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Surprice Opens Two Rental Branches In Japan
The launch highlights the global car rental operation’s growing presence in Asia.
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SEARCHMENUSEARCHThe launch highlights the global car rental operation’s growing presence in Asia.
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After edging higher for a couple of months, available supply dipped by the end of August.
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The new information is part of the company's efforts to provide clear, accurate and actionable data in vehicle inspections.
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Commercial clients stand to benefit from more streamlined and standardized reporting and timely performance results.
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Tight vehicle inventory continues to vex the auto industry while high prices deter buyers.
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Despite lower production, there are more vehicles ready to be sold due to sales losing momentum since June.
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But sales are declining as car shoppers face limited inventory, high prices and historically low incentives.
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The profit index sets another record high, while the price pressure index increased modestly.
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CPO sales are up 12% versus the same time in 2020 and are marginally above the same period in 2019 when a record-high 1,900,589 units were sold.
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The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
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August figures show sales into rental increased 118% year over year in August and are up 7% compared to the same time period last year.
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