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In June, the new vehicle SAAR (seasonally adjusted annual rate) climbed to almost 17 million — with the help of higher sales into rental, according to Manheim Consulting.
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Some rental operators net pre-tax 20 cents or more on the dollar. With the right plan and enough drive, you can too, advises industry consultant Neil Abrams at the Car Rental Show.
Read More →Established in 1999, Nexus connects vehicle rental companies with corporate customers via a proprietary online booking and rental management system.
Read More →Apple is leasing a small fleet of vehicles from Donlen, Hertz's fleet management division, to test its self-driving technology.
Read More →According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in November averaged $9,862 — up 1.8% compared to October and up 1.1% relative to November 2013. Additionally, SUVs and luxury cars had strong month-over-month gains.
Read More →The latest Kontos Kommentary looks at February wholesale pricing, which dropped by 2.8% compared to January.
Read More →Wholesale used vehicle prices declined in May, according to both Manheim Consulting and ADESA. Auction prices for rental risk units were down more than 10% from a year ago, according to Manheim.
Read More →Wholesale prices for trucks were up 7.3% on a year-over-year basis while cars were down 1.3%, according to ADESA.
Read More →Wholesale used vehicle prices in February averaged $10,202 — down 0.5% compared to January but up a modest 0.3% relative to February 2015, according to ADESA's monthly analysis. Cars and minivans continue to show year-over-year declines while SUVs/crossovers and pickups show gains.
Read More →Consumers and dealers may be "pushing back" at the high price of used vehicles.
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