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2025 ARN Fact Book: Rental fleet operators pursued a variety of strategies in running a right-sized fleet and remarketing vehicles at ideal intervals.
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2025 ARN Fact Book: Rental car operators assess fleet vehicle availability, purchasing, and incentives.
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Despite operational challenges and questions, the global car-sharing market continues growing and will likely double during the next decade.
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Rental fleet sales plunged 40% year over year last month, but are still up so far in 2024.
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The deal helps both companies bring complementary services to a fleet clientele demanding high vehicle health and cleanliness standards.
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With the goal of eliminating breakdowns for its customers, the combined companies can provide fleet operations complete services backed by fleet experts and a wide provider network.
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The deal will diversify Ritchie Bros.' truck, construction, and farm equipment customer base by providing it with a larger presence in the vehicle remarketing vertical that has strong industry fundamentals with proven growth.
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The transaction values the India-based carsharing service at approximately $456 million. The combined company, Zoomcar Holdings, is expected to list on Nasdaq.
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The green car rental operator announces its latest expansion at the Larnaca Airport, as well as the addition of Hyundai i20 vehicles to its fleet in Malta.
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The four senior vice presidents take on key roles within a much larger company since AAA was acquired by XLerate Group in December 2021.
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