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Wholesale Prices Hit Record High in July

Wholesale Prices Hit Record High in July

Wholesale used vehicle prices increased 5.84% month over month in July, bringing the Manheim Used Vehicle Value Index to 158 a 12.5% increase from a year ago and another record-high for the Index, which also occurred in June.

August 7, 2020

Green Motion Opens New Istanbul Location
Green Motion Opens in South Africa

Green Motion Opens in South Africa

Initially Green Motion South Africa will open in Cape Town, Johannesburg, Durban, Lanseria, Rhodesfield, and Milnerton with further locations across the country to be announced in due course.

August 5, 2020

St. Louis Airport to Discuss Waiving Car Rental, Other Vendor Fees
New Car Rental Facility Opens at Louisville Airport
National, PGA of America Extend Partnership

National, PGA of America Extend Partnership

These PGA events engage with National’s core consumer target, the business traveler and corporate-decision makers, around their passion for the game of golf.

August 5, 2020

Lyft Partners with Sixt for U.S. Rentals

Lyft Partners with Sixt for U.S. Rentals

Sixt will provide fleet vehicles through the Lyft app in Seattle, Las Vegas, and Miami, with expansion to all cities within the Sixt rental network in the U.S. in the coming months.

August 3, 2020

Wholesale Values Continue Week-Over-Week Growth

Wholesale Values Continue Week-Over-Week Growth

Volume-weighted, wholesale values for overall car and truck segments both showed gains for the ninth week in a row, increasing 1.46% overall last week (compared to 1.45% the prior week).

July 31, 2020

Turo Car Masks Promote Wearing Face Masks in Public
Hannk Mobility App Accepting Tenders

Hannk Mobility App Accepting Tenders

GRCGDS Ltd., the developers of “Hannk” The Car Rental/Car Share Mobile App, is accepting tenders for the supply of additional content from car rental brokers.

July 31, 2020

Enterprise Lowers Rental Age for College Students
ACRA Supports Senate Liability Proposal

ACRA Supports Senate Liability Proposal

As part of the $1 trillion HEALS Act, the Safe to Work Act creates liability protections from lawsuits related to the coronavirus pandemic. The HEALS Act contains some provisions of note for car rental companies.

July 29, 2020

Avis Shows Sequential Improvements in Q2

Avis Shows Sequential Improvements in Q2

While revenue was down 78% in April, Avis Budget Group finished June down 59% from the prior year. Off-airport revenues are “close to pre-pandemic levels.”

July 28, 2020

Hertz Responds to Car Theft Lawsuit

Hertz Responds to Car Theft Lawsuit

The plaintiffs are suing Hertz for "maliciously turning potential civil disputes about payment … into criminal theft reports and prosecutions.”

July 28, 2020

Eurazeo Wants Out of Europcar

Eurazeo Wants Out of Europcar

The investment firm is looking to sell its 29.8% stake in Europcar by September. If a new owner doesn’t emerge, the company would enter talks on a debt restructuring deal.

July 28, 2020