plans to list on the NYSE under the symbol “TURO.” Photo courtesy of Turo Peer-to-peer car rental company Turo announced on Jan. 10 that it is a step closer to going public. The business has publicly filed a registration statement on Form S-1 with the Securities and Exchange… Continue reading Turo Files IPO
ALD Plans to Acquire LeasePlan To Create New Global Mobility Company
The ALD-LeasePlan deal will put 3.6 million vehicles under the same management. File photo: ALD Automotive ALD Automotive and LeasePlan, two of the world’s largest fleet leasing companies, announced Jan. 6 they will combine forces to create a leading global mobility player that would further the digital transformation of the industry. ALD has signed a… Continue reading ALD Plans to Acquire LeasePlan To Create New Global Mobility Company
Chrysler Unveils EV Concept Vehicle at CES 2022
The Airflow Concept embodies Chrysler’s new contemporary, technology-forward design, featuring an elegantly dynamic profile and LED-illuminated Chrysler wing logo on the cross-car grille/light blade, complementing the Airflow’s sleek, silent electric-powered ride. Photo: Stellantis The Chrysler brand on Jan. 5 revealed the Chrysler Airflow Concept at CES 2022, giving a glimpse at the electric vehicle positioned… Continue reading Chrysler Unveils EV Concept Vehicle at CES 2022
Rivian to Build Major Plant in Georgia
Rivian’s almost 2,000-acre parcel will include abundant natural space. Photo: Rivian Rivian will expand its manufacturing operations with a second U.S. plant in Georgia, the company announced Dec. 16. A carbon-conscious campus is planned east of Atlanta, in Morgan and Walton counties which represents a $5-billion site development and manufacturing investment, according to a Rivian… Continue reading Rivian to Build Major Plant in Georgia
XLerate Group Acquires America’s Auto Auction
A scene from the Columbus Fair Auto Auction, owned by XLerate Group, which just added America’s Auto Auction to its nationwide roster of auction operations. Photo: XLerate Group XLerate Group, a nationwide vehicle auction and remarketing company owned by affiliates of Brightstar Capital Partners, announced Dec. 22 it has signed a definitive agreement to acquire… Continue reading XLerate Group Acquires America’s Auto Auction
CarsArrive Network Launches Improved User Platform
A shot of the CarsArrive Network webpage. The KAR Global-owned unit is enhancing its user platform to improve customer interactions and services. Image: CarsArrive CarsArrive Network disclosed an enhanced technology platform on Dec. 22 designed to create a faster, smoother and more seamless experience for its customers, according to a news release. The platform serves… Continue reading CarsArrive Network Launches Improved User Platform
Charging Strategies Crucial to Deploying Electric Fleet Vehicles
Most fleets will need some directed combination of charging — at work facilities, at employee homes, and/or at public access points. Photo: The Climate Group One lesson fleet managers learn quickly with new electric vehicles is you don’t just plug them in for eight hours a night at a workplace like sleeping dogs and then… Continue reading Charging Strategies Crucial to Deploying Electric Fleet Vehicles