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U.S. Buoys Sixt’s Q1 Performance

U.S. Buoys Sixt’s Q1 Performance

Sixt SE managed -$16.6 million in earnings before taxes in the first quarter of 2021, with business improving sequentially. U.S. is a bright spot while Europe continues to be affected by the lockdown.

May 14, 2021

Stockholders Claim Victory in Hertz Bankruptcy Auction
Porsche Bank Launches sharetoo, Subscription Service in Europe
Manheim: Mileage on Rental Risk Units Reach Record Highs

Manheim: Mileage on Rental Risk Units Reach Record Highs

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

Europcar Mobility Group Achieves the UN Global Compact 'Advanced' Level
Avis Licensee Prevails in Georgia Liability Case

Avis Licensee Prevails in Georgia Liability Case

The Georgia Supreme Court ruled that the licensee could not be held liable for injuries to third parties caused by the driver of a stolen rental car — who was also an Avis employee.

May 10, 2021

Bluebird, Autofleet, and ABeam Partner to Optimize, Scale One of Asia’s Largest Taxi Fleets
Auctions That Grew Through a Tough Year

Auctions That Grew Through a Tough Year

The Conference of Automotive Remarketing will feature examples of auction companies that not only survived the decreasing vehicle volumes during the pandemic but expanded their business.

May 10, 2021

Hertz Posts Positive EBITDA in Q1

Hertz Posts Positive EBITDA in Q1

Hertz Global Holding’s adjusted EBITDA in the U.S. of $24 million in the first quarter of 2021 is truly a remarkable achievement.

May 9, 2021

Wholesale Prices Kept Record-Setting Performance
KAR Global Acquires Auction Frontier To Expand Digital Marketplaces
Agero Launches New Service for Fleet Transport and Delivery
Dealers Drive Manheim's Digital, Physical Marketplaces to All-Time Highs
April Fleet Sales Retreat After March Improvement
Integration of Car Rental and Mobility Platforms Enables 500k Rental Cars