Cox data shows that CPO sales peaked in April but were down in both May and June. Source: Cox Automotive Certified pre-owned (CPO) sales in May fell to 205,924 units, down 1% from May’s 208,423 unit sales and down nearly 17% from June 2021, according to a new Cox Automotive report. So far in 2022,… Continue reading CPO Sales Down Again in June 2022
Author: Auto Rental International Online News
NuVinAir Grows Franchise Footprint to 32 States
NuVinAir produces a range of interior cleaning products, including Cyclone that eliminates odors and fits into the cupholder of any vehicle. With its recent expansion, several employees are moving to new regions. Photo: NuVinAir NuVinAir, a cleaning technology company that caters to car rental companies, dealerships, and other automotive business, announced the expansion of its… Continue reading NuVinAir Grows Franchise Footprint to 32 States
Avis, Hertz to Announce Q2 Financial Results
Expect for Hertz’s results by July 28, and Avis’s by August 2. Photo: Canva Avis Budget Group and Hertz will announce their second quarter 2022 financial results soon. Avis Budget plans to report its financial results after the market close on Monday, August 1 and to host a conference call for investors on Tuesday, August 2 at 8:30… Continue reading Avis, Hertz to Announce Q2 Financial Results
ACRA Invites Members to Annual D.C. Conference
ACRA members attending the 6th annual ACRA D.C. Legislature Conference in 2019. Photo by Chris Brown The American Car Rental Association (ACRA) invites its members to attend the 7th Annual ACRA D.C. Legislative Conference, taking place September 19-21 in Washington, D.C. For the first time, ACRA will offer a Car Rental Boot Camp focusing on operations… Continue reading ACRA Invites Members to Annual D.C. Conference
Free2move Offers Carsharing Service in 170 Countries
The carsharing company continues its global expansion, adding more vehicles and mobility hubs across the U.S. and Europe. Source: Free2move Carsharing company Free2move now has more than 450,000 vehicles available in 170 countries. At Free2move, 44% of all bookings have a duration of one week or more, and 16% of booking are created for long weekends,… Continue reading Free2move Offers Carsharing Service in 170 Countries
Wholesale Used Vehicle Prices Decrease in June
Manheim’s Used Vehicle Value Index shows a decline in wholesale used-vehicle prices this month, while the non-adjusted price change in June also decreased 1.8%. Source: Cox Automotive Wholesale used-vehicle prices decreased 1.3% in June from May, according to recent Cox Autotmotive analysis. The Manheim Used Vehicle Value Index declined to 219.9, up 9.7% from a year… Continue reading Wholesale Used Vehicle Prices Decrease in June
Zubie Partners with International Car Rental Association
Through the partnership, ICRA members can get access to Zubie’s telematics technology. Photo: Zubie Connected vehicle and telematics provider Zubie has announced a partnership with International Car Rental Association (ICRA), a non-profit business trade association for independent car rental platforms. This partnership will bring independent car rental hosts resources to help enhance their business and customer… Continue reading Zubie Partners with International Car Rental Association
Rental Company Owner Accused of Insurance Fraud
The owner of a rental car company in Springfield, Ill., has been accused of insurance fraud and is under investigation by the secretary of state’s office. Photo: Canva The owner of a rental car company in Springfield, Ill., has been accused of insurance fraud and is under investigation by the secretary of state’s office, according… Continue reading Rental Company Owner Accused of Insurance Fraud
Survey: Companies Should Rethink Business Travel Programs
Most travel managers said their company’s employees frequently use rental cars (82%) and rideshare apps (70%) on work trips, according to the study. Photo: Canva With corporate travel and in-person meetings increasingly returning, businesses need to be thoughtful about how they’re implementing – or re-implementing – their travel programs, especially when it comes to their… Continue reading Survey: Companies Should Rethink Business Travel Programs
Carwiz Expands Across Poland
Carwiz reports seeing a 700% year-over-year increase in rentals as the industry continues its recovery post-covid. Pictured is Robert Mucha, CEO of Carwiz Poland (middle) with two staff members. Photo: Carwiz Carwiz continues expanding its footprint, announcing it has doubled the number of offices in Poland. Between December 2021 and June 2022, Carwiz Poland opened four new… Continue reading Carwiz Expands Across Poland