Cox estimates that used retail sales declined 1% in May from last month as a seasonal trend from the close of tax refund season. Source: Cox Automotive Certified pre-owned (CPO) sales in May fell to 208,423 units, down 7% from April’s 223,999 unit sales and down over 22% from May 2021. May’s CPO sales result… Continue reading CPO Sales Drop 17.5% YTD in May
Author: Auto Rental International Online News
Hertz Wins Award for Uniform Design
Recognized for its corporate apparel design, Hertz was named a winner in the 2022 Image of the Year Award Program. Hertz won the award for the Car Rental Category. Photo: Network Association of Uniform Manufacturers and Distributors (NAUMD) The Network Association of Uniform Manufacturers and Distributors (NAUMD) has announced the winners of the 2022 Image of… Continue reading Hertz Wins Award for Uniform Design
How Top Rent A Car Prevailed through COVID
In 2022, Top Rent A Cat wants to increase its fleet by about 20%, while adding more electric cars. It believes in a “green” future, and is actively preparing for the transition to shared mobility. Photo: Top Rent A Car Top Rent A Car is a national car rental company with 13 offices in Bulgaria. We are… Continue reading How Top Rent A Car Prevailed through COVID
Reduce Your Risk of Vehicle Data Breaches: Tips to Keep Your Information Safe
Not-so-fun fact: Four out of every five remarketed cars sold last year contained personal information, according to Privacy4Cars. Photo: belozersky/depositphotos.com Andrea Amico, founder and CEO at Privacy4Cars, is passionate about privacy and security, and is chock full of stats and facts on how far-reaching data sharing has become and how many companies have access to personal… Continue reading Reduce Your Risk of Vehicle Data Breaches: Tips to Keep Your Information Safe
Wiggling Your Way to the Right Floor Price
Workshop host Joe Miller of AutoIMS with winning “Wiggle Room” team members Kim Waterman of Auction Edge and Jim Maule from Motor Lease on March 18, 2022 at the Conference of Automotive Remarketing in Las Vegas. Photo: Ross Stewart / Stewart Digital Media In perhaps a first of its kind event, about 20 bright-eyed conference… Continue reading Wiggling Your Way to the Right Floor Price
Polestar Starts EV Deliveries to Hertz
The Hertz agreement also includes Polestar models such as the Polestar 1 plug-in electric hybrid and Polestar 3 electric SUV soon to make it’s debut. Photo: Polestar Swedish electric car manufacturer Polestar has begun delivering new Polestar 2 electric cars to Hertz as part of the agreement announced in April 2022, under which Polestar will supply… Continue reading Polestar Starts EV Deliveries to Hertz
New Vehicle Prices Linger at Record Highs
The average price paid for a new non-luxury vehicle last month was $43,338, up $709 from April. Car shoppers in the non-luxury segment paid on average $1,030 above sticker price. Source: Cox Automotive New-vehicle average transaction prices (ATPs) increased to $47,148 in May 2022, according to new data released June 9 by Kelley Blue Book,… Continue reading New Vehicle Prices Linger at Record Highs
Fighting Chargebacks Effectively in the Car Rental Industry
At the 2022 International Car Rental Show in April, Marty Williams of Chargeback Gurus presented a session titled “Winning Customer Payment Disputes the Smart Way” with Sandra Coyle of Fox Rent a Car. Here are some of the top takeaways from the presentation. Knowing when to fight and when to sit it out is important to define… Continue reading Fighting Chargebacks Effectively in the Car Rental Industry
Surprice Car Rentals Expands in Romania
The two locations in Romania add to a growing portfolio of franchises around the world. Photo: Surprice Car Rentals Surprice Car Rentals Romania is now operating in two new destinations, Oradea International Airport and Timisoara International Airport. Located at the border with Hungary, the city of Oradea is the main economic hub for the country and considered one of the most… Continue reading Surprice Car Rentals Expands in Romania
Gas Prices, Inflation Impacting Travel Plans More Than Covid
More than half of respondents said they are likely to take fewer leisure trips (57%) and shorter trips (54%) due to current gas prices. Photo: ConvertKit/Unsplash More than two years into the pandemic, Americans have reported that gas prices and inflation will impact their summer travel decisions more than concerns about COVID-19, according to a… Continue reading Gas Prices, Inflation Impacting Travel Plans More Than Covid