Sixt issued a forecast for the full year for the first time since the outbreak of the pandemic, but the forecast was conditioned on assumptions that the COVID-19 pandemic stays in check, that price levels remain high, and that vehicle supply shortages won’t worsen.
July 20, 2021
For April, Manheim’s rental risk unit share fell to the lowest level since 2002. Rental car companies are net buyers, not sellers, of wholesale used vehicles right now, says Cox Automotive’s Jonathan Smoke.
May 11, 2021
Monthly and year-to-date comparisons of rental fleet sales to pre-pandemic periods in 2019 show unprecedented declines.
May 5, 2021
Partnership with CarTrawler allows major car rental companies to rent their cars through the Uber mobile app, with a valet delivery and pickup option managed by Uber.
May 3, 2021
From sleeping at a branch to using a car as an office — despite having no power at home — car rental company employees in Texas weathered the storm to serve customers with resilience and determination.
February 21, 2021
Market watchers are pegging Avis Budget Group’s recent stock spike to the vaccine rollout. They cite the company’s ability to adjust fleet to demand, its solid financial position regarding fleet debt, and its success in removing $2.5 billion in costs for 2020.
December 29, 2020
Wheels Car Rental System decided to thank their staff, vendors, and customers by producing their version of the Jerusalema Dance Challenge. The project got more complicated than expected, but the result will make you smile.
December 11, 2020
The data from KAR Analytical Services demonstrates how rental companies sold into the used car market during the summer, traditionally the industry’s busiest season.
December 9, 2020
The latest Auto Rental News coronavirus survey tells the story of an industry that was initially devastated by the pandemic but is in an encouraging — if slow and uneven — process of recovery.
November 22, 2020
The plan includes waiving dues for ACRA members with 399 vehicles or fewer and the creation of ACRA Army to defend the industry at the state and federal government level.
November 12, 2020
The order requires all new passenger vehicles to be zero-emission in 15 years, though it would not prevent Californians from owning gasoline-powered cars or selling them on the used car market.
September 23, 2020