The program extensions give loyalty members more flexibility to use their benefits when and how they want to use them. Enterprise Rent-A-Car and National Car Rental announced in a statement the company is expanding several loyalty benefits set to expire soon. First, National Car Rental’s Emerald Club program free rental days previously set to expire on Dec. 31, […]
Enterprise and National Expand Loyalty Benefits Read More »
The PART Act has broad support from industry associations such as NADA, NAFA, ATA, TRALA, and ACRA, the American Car Rental Association. U.S. Senators Amy Klobuchar (D-Minn.) and Ron Wyden (D-Ore.) have introduced legislation to combat the rise in catalytic converter thefts, according to a news release. The Preventing Auto Recycling Thefts (PART)
Legislation Introduced to Combat Catalytic Converter Thefts Read More »
Maintaining the trend from October, all eight major market segments saw seasonally adjusted prices that were lower year over year in the first half of November. Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.4% from October in the first 15 days of November, according to the mid-month
Wholesale Used Vehicle Prices Inch Up This Month Read More »
The average listing price was $27,564 at the end of October, down from the revised $28,266 at the end of September. That price is only 2% ahead of a year ago. Used-vehicle asking prices fell throughout October to their lowest average since April as inventory matches pre-pandemic 2019 levels, according to the
Average Used-Vehicle Asking Price Lowest Since April Read More »
Asian non-luxury brands and Japanese and European luxury brands continue to have the lowest inventories as measured by days’ supply. New-vehicle inventory closed October at its highest level since May 2021, and prices stayed high, according to Cox Automotive’s analysis of vAuto Available Inventory data released Nov. 16. Over the past three
Most Brands See New Vehicle Supply Rebound Read More »
The affordability index from Cox/Moody’s hit another peak, with monthly payments averaging a record $748, and the average new vehicle price reaching $48,281. New-vehicle affordability declined again in October with auto loan rates reaching a 20-year high as prices increased slightly, according to the lateset Cox Automotive/Moody’s Analytics Vehicle Affordability Index released
New-Vehicle Monthly Payment Hits Another Record High Read More »
The dealer rental services are available at 38 Audi dealerships, with more to come through the end of 2022. Audi of America has announced the rebrand of its Silvercar by Audi rental business to Audi on demand. With a new name and long-term rental options, the mobility offering allows Audi vehicles to be reserved
Silvercar by Audi Becomes Audi on demand Read More »
Ravin’s AI vehicle inspection technology produces a condition report that can be generated in seconds. Ravin AI, a provider of automated artificial intelligence (AI) solutions for vehicle inspections across the fleet, rental, used car, and insurance industries, announced in a statement that its AI technology is being piloted by Hertz in Sweden and Norway in an
Hertz, Ravin AI Partner on AI Vehicle Inspection Pilot Read More »
The 40-amp chargers accommodate vehicles with bigger batteries, which is important as auto manufacturers introduce EVs with longer ranges enabled by larger batteries. EvoCharge, a provider of electric vehicle supply equipment and cable management, said Nov. 14 it has launched its line of 40A charging stations for residential home and commercial charing.
EvoCharge Releases 40-Amp Level 2 EV Charging Stations Read More »
The Electric Highways Study provides a blueprint for the strategic buildout of fast-charging sites along highway corridors to meet an upcoming surge in demand from the electrification of passenger vehicles and commercial trucks. Electric vehicle (EV) charging needs along Massachusetts and New York highways will require interconnection to high-capacity transmission lines in
High Voltage Power Grid Vital for Future EV Charging Demand Read More »
