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The auto rental giant is hiring a new CFO and COO who are replacing predecessors who have been in the roles for less than a year.
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The share of new-vehicle sales from luxury brands drove up average transaction prices, when combined with fewer discounts and incentives, caused new vehicle affordability to fall.
Read More →CAR 2024: An all-star panel of economists and data analysts find that used/wholesale vehicle prices and values will remain above the previous “normal” levels last seen in the late 2010s.
Read More →ICRS 2024: The annual industry update relayed positive signals for overall industry growth amid some uncertainties and volatility for auto rental fleets.
Read More →Sharky Laguana of the American Car Rental Association will help shape EV-related policies with car rental and private ground transportation priorities in mind.
Read More →CAR 2024: Unlike a combustion engine, an EVs long-term value is maintained daily, based on the unique charging habits and battery management of its owner.
Read More →The I-15 charging infrastructure will be suited to all electric fleets, including light- to medium-duty vehicles.
Read More →Former Delta Airlines COO Gil West will succeed Scherr, previously a three-decade executive leader at Goldman Sachs, on April 1.
Read More →Managing EV charging expenses and payments can help smooth the transition to running electric fleet vehicles.
Read More →With new-vehicle inventory rising in the U.S., downward price pressure and higher incentives appear to be key drivers of the market’s momentum.
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