The Sixt managing board expects consolidated operating revenues to be between €2.0 billion and €2.2 billion (previously predicted between €1.95 billion and €2.10 billion). Despite the ongoing pandemic, the company’s mobility services have developed better than expected.
The new platform uses AI for demand forecasting and price optimization for car rentals using 24 indicators.
The UBS study also predicted a $2 trillion "robo-taxi" market by 2030.
More than 102 million people will be on the nation's roadways this holiday season, marking a 4.4% increase over last year and an all-time record high since AAA began tracking holiday vehicle travel in 2001.
Edmunds is forecasting 1,392,434 new vehicles sales through September, representing a 5.4% decline from March and an 8.3% decline from the same time last year.
Used-vehicle values have held strong this year. A strong economy and more efficient remarketing strategies are helping make 2018 a banner year for used-vehicle values.
Automakers should be able to increase global sales of fully autonomous vehicles to 33 million by 2040 from 51,000 in 2021 — the first year of significant volume, according to a forecast from IHS Markit.
A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.
Auto rental rates, according to the survey, are down 21% compared to the last year-end holiday period.
North America hotel and airfare prices are expected to increase, while auto rental rates remain flat. The highest business travel price increases are expected in Asia-Pacific and Latin America.
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