The new inspection format builds on the condition information produced by the Manheim Express app, such as immersive, 360-degree images; movable images to see depth of damage; audio and video tags to assess engine noise; interior 360s and more. Photo: Manheim In response to client feedback, Manheim is introducing an enhanced vehicle inspection solution that provides even… Continue reading Manheim Express Introduces Enhanced Vehicle Inspection, Digital Condition Report
Author: Auto Rental International Online News
New-Vehicle Supply Still Low but Starting to Stabilize
National Days Supply by Vehicle Brand Chart: Cox Automotive After slumping to historic lows in July, new-vehicle inventory, based on days of supply, showed signs of stabilizing as the U.S. industry entered August, according to a Cox Automotive analysis of vAuto Available Inventory data released Aug. 11. Still, overall inventory remains far lower than normal… Continue reading New-Vehicle Supply Still Low but Starting to Stabilize
AutoIMS 2Q Report Shows Leaps in Converstion Rate, Sale Prices
AutoIMS uses an array of superheroes to promote its quarterly Industry View report. Graphic: AutoIMS With two quarters of data accumulated, AutoIMs is gaining more clarity about key industry remarketing and auction trends, according to its latest quarterly report released Aug. 9. One defining mega-trend is low vehicle volume for the foreseeable future. Among notable… Continue reading AutoIMS 2Q Report Shows Leaps in Converstion Rate, Sale Prices
Hertz Posts Strong Q2 Earnings Margins, Plans New IPO
Hertz said it expects to relist on a major exchange by year-end 2021. Photo via Atomic Taco/Flickr. Hertz Global Holdings announced financial results for the second quarter of 2021 on August 9. For Q2, the company generated total revenues of $1.9 billion, attributed to strong leisure travel demand and tighter fleet inventory. Adjusted corporate EBITDA was $639 million, resulting in… Continue reading Hertz Posts Strong Q2 Earnings Margins, Plans New IPO
African Car Rental Company’s Future Uncertain Amidst Scandal, CEO Death
Family drama, leadership exodus, and financial uncertainty, are at the heart of Impala Car Rental’s current state. The company has 21 offices in Zimbabwe, including Harare, the country’s capitol. Photo: Harare, Zimbabwe from Erik Törner/flickr Zimbabwe’s Impala Car Rental is facing numerous challenges in the wake of multiple recent incidents that brought on negative press. Thomas Dondo, Impala’s… Continue reading African Car Rental Company’s Future Uncertain Amidst Scandal, CEO Death
Rental Car Employee Charged in 11 Car Thefts
The vehicle thefts occurred between Feb. 17 and Feb. 27 on the Enterprise lot at Louisville Muhammad Ali International Airport. Photo via PxHere. An employee of Enterprise Rent-A-Car has been arrested after police said that he arranged the theft of 11 rental vehicles, according to a report by WDRB.com. One of the rental vehicles was… Continue reading Rental Car Employee Charged in 11 Car Thefts
Ford Reports Robust Growth in EV Sales, Orders
F-150 Lightning reservations exceeded 120,000. Almost 80% of the fully electric Lightning truck customers are coming from other brands, with most orders coming from California and bringing new people to the full-size truck segment. Photo: Ford Ford released July 2021 sales figures on Aug. 4 with the following highlights and tidbits of interest, particularly in… Continue reading Ford Reports Robust Growth in EV Sales, Orders
nterprise Holdings Awards $7M to 700+ Nonprofits
Enterprise Holdings first announced the ROAD Forward commitment in November 2020. Photo via Depositphotos. Enterprise Holdings, through the Enterprise Holdings Foundation, is awarding its inaugural local Enterprise Holdings Respect, Opportunity, Achievement, and Diversity (ROAD) Forward grants to nearly 700 nonprofit organizations addressing social and racial equity gaps facing youth and families in communities across the globe. Combined, the grants total more… Continue reading nterprise Holdings Awards $7M to 700+ Nonprofits
Free2Move Launches Monthly Subscription Service in D.C.
Free2Move’s new on-demand car rental service is available through an app. The service launches in Washington, D.C. with a fleet of Jeep Renegades. Image: Free2Move Free2Move launched a new Car On Demand service in Washington, D.C. This month-to-month subscription program can be accessed through the Free2Move app. The solution adds to the company’s portfolio of… Continue reading Free2Move Launches Monthly Subscription Service in D.C.
How Are Electric Vehicles Affecting Repair Shops?
With the increasing market penetration of BEVs/HEVs and rapidly evolving technologies, independent repair shops who service these vehicles recognize the importance of keeping up with current information. Photo: Noyafields / Flickr Of independent repair shops that service battery-electric vehicles (BEVs) and hybrid electric vehicles (HEVs), 89% have seen an increase in the number of BEVs… Continue reading How Are Electric Vehicles Affecting Repair Shops?