Used Vehicle Values Fall By 20% Since 2021 Peak
Manheim expects constrained growth with a volume increase of less than 1% in 2024, indicating a return to a more normal market.
Manheim expects constrained growth with a volume increase of less than 1% in 2024, indicating a return to a more normal market.
The annual compendium of stats, info, trends and tidbits points to renewed business activity across the car rental industry.
The end-of-year tallies show a healthy 28% annual increase across commercial, rental, and government fleet sectors.
The product leverages artificial intelligence and computer vision technology to provide a virtual overlay of any exterior damage detected on a vehicle, making it easier to spot hail, paint peel, detached panels, broken lights, rust, scratches, dents and cracks.
While rental car companies continued to grow business in 2023, the rate of increase since the pandemic is easing back to normal levels.
EV inventory is stacking up on dealer lots as consumers spooked by high prices and sparse charging stations second-guess or resist buying them.
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.
The car rental provider will become certified in the highest automobile-focused safety standards that complement its luxury travel services.
USAF fighter pilot Michelle “MACE” Curran will bring lessons of how overcoming fears can propel success in her keynote presentation at the International Car Rental Show.
The event hit record high attendance and exhibit space as speakers delved into many business aspects of the nation's auto rental industry.
Analysts are expecting a measured movement through December and the year, which should reach the January forecast for a 4% year-over-year decline.
Bobit releases the latest aggregate numbers for specific fleet sectors as total sales look to close out 2023 well ahead of last year.
The company started operating at Ioannina Airport in Greece and won a prestigious travel industry award for the third year in a row.
The improved digital marketplace will provide a secure one-stop-shop experience with best-in-class cross-border services and real-time delivery options.
Knight served as vice-president of airport concessions and properties at Fox Rent a Car for 22 years and was former president and board member of the American Car Rental Association (ACRA).
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