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Activity in pricing adjustments was ‘pretty substantial,’ reports Ricky Beggs, managing editor of Black Book, adding that with more than 2,300 vehicles adjusted each day throughout the week, the trend is very similar to the previous two weeks.
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In this web-exclusive Q&A with Ivomir Stanchev of Top Rent A Car in Bulgaria, we get an inside look at how this company has grown from 20 vehicles to more than 300 since opening in 2003.
Read More →Ricky Beggs, managing editor of Black Book, presents the Oct. 31 edition of "Beggs on the Used Car Market." In his weekly video, he discusses the performance of the various car and truck market segments, and the possible role of changing fuel prices.
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Average auction rates for rental risk units remain above this mark for the fifth month in a row.
Read More →Sixt Group’s pre-tax earnings double, rental revenue rises 11.9 percent in first half.
Read More →Adesa reports that wholesale used vehicle prices in May averaged $10,460 – down 1.1% compared to April and 0.8% lower than May 2010.
Read More →Hertz Dealer Direct allows auto dealers to search for vehicles that are currently on rent and available for sale, as well as vehicles that are immediately ready for wholesale purchase and pick up.
Read More →With this partnership, ABN members who purchase a car through Hertz Rent2Buy will receive $100 off the purchase price of the vehicle.
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In his monthly commentary, Tom Kontos states that continued tight used vehicle supply should keep pricing solid in December and into the first few months of 2011.
Read More →Favorable deals with the OEMs, a mix of vehicles with higher residual values and higher-return remarketing channels all bode well for continued lower fleet costs, says equity research firm MKM Partners.
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