Manheim offsite volumes have increased 123% year-over-year, with much of that growth being driven by Manheim Express, which increased over 200% in the same timeframe. Photo: Manheim Express During 2021, dealer usage of Manheim’s offsite wholesale channels skyrocketed, with Manheim Express alone experiencing triple digit growth year-over-year, according to a Dec. 15 Manheim news release.… Continue reading Digital Sales Take Off for Manheim Express in 2021
Author: Auto Rental International Online News
New-Vehicle Affordability Worsens Again in November
Weeks of Income Needed to Buy a New Light Vehicle Source: Cox/Manheim Index Following similar dynamics each month this fall including another new record on the average price paid and another low for incentives, new-vehicle affordability declined again in November, according to a Cox Automotive news release. November’s affordability decline was caused by all vehicle… Continue reading New-Vehicle Affordability Worsens Again in November
Used Vehicles Sales Up Slightly YOY in November
Used Vehicle SAAR and Volume Chart: Cox Automotive Total used-vehicle sales were up 3% year over year in November, according to Cox Automotive estimates released Dec. 15 that are subject to change. November used seasonally adjusted annual rate (SAAR) is estimated to be 39.1 million, up from 38.1 million in November 2020 but down compared… Continue reading Used Vehicles Sales Up Slightly YOY in November
Uptick in Exotic Rental Crashes Could Lead to More Regulation
More technology in exotic and luxury vehicles could help curb crashes. One rental operator says that customers should also be subject to regulation. Photo courtesy of Gotham Dream Cars. Nevada’s Clark County commissioners are looking to add more guidelines for renting a vehicle in the exotic rental industry, according to a report by CBS 8. From… Continue reading Uptick in Exotic Rental Crashes Could Lead to More Regulation
Free2Move Opens Mobility Hub in Austin
Austin joins Denver, Portland, and Washington D.C., offering residents acess to its fleet of Jeep Renegades. Image courtesy of Free2Move Mobility provider Free2Move announced the addition of Austin, Texas, to its list of Mobility Hubs. Residents of Austin can now see the Free2Move fleet of 100 Jeep Renegade vehicles parked on city streets, and can book one through… Continue reading Free2Move Opens Mobility Hub in Austin
Europcar Mobility Group UK Aims To Cut CO2 Emissions By Appointing CBVC To Manage Its Company Car Fleet
Rental and mobility firm Europcar Mobility Group UK is looking to significantly lower the CO2 emissions of its company car fleet by appointing fleet management specialist, CBVC Vehicle Management. The new UK agreement aligns with Europcar Mobility Group’s ‘One Sustainable Fleet’ program which aims at the ‘greenification’ – or decarbonization – of the Group’s fleet… Continue reading Europcar Mobility Group UK Aims To Cut CO2 Emissions By Appointing CBVC To Manage Its Company Car Fleet
Carwiz Adds Three New Partnerships
Paul Gallen, managing director of Fourth Tier Solutions Ltd, and Krešimir Dobrilović, CEO of Carwiz International Ltd, shake hands following the announcement of the new partnership. Photo courtesy of Carwiz. Two months after the launch of its U.S. Affiliate Program, Carwiz announced three new vendor partnerships on Nov. 22 involving car rental software and rate management. The European-based… Continue reading Carwiz Adds Three New Partnerships
LA-Based Mocean Carshare Ends Service
Vulog CEO Gregory Ducongé announced its involvement in Mocean’s technology in 2019 just before the company launched. Photo by Chris Brown. Hyundai’s carsharing venture, Mocean, announced it will be ending service at the end of 2021, according to an email the company sent on Nov. 22. The final day members can take a carshare trip is Dec. 27.… Continue reading LA-Based Mocean Carshare Ends Service
One-Fourth of All 3Q Car Buyers Considered EVs or Hybrids
Nearly a quarter of all new-vehicle shoppers in the third quarter considered an electrified vehicle, either a full electric vehicle or a hybrid, according to the Q3 2021 Kelley Blue Book Brand Watch report. That is the highest level of interest in electrified vehicles that the report has ever measured. The report, summarized Nov. 18… Continue reading One-Fourth of All 3Q Car Buyers Considered EVs or Hybrids
The Next Frontier for Car Rental Companies is Sharing Cars
The car rental industry has proven to be resilient throughout the past few years, weathering global lockdowns, supply chain issues, and changing consumer demands. This is a mature industry that continues to survive recessions and adapt to a changing mobility landscape. Despite the challenges that came with the pandemic, there have been some notable wins… Continue reading The Next Frontier for Car Rental Companies is Sharing Cars