Author: Auto Rental International Online News

Sixt’s Second Quarter Results on Par with Record 2019

This quarter, U.S. operating revenues increased 4x compared to Q2 2020. New locations at various U.S. airports are a large contributor to Sixt’s growth. Photo: Sixt In the second quarter of 2021, Sixt Group’s business performance is on par with the record year of 2019, the company reported in a press announcement. Consolidated earnings before taxes (EBT)… Continue reading Sixt’s Second Quarter Results on Par with Record 2019

Used Vehicle Sales Slowing After Quick Spring Pace

Used Vehicle SAAR and Volume Graph: Cox Automotive Total used-vehicle sales were down 18% year-over-year in July, according to Cox Automotive estimates. The seasonally adjusted annual rate (SAAR) of sales declined to 36.9 million, down from 44.8 million in July 2020, which was a strong used-vehicle sales month and the early days of the initial… Continue reading Used Vehicle Sales Slowing After Quick Spring Pace

Used Vehicle Prices Set New Records Amid Tight Supply

Average used vehicle listing price based on 30-day sales. Graph: Cox Automotive The average listing price for used vehicles set another record in July as vehicle inventory remained tight, according to the Cox Automotive analysis of vAuto Available Inventory data. The days’ supply of vehicles inched higher, but only because sales slowed. The average listing… Continue reading Used Vehicle Prices Set New Records Amid Tight Supply

GM Expands Chevrolet Bolt Recall to All Model Years

The 2022 Chevrolet Bolt EUV was added to the recall list by GM on Aug. 20, 2021. Photo: GM General Motors on Aug. 20 widened an ongoing recall of the Chevrolet Bolt EV to cover the remaining 2019 and all 2020-2022 model year vehicles, including the Bolt EUV, according to a press release. In rare… Continue reading GM Expands Chevrolet Bolt Recall to All Model Years

Photo Highlights: 2021 International Car Rental Show

Photo Highlights: 2021 International Car Rental Show – vEvents – Auto Rental News 0/16 August 17, 2021 Photo Gallery View Photo Gallery Held from August 15-17 at Caesar’s Palace in Las Vegas, hundreds of car rental professionals gathered to hear the latest insights and trends from expert speakers, visit with vendors, and network with peers.… Continue reading Photo Highlights: 2021 International Car Rental Show

Used Vehicle Values Decline Slightly in August

Manheim Used Vehicle Value Index, Mid-August 2021 Graph: Manheim/Cox Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.8% in the first 15 days of August compared to the month of July, Manheim reported Aug. 17. This brought the Manheim Used Vehicle Value Index to 193.7, a 18.3% increase from August… Continue reading Used Vehicle Values Decline Slightly in August

Expedia Report Shows Growth in Global Travel Searches

According to Expedia Group’s Traveler Value Index Research, which surveyed respondents in eight countries around the world, 72% of consumers are planning on traveling over the next 12 months. Photo via Pexels. Expedia Group Media Solutions has released its Q2 2021 Travel Recovery Trend Report. The quarterly report combines Expedia Group first-party data and custom research with insights to help travel marketers on their road to recovery.   “Throughout Q2, we… Continue reading Expedia Report Shows Growth in Global Travel Searches

IARA in Final Stretch to 20th Anniversary Summer Roundtable

Graphic: IARA The International Automotive Remarketers Alliance is preparing for a robust 20th anniversary Summer Roundtable in San Antonio, Texas, on Aug. 24-26 that will offer plenty to learn and talk about. “Not only are we excited to be celebrating our longevity, but more so, the opportunity to return to in-person events and enjoying time… Continue reading IARA in Final Stretch to 20th Anniversary Summer Roundtable