Auto Rental – Cheap Auto Insur Online http://cheapautoinsuronline.com/ Fri, 17 Sep 2021 21:13:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://cheapautoinsuronline.com/wp-content/uploads/2021/06/icon-2.png Auto Rental – Cheap Auto Insur Online http://cheapautoinsuronline.com/ 32 32 ADESA Adds Emissions Codes to Vehicle Condition Reports – Remarketing https://cheapautoinsuronline.com/adesa-adds-emissions-codes-to-vehicle-condition-reports-remarketing/ https://cheapautoinsuronline.com/adesa-adds-emissions-codes-to-vehicle-condition-reports-remarketing/#respond Fri, 17 Sep 2021 19:13:53 +0000 https://cheapautoinsuronline.com/adesa-adds-emissions-codes-to-vehicle-condition-reports-remarketing/ Image: ADESA ADESA, a business unit of used vehicle digital market operator KAR Auction Services, Inc. d / b / a KAR Global, recently added OBD2 emission codes to condition reports of vehicles inspected in ADESA sites, according to a press release. The codes will be added directly from the scan at the inspection point […]]]>

Image: ADESA

ADESA, a business unit of used vehicle digital market operator KAR Auction Services, Inc. d / b / a KAR Global, recently added OBD2 emission codes to condition reports of vehicles inspected in ADESA sites, according to a press release.

The codes will be added directly from the scan at the inspection point and displayed on the ADESA status reports. They will appear as text in a clear and easy to understand table format.

“We are constantly improving our inspection process and condition reports to ensure our customers get the clear, accurate and actionable data they need to be successful,” said John Hammer, Chief Commercial Officer of KAR Global and President of KAR Global. ‘ADESA, in a statement. . “OBD2 scans and the data they provide are nothing new to the industry, but the speed, delivery and clarity of how we display them to our customers is what will have a significant impact. We make sure our buyers and sellers have a faster, clearer path to the key information they need to make informed decisions.

ADESA inspectors will use Bluetooth devices to seamlessly integrate the results directly into the vehicle condition report. If the check engine light is on, the status report will display the corresponding active emission codes. If the check engine light is off and no OBD2 code is displayed, the status report will show “no diagnostic code was reported”.

Srisu Subrahmanyam, COO of ADESA, added: “Armed with OBD2 information at the point of inspection, sellers can easily make pre-sale reconditioning decisions to fix the cause and clear codes before sale, thus adding value to their vehicle. And if no action is taken, buyers who review the status report will have more confidence in the accuracy of the listing, which could lead to more auction activity.

OBD2 scans provide more comprehensive diagnostic information about vehicle lights or issues already disclosed during standard inspections. They give sellers and buyers more detailed information to help understand the root cause (s) and extent of vehicle issues. Codes resulting from an OBD scan will not affect the vehicle’s AutoGrade.

Originally posted on Vehicle Remarketing


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Why Avis Budget Group stock increased 10% today https://cheapautoinsuronline.com/why-avis-budget-group-stock-increased-10-today/ https://cheapautoinsuronline.com/why-avis-budget-group-stock-increased-10-today/#respond Thu, 16 Sep 2021 21:45:00 +0000 https://cheapautoinsuronline.com/why-avis-budget-group-stock-increased-10-today/ What happened Shares of the incumbent vehicle rental operator Budget Opinion Group (NASDAQ: CAR) zoomed into the speeding lane on Thursday, accelerating nearly 10% higher. This was due to a significant change in a recommendation from a leading bank. So what Thursday morning, Bank of America Securities analyst John Murphy increased his recommendation to buy […]]]>

What happened

Shares of the incumbent vehicle rental operator Budget Opinion Group (NASDAQ: CAR) zoomed into the speeding lane on Thursday, accelerating nearly 10% higher. This was due to a significant change in a recommendation from a leading bank.

So what

Thursday morning, Bank of America Securities analyst John Murphy increased his recommendation to buy the stock from the previous neutral. In doing so, he also pushed the gas pedal on his price target, which is now $ 125 per share, down from $ 90. At the new level, the stock now has upside potential of almost 27%, even after today’s big gain.

Image source: Getty Images.

Avis stock has collapsed in recent times, as demand for rental vehicles has increased dramatically as an increasingly vaccinated population longs to break home isolation for some trips elsewhere (or at least one trip). in a decent car more locally). On top of that, disruptions in the supply chain have reduced the production of new vehicles. This drives up rental prices.

Murphy believes that dynamic isn’t going away anytime soon. “A lot of the macroeconomic factors behind the company’s ‘upsurges’ in 2021 are likely to persist until 2022,” he wrote in his latest Avis research note.

“Combined with the ongoing execution by Avis, this is expected to result in upward revisions through 2022 and beyond estimates that the title does not seem to like,” added Murphy.

Now what

Murphy’s argument is certainly compelling and is compounded by the fact that Avis is basically the only viable publicly traded car rental company.

On the contrary, this new analysis underestimates the case, as supply chain problems tend to persist. Once the numbers for coronavirus cases and deaths start to drop significantly, demand is expected to become proportionately stronger.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


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Should you buy auto stocks now? https://cheapautoinsuronline.com/should-you-buy-auto-stocks-now/ https://cheapautoinsuronline.com/should-you-buy-auto-stocks-now/#respond Wed, 15 Sep 2021 19:52:07 +0000 https://cheapautoinsuronline.com/should-you-buy-auto-stocks-now/ (1:15) – What is the impact of semiconductors on the automotive industry? (6:45) – Are automakers a good place to start investing? (3:00 PM) – How to navigate Tesla’s stock? (20:35) – Is the car rental market making a comeback? (26:00) – Does the service industry have the most benefits? (32:50) – Summary of episodes: […]]]>
  • (1:15) – What is the impact of semiconductors on the automotive industry?

  • (6:45) – Are automakers a good place to start investing?

  • (3:00 PM) – How to navigate Tesla’s stock?

  • (20:35) – Is the car rental market making a comeback?

  • (26:00) – Does the service industry have the most benefits?

  • (32:50) – Summary of episodes: GM, F, TM, RACE, TSLA, CAR, R, AAP, AZO, ORLY

  • Podcast@Zacks.com

Welcome to episode # 285 of the Zacks Market Edge podcast.

Each week, Zacks host and securities strategist Tracey Ryniec will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how they impact your life.

This week, she is joined by David Bartosiak, Zacks Stock Strategist and editor of the Zacks Surprise Trader newsletter, who is also a resident automotive expert at Zacks, to talk about what’s happening in the booming auto industry. boiling.

People have been rushing to buy cars since the start of the pandemic to avoid public transportation which has increased demand for cars. But a semiconductor shortage is also wreaking havoc on inventory. It pushed up the prices.

How should investors play this industry?

Stocks rebounded sharply from their 2020 coronavirus lows, but some of them corrected again in 2021.

Is this a buying opportunity?

5 automotive stocks for 2021

1. General Motors GM has always been a fan favorite for investors. The shares have sold 17% in the past 3 months, making them even cheaper. GM has a front P / E of just 8.2. Is it high on Dave’s list?

2. Ford F is also a fan favorite and it is also inexpensive, with a forward P / E of 8. It has also sold in the last 3 months, dropping 15%. It’s time to buy ?

3. Ferrari RACE stocks have gone the other way, up 5% in the past 3 months. This luxury car maker will soon launch its highly anticipated SUV. With a forward P / E of 46, is it too hot to manage or priced for growth?

4. Tesla TSLA is one of those actions that you either love or hate. While stocks have only risen 5% since the start of the year, they have risen 22% in the past 3 months. It’s the most expensive of the automakers, with a forward P / E of 145. But if you believe the argument that this is really a “tech company”, has the valuation of importance ?

5. AAP Advanced Auto Parts take advantage of the fact that people keep their cars even longer and get them repaired, rather than buying a new car at these record high prices. It is trading with a futures P / E of just 17.5, making it one of the cheapest auto stock games this year.

What else do you need to know about cars, the auto industry, and the stocks to keep on your wishlist?

Tune in to this week’s podcast to find out.

Want the latest recommendations from Zacks Investment Research? Today you can download 7 best stocks for the next 30 days. Click to get this free report

Ford Motor Company (F): Free Inventory Analysis Report

Advance Auto Parts, Inc. (AAP): Free Stock Analysis Report

General Motors Company (GM): Free Inventory Analysis Report

Tesla, Inc. (TSLA): Free Stock Analysis Report

Ferrari NV (RACE): Free Stock Analysis Report

To read this article on Zacks.com, click here.

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Business and Leisure Travelers Plan to Cut Travel Amid Rising Covid Cases – Rental Operations https://cheapautoinsuronline.com/business-and-leisure-travelers-plan-to-cut-travel-amid-rising-covid-cases-rental-operations/ https://cheapautoinsuronline.com/business-and-leisure-travelers-plan-to-cut-travel-amid-rising-covid-cases-rental-operations/#respond Tue, 14 Sep 2021 18:50:52 +0000 https://cheapautoinsuronline.com/business-and-leisure-travelers-plan-to-cut-travel-amid-rising-covid-cases-rental-operations/ As new cases of covid continue to accumulate and variants increase, business travel is experiencing some hesitation and the hotel market is at a crossroads. Image by Stela Di from Pixabay U.S. Pleasure Travelers plan to cut their travel plans amid rising COVID-19 cases. Sixty-nine percent plan to take fewer trips, 55% plan to postpone […]]]>

As new cases of covid continue to accumulate and variants increase, business travel is experiencing some hesitation and the hotel market is at a crossroads.

Image by Stela Di from Pixabay

U.S. Pleasure Travelers plan to cut their travel plans amid rising COVID-19 cases. Sixty-nine percent plan to take fewer trips, 55% plan to postpone their existing travel plans and 42% are likely to cancel existing plans without rescheduling, according to a survey conducted by Morning Consult on behalf of the American Hotel & Lodging Association (AHLA).

According to the survey, almost three in four respondents (72%) are likely to only go to places accessible by car. And 70% are likely to travel with smaller groups.

“With the increase in COVID-19 cases and the increase in travel issues as we move into the fall and winter months, the hospitality industry is at a pivotal time,” said Chip Rogers, President and CEO of AHLA. “Unless Congress takes action, travel cuts linked to the pandemic will continue to threaten the livelihoods of hundreds of thousands of hotel workers. “

Recent results from an AHLA survey show that business travelers are also cutting back on travel plans amid rising COVID-19 cases. This includes 67% of business travelers planning to take fewer trips, 52% likely to cancel their existing travel plans without rescheduling, and 60% planning to postpone their existing travel plans.

The survey of 2,200 adults was conducted from August 11 to 12, 2021. Of these, 1,707 people (or 78% of respondents) are considered leisure travelers.


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Monthly rental plans for VW’s India lineup start at Rs 16,500 – Technology News, Firstpost https://cheapautoinsuronline.com/monthly-rental-plans-for-vws-india-lineup-start-at-rs-16500-technology-news-firstpost/ https://cheapautoinsuronline.com/monthly-rental-plans-for-vws-india-lineup-start-at-rs-16500-technology-news-firstpost/#respond Fri, 10 Sep 2021 09:51:18 +0000 https://cheapautoinsuronline.com/monthly-rental-plans-for-vws-india-lineup-start-at-rs-16500-technology-news-firstpost/ Tech2 News StaffSep 10, 2021 3:21:18 PM IST Following in the footsteps of several other automakers, German automaker Volkswagen has launched its own model of subscription car ownership, partnering with mobility services specialist Orix. As part of the subscription model, customers can choose to “subscribe” to the Polo hatchback, Vento mid-size sedan, or T-Roc SUV, […]]]>

Following in the footsteps of several other automakers, German automaker Volkswagen has launched its own model of subscription car ownership, partnering with mobility services specialist Orix. As part of the subscription model, customers can choose to “subscribe” to the Polo hatchback, Vento mid-size sedan, or T-Roc SUV, for a period of 24, 36 or 48 months. Monthly rentals for the Volkswagen Polo start at Rs 16,500 and Rs 27,000 for Vento, while the T-roc SUV can be rented for Rs 59,000 per month.

The subscription ownership model will be available at 30 Volkswagen outlets in Delhi-NCR, Mumbai, Pune, Ahmedabad, Bangalore, Chennai and Hyderabad during Phase I introduction. Orix will provide its customers with 100% on-road financing, periodic maintenance, insurance coverage and an option to upgrade or return the car.

“The car subscription is growing in popularity, especially among the young urban middle class looking for a convenient ownership experience,” said Ashish Gupta, brand manager, Volkswagen Passenger Cars India.

“To meet the needs of this customer segment, we have extended our partnership with Orix and improved our rental and subscription platform, which will focus on accessibility and peace of mind for our potential customers,” added Gupta.


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Five economic charts to watch in H2 2021: United States https://cheapautoinsuronline.com/five-economic-charts-to-watch-in-h2-2021-united-states/ https://cheapautoinsuronline.com/five-economic-charts-to-watch-in-h2-2021-united-states/#respond Tue, 07 Sep 2021 17:48:42 +0000 https://cheapautoinsuronline.com/five-economic-charts-to-watch-in-h2-2021-united-states/ As the United States sees an increase in the number of new COVID-19 cases due to the highly contagious Delta variant, concerns grow about the resilience of the ongoing economic recovery. As events continue to shape the economic outlook, let’s take a look at some of the data that will guide us in monitoring the […]]]>

As the United States sees an increase in the number of new COVID-19 cases due to the highly contagious Delta variant, concerns grow about the resilience of the ongoing economic recovery. As events continue to shape the economic outlook, let’s take a look at some of the data that will guide us in monitoring the U.S. economy in the second half of 2021.


Strong GDP growth is expected to continue through the end of the year

The US economy grew strongly in the first half, growing 6.3% (annualized quarterly growth) in the first quarter and 6.6% in the second quarter. The economy has now recouped all of the losses of 2020 and is 0.8% larger than it was at the end of 2019. Consumer spending has been the main driver of growth in the first two quarters , but economists fear activity may stagnate as COVID-19 cases continue to rise. July’s readings of monthly personal consumption expenditure and retail sales disappointed, both being below estimates. Still, analysts polled by FactSet expect growth to remain strong in the second half, with median estimates of 6.3% and 5.8% expansions in the third and fourth quarters, respectively. For the year, the economy is expected to grow 6.2% after the 3.4% contraction in 2020.


Transient inflation?

Soaring prices continue to be a major concern for consumers, producers of goods and financial markets. Consumer price inflation is driven by the two largest categories of goods in the United States Bureau of Labor Statistics (BLS) Consumer Price Index (CPI): food and transportation products, excluding fuel. Together, these two components represent more than a fifth of the total CPI (21.7%). In July, food prices jumped 0.7% from June, while non-fuel transportation goods, which include new and used vehicles as well as parts and equipment, jumped 1.0% for the month. The total CPI rose 0.5% month over month while basic prices (excluding volatile food and energy components) rose 0.3%.

Producers are also faced with rising prices. The producer price index (PPI) of final demand rose 1.0% in July, while the PPI of processed products for intermediate demand rose 1.7% and the index of products unprocessed rose 1.4%. Markets continue to monitor all of these inflation numbers for signs that the Federal Reserve will tighten monetary policy. At the Fed’s closely watched Jackson Hole symposium in August, Fed Chairman Jerome Powell said a cut to the Fed’s asset purchase program could begin as early as this year but would not be tied. to rate increases.


Employment figures are mixed

Initial unemployment insurance claims fell at the end of August to their lowest level since March 2020. Initial unemployment claims totaled 340,000 for the week ended August 28; analysts polled by FactSet had expected a figure of 350,000. However, the August jobs report disappointed. The non-farm payroll in the United States rose 235,000 in August from FactSet estimates for an increase of 750,000. On the positive side, due to the revisions, employment in June and July combined is 134,000 more high than previously reported. In 2021, the wage bill saw an average monthly increase of 586,000, but there are still 5.3 million fewer jobs than before the start of the pandemic. Meanwhile, the number of job postings rose to a high of 10.1 million in June, according to the BLS release on job postings and workforce turnover (JOLTS) .


The imbalance of supply and demand continues to stimulate the housing market

The US real estate market appears to have cooled somewhat, but consumers still face tense market conditions. According to the US Census Bureau, 708,000 new homes were sold in July, up slightly from June but down 28.7% from January’s high of 993,000. Data from the National Association of Realtors (NAR) showed an increase in existing home sales in July, but the 5.99 million number was down 10% from the January reading. Prices remain high as the lack of supply continues to restrict the market. NAR data shows the median price of an existing home was $ 359,900 in July, up 17.8% from a year ago. The total building stock at the end of July stood at 1.32 million units, up 7.3% from June and down 12.0% from a year ago. With inventories edging up, the monthly supply of existing homes for sale has recovered from all-time lows at the start of the year, but the United States continues to face a housing supply shortfall.


Automotive market supply issues drive up prices

Consumers continue to be affected by soaring prices for new and used cars and trucks. Several supply and demand factors are fueling this situation. New vehicle prices are rising largely due to a global semiconductor chip shortage that has developed due to early COVID-19 lockdowns that shifted production to chips used in consumer electronics . As production began to increase again for automotive-grade chips, new waves of COVID-19 hit Asian countries where chips are produced and shipped, once again limiting supplies. General Motors has just announced production cuts at factories across North America due to the continued shortage of chips. The United States Bureau of Economic Analysis produces monthly vehicle sales data that shows the rise in average retail prices paid by consumers for cars (up 13.3% year-over-year ) and trucks (up 11.7% year over year) in July. There is evidence that sales in the high end of the market are growing faster than at the low end of the automotive market, which distorts the average retail price. Yet the quality-adjusted CPI for new cars showed a year-over-year increase in July of 5.7% for cars and 6.8% for trucks; these increases are smaller than the increases in retail prices but remain significant nonetheless.

Meanwhile, the used cars and trucks CPI rose 41.7% in July compared to a year ago. Prices in this segment of the auto market fell last year as car rental companies sold their fleets as demand fell. This base effect could be partly responsible for the high inflation rate. But at the same time, the demand for used cars is increasing, as many consumers are excluded from the new vehicle market. As car rental companies try to replenish their fleets as travel resumes this summer, they compete with consumers for new cars, exacerbating the supply crunch. Consumers are also facing an explosion in rental prices, with car and truck rental prices rising 73.5% year-over-year in July.

The information in this article is not investment advice. FactSet does not endorse or recommend any investment and assumes no responsibility for any consequences related directly or indirectly to any action or inaction taken on the basis of the information contained in this article.

Disclaimer

FactSet Research Systems Inc. published this content on September 07, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 07 September 2021 05:41:01 PM UTC.


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Fleet sales drop slightly as rental car sales pick up – Remarketing https://cheapautoinsuronline.com/fleet-sales-drop-slightly-as-rental-car-sales-pick-up-remarketing/ https://cheapautoinsuronline.com/fleet-sales-drop-slightly-as-rental-car-sales-pick-up-remarketing/#respond Fri, 03 Sep 2021 19:09:22 +0000 https://cheapautoinsuronline.com/fleet-sales-drop-slightly-as-rental-car-sales-pick-up-remarketing/ Fleet unit sales – August 2021 vs. August 2020 Graphic: Cox Automobile In August, 112,069 total fleet units were sold, a 3% month-over-month decrease from 115,976 in July and an 11% increase from August 2020 which recorded 101,159 units , Cox Automotive reported on September 3 in a press release. This brings the cumulative total […]]]>

Fleet unit sales – August 2021 vs. August 2020

Graphic: Cox Automobile

In August, 112,069 total fleet units were sold, a 3% month-over-month decrease from 115,976 in July and an 11% increase from August 2020 which recorded 101,159 units , Cox Automotive reported on September 3 in a press release.

This brings the cumulative total for the year 2021 of large combined purchases of rental, commercial and government vehicles of new vehicles to 1.2 million units, an increase of 6% compared to this period in 2020 when 1.1 million units were sold and a decrease of 41% compared to the same period. times in 2019 when two million units were sold.

Sales to large rental, commercial and government buyers were up 11% year over year in August. Rental sales increased 118% year-over-year in August and 7% compared to the same period last year. Commercial sales are down 44% year-over-year and up 17% in 2021. Including an estimate of fleet deliveries in the dealer and manufacturer channel, Cox estimates that retail sales remaining were down 19% year-over-year in August, leading to an estimated retail SAAR of 11.5 million, down from 13 million last August and at 13.8 million. ‘August 2019.

Total new vehicle sales in August were down 17% year-on-year, with one less selling day compared to a year ago. On a monthly basis, new vehicle sales in August were down 15%. The seasonally adjusted annual rate (SAAR) for August was 13.1 million, which was the lowest sales pace in 15 months and down 14% from 15.2 million last year and over. 23% at the rate of 17.1 million in August 2019.

For automakers, year-over-year variations in fleet sales differed by manufacturer, ranging from a 20% decline to an increase of 107%. Toyota saw the strongest growth last month with more than 15,000 sales, with General Motors recording a 20% drop from August 2020.

Originally posted on Vehicle Remarketing


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U.S. car and truck rental revenues return to growth as business and consumer travel rebound https://cheapautoinsuronline.com/u-s-car-and-truck-rental-revenues-return-to-growth-as-business-and-consumer-travel-rebound/ https://cheapautoinsuronline.com/u-s-car-and-truck-rental-revenues-return-to-growth-as-business-and-consumer-travel-rebound/#respond Fri, 27 Aug 2021 21:51:05 +0000 https://cheapautoinsuronline.com/u-s-car-and-truck-rental-revenues-return-to-growth-as-business-and-consumer-travel-rebound/ Nominal revenue generated by the US car and truck rental industry is expected to grow 11% annually through 2025 compared to a depressed base in 2020, according to Car & Truck Rental: United States, a recent report published by Freedonia Focus Reports. If we exclude the anomalous year 2020, incomes are expected to increase by […]]]>

Nominal revenue generated by the US car and truck rental industry is expected to grow 11% annually through 2025 compared to a depressed base in 2020, according to Car & Truck Rental: United States, a recent report published by Freedonia Focus Reports.

If we exclude the anomalous year 2020, incomes are expected to increase by 2.1% per year from 2019 to 2025. The continued increase in levels of personal disposable income and the willingness of consumers to spend on leisure services such as that travel and vacation experiences will drive growth, as will the return to business travel.

Car and truck rental services will continue to face competition from carpooling services such as Uber and Lyft, traditional taxi services and other public transport providers.

Revenue generated from car rental is expected to increase by 13% per year through 2025, compared to a depressed base in 2020. Excluding 2020, revenue is expected to increase by 1.9% per year from 2019 to 2025.

The gains will come from increased personal disposable income as well as the release of pent-up travel demand following the relaxation of restrictions in place during the COVID-19 pandemic.

Further earnings will be limited by the small amount of rental cars available — due to a massive fleet sale during the 2020 downturn and the current shortage of microchips, leaving rental companies struggling to respond to. Requirement.

Revenue generated from truck rental is expected to increase by 4% per year from 2020 to 2025; outside 2020, the projected increases amount to …


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The new entrance to des Moines airport at the terminal, the car park opens on Thursday https://cheapautoinsuronline.com/the-new-entrance-to-des-moines-airport-at-the-terminal-the-car-park-opens-on-thursday/ https://cheapautoinsuronline.com/the-new-entrance-to-des-moines-airport-at-the-terminal-the-car-park-opens-on-thursday/#respond Tue, 24 Aug 2021 19:08:09 +0000 https://cheapautoinsuronline.com/the-new-entrance-to-des-moines-airport-at-the-terminal-the-car-park-opens-on-thursday/ Drivers to Des Moines International Airport will use a new entrance to the terminal and parking lot – the first public project associated with a new $ 500 million terminal slated for construction later in the decade. The new Cowles Drive will open at 11 a.m. Thursday. Drivers will now enter the airport at the […]]]>

Drivers to Des Moines International Airport will use a new entrance to the terminal and parking lot – the first public project associated with a new $ 500 million terminal slated for construction later in the decade.

The new Cowles Drive will open at 11 a.m. Thursday. Drivers will now enter the airport at the next red light south of the old entrance on Fleur Drive, next to where the exit is and across from BP and Joey’s Auto Shop.

The new terminal is expected to accommodate a rapid increase in passenger traffic which is expected to pick up after a slowdown linked to the pandemic. While the road is the first public project, the airport has spent millions to move other services around the airfield.

Cowles Drive will serve the new terminal, “but it also benefits our current and existing facilities and overall traffic flow,” said Kayla Kovarna, airport communications manager.

The final touches are made to the new entrance road to Des Moines International Airport on Tuesday, August 24, 2021, in Des Moines.  The new route will open at 11 a.m. Thursday.

Kevin Foley, executive director of the airport, said the new road would solve at least two traffic problems at the airport: congestion for southbound drivers turning right on Fleur Drive and an entrance that was too short, forcing drivers make decisions quickly and often wrongly where to turn.

Having a longer route will help airport officials provide drivers with more effective signage of where to go for long-term parking and in a garage, returning rental cars and others. airport services.

The new entrance road at Des Moines International Airport moves the entrance from its current location on the north side of the airport to the south side, where the exit is located.

“This broadcasts the decision points for people who are unfamiliar with the airport,” Foley said.

There are four other phases to completely complete Cowles Drive to accommodate the new terminal and the adjustments associated with rental car returns and garage parking. Construction of the next two phases is expected to begin in the spring.

The entire Cowles Drive project will cost $ 36 million.

Plans are still on track to begin construction on the new 18-door terminal in 2026 and open two years later. The timeline could be accelerated if the airport could close a budget deficit of $ 200 million, which could come from funding from the federal infrastructure investment and jobs law and the US bailout law, Foley said.

The final touches are made to the new entrance road to Des Moines International Airport on Tuesday, August 24, 2021, in Des Moines.  The new route will open at 11 a.m. Thursday.

Passengers return to the airport regularly after a long slowdown in air travel linked to COVID-19, and he predicts the airport will soon feel “extremely crowded.” Traffic is back to 93% of the record numbers of 2019 – and much of it is vacationers going on leisure trips.

Following:Des Moines Airport to Offer Non-Stop Summer Flights to These 25 Destinations – the Most Ever



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BBB Tip: How to Save on a Car Rental https://cheapautoinsuronline.com/bbb-tip-how-to-save-on-a-car-rental/ https://cheapautoinsuronline.com/bbb-tip-how-to-save-on-a-car-rental/#respond Sun, 22 Aug 2021 18:07:39 +0000 https://cheapautoinsuronline.com/bbb-tip-how-to-save-on-a-car-rental/ Rental cars are in high demand and scarcity nowadays. Most major car rental companies have sold much of their fleets to stay afloat during COVID-19 shutdowns, and a shortage of chips and semiconductors has slowed down the auto production industry. With more people vaccinated and more trips, businesses have struggled to meet consumer demand. This […]]]>

Rental cars are in high demand and scarcity nowadays. Most major car rental companies have sold much of their fleets to stay afloat during COVID-19 shutdowns, and a shortage of chips and semiconductors has slowed down the auto production industry. With more people vaccinated and more trips, businesses have struggled to meet consumer demand.

This shortage means prices are skyrocketing and in some destinations the number of cars available for rental is limited. In a climate like this, how do you snag a decently priced rental car for your next trip? BBB offers the following suggestions.

How to get a rental car at a reasonable price

Book early. It is the number one way to score a rental car at a good price, even when there is a shortage. Instead of waiting a few weeks to arrive at your destination, book your rental car at the same time you book your flight, or as soon as you have a rough idea of ​​your travel plans. Unlike flights, there is usually no penalty if you need to change or cancel your reservation, so take advantage and book your car as soon as possible.

Shop around for the best deal. Before you book with a company, do some comparison. Use price comparison websites to check prices from company to company, keeping an eye out for any specials or coupons you might be using. Of course, if you find a good deal on a third-party website, make sure you are on a legitimate site before making a purchase. Be sure to check out smaller, lesser-known rental companies that might not appear in a consumer search as well, as they often have lower prices and better availability.

Be flexible with your dates. Much like airline flights, providing flexible rental dates can help you get a better price on a rental car. If your travel dates are already set but your rental car is straining your budget, take a look at your itinerary and see if you really need a rental car every day of your trip. You might be able to stay at an airport hotel on the first or last night to save a day or two over the length of your rental.

If you are flying, consider rental agencies outside the airport. Car rentals at the airport are the most convenient, but United States today points out that airports have high taxes, which can drive up your rental bill. There are usually dozens of rental locations within a few miles of an airport and even taking into account the cost of transportation to the non-airport location, you can still save money in most cases. Be careful though, many non-airport sites operate during normal business hours, which may not work if the flight you just booked has a red eye effect.

Take advantage of discounts and loyalty programs. Car rental companies partner with airlines, hotels, AAAs, credit card issuers and other companies to provide benefits to their loyalty program members. Ask who a rental company partners with to see if you might be eligible for discounts or bonuses.

Find out if purchasing insurance is really necessary. Adding insurance to the cost of your rental can inflate the price significantly. The Washington Post recommends checking with your personal auto insurance company to see if your coverage includes rental car liability. In addition, some travel credit cards cover damage and collision insurance. If you’re already covered, you don’t need to spend more on a second policy with the rental company.
Bring your own extras. AWAY remind travelers that car rental companies will try to sell you navigation systems, child car seats, etc. If you know you need specific extras, bring your own to save the money.

Check the price drops. Take advantage of specialized apps or price drop alerts from third-party websites to find out if your price is still the best deal. Since car rental companies do not penalize you for canceling a reservation if you receive a price drop alert, you can cancel your reservation and rebook at the lower rate. Of course, always make sure the deal is legitimate before you cancel your reservation.

To show creativity. Traditional car rental companies aren’t the only ones offering car rentals. Travel and leisure says many car dealerships have rental programs. Call the dealers in your destination and inquire about their rates and mileage limits. For longer rentals, they may offer cheaper rates than a large car rental company. If you’re in a real rush, consider renting a vehicle from a moving equipment company like U-Haul. It might not be as low-key as a rental car, but moving equipment companies often rent trucks and vans for a reasonable flat rate per day with insurance included.
Think about carpooling services. Carsharing services, where you rent cars directly from the people who own them in your destination, are growing in popularity and are another alternative to traditional car rental companies. The Washington Post says that while many consumers are not happy to choose insurance and deal with owners, some newer carsharing services handle these tasks for you, making it just as easy as any other car rental service.
Change destination. If your travel plans are flexible and a rental car always gets you going Out of budget, consider changing your destination to a city where ground transportation is readily available. You may be able to enjoy your trip without ever stepping on the gas pedal.


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