New-vehicle affordability in May was much worse than a year ago when prices were lower and incentives were higher. Source: Cox Automotive / Moody’s Analytics New-vehicle affordability worsened again in May, with increases in interest rates and vehicle prices outpacing income growth, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. The number of median… Continue reading New-Vehicle Affordability Declines Again in May
Author: Auto Rental International Online News
Gas Prices Influence Still-Low New-Vehicle Inventory in May
Among vehicle segments, compact cars had the lowest inventory after small volume high-performance cars. Also at the low end were hybrids, midsize cars, minivans and compact SUVs. Source: Cox Automotive New-vehicle inventory remained at the same level it has been for months, according to Cox Automotive’s analysis of vAuto Available Inventory data, despite comments from… Continue reading Gas Prices Influence Still-Low New-Vehicle Inventory in May
Prices Inch Down as Used-Vehicle Supply Holds Steady
The average listing prices have been edging down since May 9. Further declines should continue over the summer. Source: Cox Automotive In contrast to new vehicles that are seeing rising prices, the average listing price of used vehicles has begun to inch down ever so slightly as supply holds relatively steady, according to the Cox… Continue reading Prices Inch Down as Used-Vehicle Supply Holds Steady
EV Reservation Data Reveals Frantic Demand from Truck Buyers
There’s a trend of over-ordering happening for electric trucks, as no one is sure which manufacturer will deliver these new trucks. About 89% of Tesla Cybertruck reservations overlap with another truck pre-order, and 100% of F-150 and Silverado reservation holders also pre-ordered another vehicle on this list. Source: Recurrent Recurrent, a firm that analyzes electric… Continue reading EV Reservation Data Reveals Frantic Demand from Truck Buyers
VW Offers Glimpse of First All-Electric Sedan
Design sketches of the the VW ID. AERO all-electric concept luxury sedan debut on June 27. The vehicle will first roll out next year to the Chinese market. Photo: VW The Volkswagen brand is releasing exclusive design sketches of the ID. AERO concept vehicle, the first fully-electric luxury limousine-style sedan for the Chinese automobile market,… Continue reading VW Offers Glimpse of First All-Electric Sedan
Virtuo Continues European Expansion
Virtuo will now have about 6,000 vehicles available for rent this summer as a result of the expansion. Photo: Virtuo On-demand car service provider Virtuo announced in a statement the company’s expansion in Europe, by offering its on-demand car rental service in Germany and Portugal, and adding five new cities in France, Spain, Italy, and the U.K. Since… Continue reading Virtuo Continues European Expansion
Europcar Mobility Group to Replace Board of Directors
Caroline Parot, the current CEO of Europcar Mobility Group, plans to leave the company after its Annual General Meeting. Photo: Europcar Green Mobility Holding S.A., a bidder consortium consisting of Volkswagen, Attestor, and Pon Holdings, has announced changes to leadership positions at the Europcar Mobility Group. Europcar Mobility Group’s current one-tier Board of Directors will… Continue reading Europcar Mobility Group to Replace Board of Directors
Getaround Partners with Massachusetts City on Contactless Carsharing
The carsharing program in Salem will offer nine all-wheel drive Ford Escape hybrid vehicles via the Getaround app platform. Photo: Getaround Digital carsharing marketplace Getaround announced in a statement a partnership with the City of Salem, Massachusetts, to increase access to reliable transportation and address, through car sharing, issues related to traffic, pollution, and congestion.… Continue reading Getaround Partners with Massachusetts City on Contactless Carsharing
Free2move Adds Plug-In Hybrid Jeeps to Madrid Mobility Hub
With the integration of these new plug-in hybrid models to the 100% sustainable fleet of the Peugeot e-208 and Citroën Ami, the brand continues its focus on reducing pollutant gas emissions. Source: Free2move Mobility solutions provider Free2move announced in a statement the arrival of 150 plug-in hybrid Jeep (Renegade Trailhawk and Compass Limited) vehicles in its mobility hub fleet,… Continue reading Free2move Adds Plug-In Hybrid Jeeps to Madrid Mobility Hub
Finalrentals Opens Toronto Location
Entering Canada will mark the 10th country for Finalrentals. Photo: Finalrentals European car rental brand, Finalrentals, continued the expansion of it’s partner program in Canada, and the affiliate program has been awarded to a local car rental company in Toronto. Announced in a statement, the affiliate was activated after a successful ICRS, International Car Rental… Continue reading Finalrentals Opens Toronto Location