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Wholesale used vehicle prices remained unchanged between August and September, remaining at 126.9 for September, which is a 1.7% increase from a year ago.
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Airport rates for September are up $5.48 year-over-year, the largest increase since July 2014. But the weekly rates suggest it’s not yet a guarantee that rates are on a long-term upward trend: the rates were up mid-month and then flattened out the last two weeks.
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Cars showed better retention in the last week of September than in the previous four weeks, while trucks depreciated more than they have during that same timeframe.
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California’s Gov. Jerry Brown approved a bill that allows drivers for transportation network companies (TNCs) — such as Uber and Lyft — to use rented or leased vehicles.
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car2go has announced that its carsharing service has crossed the two million global member milestone. In North America, car2go serves 800,000 members.
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Once a month, Jim Schalberg Auto Rental Solutions offers its new operator class at its headquarters in South Carolina.
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Miami-based startup CarHopper is a car rental booking platform that connects car rental companies with those looking to rent a vehicle. Since its launch in early 2016, it has raised $500K in funding.
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Rate-Highway, a provider of revenue management solutions for the auto rental industry, and SwitchForce Global, a provider of central reservation systems for the ground transportation travel industry, have created a new systems standard for recreational vehicle (RV) revenue management and reservations.
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Enterprise Holdings has announced that its Enterprise Rent-A-Car brand has started operating in Argentina, Paraguay, and Curacao this month. The locations will be serving the airports in Buenos Aires, Mendoza, Asuncion, and Willemstad.
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The fourth edition of Auto Rental News International — focused on the Middle East/Africa region — is now available online.
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