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Only three of eight major market segments saw seasonally adjusted prices that were higher year over year in September. The full-year Manheim Used Vehicle Value Index forecast is expected to finish the year down nearly 14% YOY, up from the second quarter’s revised forecast of a 6% decline.
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The car rental company is offering 25% off long-term rentals to help those who lost their vehicles to the hurricane in Fort Myers, Fla.
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The international car rental company committed to an initial order for several thousand pure-electric vehicles from BYD, with the first deliveries this year. Sixt plans to purchase 100,000 additional EVs from BYD through 2028.
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Ride-switching company MirrorTrip matches a user with other people driving in the opposite direction. This turns a one-way trip into a round trip without having to pay drop-off fees.
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UFODrive, a provider of electric vehicle rental, is now offering a full-service subscription option in eight countries. It will be available for U.S. customers in early 2023.
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The charger, which resembles a gas pump, is engineered for fleet operators, charge point operators, fueling stations, convenience stores, retail centers, heavy duty transit shuttles, school buses, and other specialty vehicles.
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A Premier Global Investment Bank and Medalist Partners provides HyreCar with a $100 million revolving line of credit for the carsharing company's anticipated fleet growth.
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If retail consumers avoid buying new vehicles because of high inflation and interest rates, then OEMs may route more of them into fleet and lease channels.
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A Cox Automotive Mobility white paper delves into "a perfect storm of bottlenecks" for vehicle electrification as supply chain and economic pressures mount.
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After opening in San Francisco, European e-mobility provider UFODrive has launched its electric vehicle rental business in Austin. It plans to open in Manhattan in October.
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