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Rethink The Future To Avert A Race To The Bottom
Rental car operators heard a sobering industry message and a stern challenge at the close of the International Car Rental Show.
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SEARCHMENUSEARCHRental car operators heard a sobering industry message and a stern challenge at the close of the International Car Rental Show.
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Inventory levels reach the highest point since June 2020 while the number of buyers who can afford a new vehicle is the best since June 2021.
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Rental fleet sales gain by a fifth compared to last year while commercial fleet sales dip by double digits.
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The global auto rental provider and Detroit OEM will apply enhanced technology to improve rental car operations at customer locations.
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The technologies ready to streamline and strengthen the car rental industry also come with uncertainties and challenges.
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The annual compendium of stats, info, trends and tidbits points to renewed business activity across the car rental industry.
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The end-of-year tallies show a healthy 28% annual increase across commercial, rental, and government fleet sectors.
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Independent and franchised car rental operators share their perspectives on vehicle availability and cost, fleet mix, car rental rates, incorporating technology and telematics — and how they plan to grow and change.
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While rental car companies continued to grow business in 2023, the rate of increase since the pandemic is easing back to normal levels.
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The total U.S. supply of available unsold new vehicles in November climbed 57%, or 925,000 units, from the same time a year ago.
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Bobit releases the latest aggregate numbers for specific fleet sectors as total sales look to close out 2023 well ahead of last year.
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