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Second quarter numbers show emerging competition for buyer choices as more models enter the market.
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KAR expects to be immediately profitable across its North American dealer-to-dealer platforms while enhancing its position in the highly fragmented wholesale used vehicle market.
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The decrease in U.S. auto sales is due to historically low new-vehicle inventory levels, which are over 50% lower than they were a year ago.
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Jobs are available at the airport’s rental car companies, shops, restaurants, as well as airport services.
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Kyte, an on-demand car rental service that delivers vehicles to drivers, has expanded to Seattle, its eighth city of operation.
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Enterprise Car Club is adding four Toyota Yaris and four Hyundai IONIQ hybrid electric vehicles in Scotland’s Highlands and Islands region.
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Acquired by local entrepreneur Kal Abushabaan, the operation will initially cover two Houston downtown locations, with further downtown destinations in the city planned for later in the year.
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Though overall revenues for the quarter were underwater by about 20% compared to the same period in 2019, Sixt posted a 6.3% earnings increase. While Sixt issued full-year forecast, it cautioned that uncertainty remains especially for the fourth quarter.
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High prices and relatively tight inventory keep more buyers at bay.
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The average listing price reached $25,500 as July closed, after surpassing the $25,000 mark for the first time ever in June.
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