Sixt issued a forecast for the full year for the first time since the outbreak of the pandemic, but the forecast was conditioned on assumptions that the COVID-19 pandemic stays in check, that price levels remain high, and that vehicle supply shortages won’t worsen.
Hybrids and plug-ins still dominate the electrified market, but with quarter-over-quarter sales up 201%, automakers are pointing to a future with more EVs.
Less than third of auto maintenance businesses that service battery and hybrid electric vehicles have invested in specialized tools/equipment and additional technician training.
The latest trends in key indicators suggest wholesale used vehicle values will continue to see depreciation in the days ahead.
Chip shortages and surging demand are squeezing used vehicle sales while inflating prices.
Argo AI and Ford will deploy Ford self-driving cars, with safety drivers, on the Lyft network with passenger rides beginning in Miami later this year and in Austin starting in 2022.
For the first time in a decade, vehicle buyers were essentially paying sticker price (MSRP) for new vehicles.
Sonoran National’s exclusive Rental Counter Products program includes supplemental liability insurance, renter’s liability protection, and personal accident/effects products.
Hertz and Discover the World have held a long-term partnership for more than 26 years, operating as the Hertz general sales agent across many Asian countries as well as in the Ukraine and Guatemala.
Key reasons: Prices paid moved higher, incentives declined, and estimated median incomes fell.
Owners should park their vehicles outside until further notice.
The pilot program underway at two sites to expand capabilities will provide more vehicle data to clients.
Market watchers had been expecting this slowdown to come earlier in the summer, but deals could still be made. Now there just isn’t enough product available.
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