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News•by Staff•January 4, 2024

2024 Auto Rental News Fact Book Arrives Online

The annual compendium of stats, info, trends and tidbits points to renewed business activity across the car rental industry.

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News•by Martin Romjue•January 3, 2024

2023 Fleet Vehicle Sales Soar Past 2 Million Mark

The end-of-year tallies show a healthy 28% annual increase across commercial, rental, and government fleet sectors.

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Articles•Cover Story•January 3, 2024

Industry Trends: What’s Driving the Rental Market Today?

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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News•by Martin Romjue•December 19, 2023

Annual U.S. Car Rental Revenue Tops Itself Again at $38.3 Billion

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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News•by News/Media Release•December 15, 2023

New-Vehicle Inventory Surpasses 2.5 Million, 71 Days’ Supply

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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News•by Martin Romjue•December 6, 2023

November Fleet Sales Results Mixed, Still Up YTD

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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Articles•by Martin Romjue•December 4, 2023

Vehicle Markets in Flux: How Are Fleets Doing?

The recent Fleet Forward Conference presented updates to the fleet, used vehicle, and electric vehicle supply and demand.

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Articles•November 30, 2023

3 Headwinds That Will Batter the Auto Industry

Analysis: Slowing EV adoption, an expensive UAW labor contract, and higher consumer interest rates will diminish the profits and gains of recent years.

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News•by News/Media Release•November 28, 2023

Used EV Prices Tank as Demand Craters

The latest numbers add up to a gutpunch for the resale values of used electric vehicles as the early adopter market for EVs taps out and mainstream vehicle buyers remain cautious.

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News•by Staff and News Reports•November 21, 2023

Final UAW Strike Update: Contract Ratified

Culminating in over 45 days on the picket line, members at each of the Detroit Three have approved new contracts in favor of the UAW.

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