Image: XLerate Group Brightstar Capital Partners, a private equity firm focused on partnering with families, founders, entrepreneurs and management teams, announced Sept. 2 that it has acquired a majority stake in XLerate Group, a leading nationwide car auction and remarketing facilitation company, according to a news release. XLerate’s senior management team and current owner Huron… Continue reading Private Equity Firm Buys Majority Stake in XLerate Group
Author: Auto Rental International Online News
Cox Automotive Starts Plan to Evaluate Used EV Batteries
The new independent, third-party battery health diagnostic tool built by Spiers New Technologies and Cox Automotive Mobility is powered by SNT’s ALFRED battery decisioning platform. Photo: Cox Automotive Cox Automotive Mobility announced Sept. 1 that it acquired Spiers New Technologies (SNT), a service provider for EV battery lifecycle management, according to a press release. The deal marks… Continue reading Cox Automotive Starts Plan to Evaluate Used EV Batteries
Automotive Remarketers Pivot To A Third Decade
The first IARA Summer Roundtable in two years marked its 20th anniversary, with attendees eager to reconnect in the aisles and corridors of the San Antonio Marriott Riverwalk, Aug. 25-26, 2021. Photo: Martin Romjue / Bobit The International Automotive Remarketers Alliance marked its 20th anniversary conference last week, as well as their first live face-to-face… Continue reading Automotive Remarketers Pivot To A Third Decade
KAR, CARWAVE Deal to Grow Online Marketplace
Image: KAR Global KAR Auction Services, Inc.,dba KAR Global (NYSE: KAR), has signed a definitive agreement to acquire CARWAVE Holdings LLC (“CARWAVE”) subject to certain regulatory approvals and other customary closing conditions, the companies announced in a media release on Aug. 23. CARWAVE is an online dealer-to-dealer marketplace featuring certified mechanical inspections, buyer guarantees and… Continue reading KAR, CARWAVE Deal to Grow Online Marketplace
Advocate for Your Car Rental Business: How to Get Involved & Influence Legislation
You don’t need to be a seasoned lobbyist or political expert to be an advocate for your business. This was the focus of two seminars at the recent 2021 International Car Rental Show. (Missed the conference or want to rewatch the sessions? Good news; the seminars are now available online!) ACRA members and directors Sharky Laguana… Continue reading Advocate for Your Car Rental Business: How to Get Involved & Influence Legislation
Cox Automotive Update: August Sales Pace Forecast to be Year’s Slowest
The seasonally adjusted annual rate (SAAR) in August of 14.3 million is the slowest sales pace this year. The auto sales pace was averaging nearly 17.0 million a month through May. Photo: Cox Automotive Group U.S. auto sales are projected to be markedly slower in August due to low supply, according to the latest Cox… Continue reading Cox Automotive Update: August Sales Pace Forecast to be Year’s Slowest
Tampa Airport to Hire Close to 1K Workers
The airport is looking to hire jobs across car rental companies, shops, and airport services. Photo: Dustin Coates via Flickr With airport travel continuing to increase, Tampa International Airport is holding its largest career fair, with close to 1,000 jobs available, according to a report by Tampa Bay Times. Jobs are open at the airport’s… Continue reading Tampa Airport to Hire Close to 1K Workers
Kyte Launches Rental Service in Seattle
The new location is the eighth operating city for the app-based rental service. Photo: Kyte Kyte, an on-demand car rental service, started operating in Seattle earlier this month, according to a report by Geek Wire. Seattle is Kyte’s eighth operating city. San Francisco-based Kyte is now available in Seattle and the Ballard, Fremont, Capitol Hill,… Continue reading Kyte Launches Rental Service in Seattle
Enterprise Car Club Adds Electric Vehicles to Fleet
The new vehicles brings Enterprise Car Club’s fleet to 260 low-emission on-street vehicles across 18 cities in Scotland. Photo: Enterprise Car Club Enterprise Car Club is introducing eight new low-emission hybrid electric cars in the Highlands and Islands region of Scotland, which can be booked using the new GO-HI journey planning app. The GO-HI app enables users to… Continue reading Enterprise Car Club Adds Electric Vehicles to Fleet
Green Motion Signs New Houston Affiliation at the ICRS
Joe Cross (left), Green Motion U.S. Development Manager, Kal Abushabaan (middle), owner of Green Motion Houston, and Brenda Azua (right), Green Motion International franchise development director. Photo via Green Motion. Last week at the International Car Rental Show (ICRS), international car rental brand Green Motion successfully signed up a new affiliation covering Houston, Texas, continuing the brand’s rapid expansion in… Continue reading Green Motion Signs New Houston Affiliation at the ICRS