In terms of its progress fleeting electric Teslas, Hertz said it has launched in over 30 markets with over one thousand Level 2 chargers installed. Hertz reported 80% utilization on those Teslas, though did not report its EV fleet size. Photo: Hertz Hertz Global Holdings reported total revenues of $1.8 billion in the first quarter of 2022,… Continue reading Hertz Boosts Q1 Revenue 40%
Author: Auto Rental International Online News
Hertz Announces New Chief Product Development Officer
Ned Ryan is an entrepreneurial leader, passionate about building products and teams with a focus on mobility. Photo: Hertz Hertz announced in a statement that Ned Ryan will join the company as chief product development officer, effective May 9. Ryan will oversee efforts to deliver connected products and technology to enhance the customer experience as Hertz assumes an increased role… Continue reading Hertz Announces New Chief Product Development Officer
2022 ICRS: Renewed Vitality, Unprecedented Challenges
Gary Smith, chief countries officer for Europcar Mobility Group, presented the opening keynote address to a packed room along with Gerardo Bermejo, newly appointed managing director of Europcar Mobility Group USA. Photo: Ross Stewart, RMS3Digital By 8 a.m. on Monday, the Champagne Ballroom at Paris Hotel was already packed for a pre-conference session. The International Car… Continue reading 2022 ICRS: Renewed Vitality, Unprecedented Challenges
Photo Highlights: 2022 International Car Rental Show
Photo Highlights: 2022 International Car Rental Show – vEvents – Auto Rental News 0/22 April 27, 2022 Photo Gallery View Photo Gallery Over 800 attendees gathered at the Paris Las Vegas Hotel & Convention Center April 24-26, 2022, for the International Car Rental Show. With palpable excitement from speakers, attendees, sponsors, and exhibitors that beat… Continue reading Photo Highlights: 2022 International Car Rental Show
Black Widow, Dent Wizard Partner at Two Indiana Dealerships
A Black Widow digital imaging system is ideal for spotting and documenting dents, dings and all types of details. Photo: Black Widow Black Widow, a supplier of digital auto imaging equipment, announced on April 27 a partnership with Dent Wizard, a provider of vehicle reconditioning services in North America, for Dent Wizard to use Black… Continue reading Black Widow, Dent Wizard Partner at Two Indiana Dealerships
Subaru Prices Its All-Electric SUV Model
Subaru has partnered with EVgo to provide customers with access to a public charging network of more than 46,000 locations across the U.S. This includes access to 800+ public fast charging locations and 1,200+ L2 charging stalls spanning 68 metropolitan areas and 35 states. Photo: Louis Prejean / Bobit Subaru of America, Inc. announced on… Continue reading Subaru Prices Its All-Electric SUV Model
Electrification Coalition Releases Report on Electric Rental Car Program
The Drive Electric Orlando program yielded insights that can serve as a roadmap for successful implementation of electric vehicles in car rental. Photo: Electrification Coalition The Electrification Coalition released a new report today detailing the lessons learned from a first-of-its-kind public-private partnership that brought about the deployment of electric vehicles in a large rental car fleet.… Continue reading Electrification Coalition Releases Report on Electric Rental Car Program
Q1 Rental Fleet Sales Were as Bad as We Thought
The average price for risk units sold through Manheim was up 30% year over year as of figures last month. Photo: Obi – @pixel6propix/Unsplash Sales into car rental fleets for the first quarter of 2022 totaled 164,383 units, according to data collected by Bobit. Quarter over quarter, that compares to 292,873 units in 2021, 461,966 in… Continue reading Q1 Rental Fleet Sales Were as Bad as We Thought
Honda Reveals Extensive Plans to Build Electric Vehicles
Honda introduces its progress toward electrification and business transformation for the future during an April 11, 2022 media conference. Photo: Honda Honda executives outlined an ambitious electrification plan April 11 that devotes almost $40 billion over the next 10 years to electric vehicle-related software technologies that speed up its conversion to more EVs, including R&D… Continue reading Honda Reveals Extensive Plans to Build Electric Vehicles
New Vehicle Prices Ease Down But Still Straddle Above MSRP
New-vehicle average transaction price changes month-over-month by segment saw only cars increasing and all other segments decreasing. Source: Cox Automotive New-vehicle average transaction prices (ATPs) decreased to $45,927 in March 2022 after reaching a record high in December 2021, according to new data released April 11 by Kelley Blue Book. Prices fell 0.3% ($156) month… Continue reading New Vehicle Prices Ease Down But Still Straddle Above MSRP