IARA 20th Anniversary Issue: Chairman and immediate past President Paul Seger and current President Jeff Bescher see positive signs of a more stable vehicle marketplace ahead.
Today’s international market conditions are not so different than they were 20 years ago and there are opportunities to be had (but no one said it was easy).
Manheim's leader looks back on an innovative year and updates the industry on company developments.
Car rental companies have the opportunity to pivot slightly and adapt their fleet and operations to embrace the growing concept of sharing cars. There is a growing demand for more mobility options and car rental companies are well positioned to meet this need.
With the help of industry experts, Automotive Fleet takes a look at the current state of the used-vehicle market and what the near future may hold.
With Hertz’s agreement to rent Teslas to Uber drivers, Hertz feels that renting to an indirect and growing competitor is a good move. Can Hertz and traditional rental companies improve their service levels to compete with Uber and Lyft?
As automakers plan to expand electric vehicle models, car rental companies can serve as a way for consumers to try out these new vehicles. However, EVs pose challenges for rental companies when it comes to factors like recharging and vehicle depreciation.
The poll is live for the 2021 Fleet Vehicles of the Year — vote for your favorite car, truck, and/or SUV, share the link, and help contribute to the next Fleet Vehicle of the Year.
Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.
A variety of factors converged to exert upward pressure on preventive maintenance costs, such as longer vehicle service lives due to limited product availability, the ongoing transition to synthetic oils, and higher labor rates to attract scarce technicians.
Supply chain constraints make it difficult to get replacement vehicles leading to extended cycling of those currently in service. This is pushing the envelope of warranty coverage that is exacerbated by a shortage of replacement parts.
The EV market has totally evolved in the last decade and will continue to change as EVs become more affordable, longer lasting, and more efficient.
From state-of-the-art onboard sensors to wireless telematics and more, Microsoft Azure is going to help Enterprise scale its fleet to a 350,000+ vehicle connected force by the end of the year. A fully connected worldwide fleet may be just five years away.
Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
Many factors converged to exert upward pressure on PM costs, such as longer vehicle service lives due to limited product availability; the ongoing transition to synthetic oils; and higher labor rates to attract scarce technicians.
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