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Customers are spending more to travel more this year as penned up demand likely will yield to a more normal price-competitive market.
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The overall used-vehicle inventory volume is still considered limited and has been stuck in the 2.2 million to 2.3 million range for the past four months.
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September auction sales bolstered prices through the channel, but wholesale is at a crossroads, mainly from concerns about the UAW strike possibly slowing new retail sales and moving buyers into the used market.
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The fourth quarter should bring stable pricing among buyers and sellers, which should reflect only modest changes between now and the end of the year.
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From a local rent-a-car brand in Zagreb, Croatia, the global brand has grown to span 300 locations across 35 countries.
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Since the labor actions started Sept. 15, the U.S. has ample inventory for now from the Detroit automakers that should keep steady supply through the end of the month. The all-important Ford F-150 had 97 days of supply at the start of October.
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American Car Rental Association president Sharky Laguana recently penned an op-ed article recommending innovative approaches to stem persistent vehicle break-ins plaguing the City by the Bay.
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To better understand the U.S. rental market, Auto Rental News is conducting a business outlook survey of U.S. franchised and independent operations. Survey takers will be entered to win a free registration to the International Car Rental Show.
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As part of its pans to introduce 4,000 electric vans to its fleet through 2025, Ryder has made 600 available in California, Texas, and New York.
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The leading auction and consignor professional trade organizations will work together in the areas of EV safety, consignor-auction transaction standards, and industry education.
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