A new research study from JCMR with the title Global Self-driving Car Rental Market Research Report 2022 provides an in-depth assessment of Self-Driven Car Rental, including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies and strategies. The research study provides predictions for self-drive car rental investments until 2030.

The report includes the latest post-pandemic market research on the self-driving car rental market.

Competitor analysis: Hertz Global Holdings, Enterprise Holdings, Avis Budget Group, Zoomcar, Europcar, Sixt AG, Localiza, Myles, Auto Rental Inc, eHi Car Services, Uber Technologies Inc, Car Club, Eco Rent A Car

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Frequently Asked Questions:

• How fast is the market expected to grow

Year-over-year growth for 2022 is estimated at XX% and incremental growth for Self-driving Car Rental market is estimated to be $xxx million.

Get up to 40% off Enterprise Copy & Customization available for the following regions and countries: North America, South and Central America, Middle East and Africa, Europe, Asia-Pacific

• Who are the key players in the Self-drive Car Rental market?

Hertz Global Holdings, Enterprise Holdings, Avis Budget Group, Zoomcar, Europcar, Sixt AG, Localiza, Myles, Auto Rental Inc, eHi Car Services, Uber Technologies Inc, Car Club, Eco Rent A Car

• What are the key drivers and challenges of Self-driving car rental market?

The demand for ASW capacity building is one of the major factors driving the self-drive car rental market.

• What is the size of the self-driving car rental market in North America?

The North America region will contribute XX% of the self-driving car rental market share

Self-Driven Car Rental Segment Inquiry [email protected]/report-details/1340755/enquiry
This customized Self-drive Car Rental report will also help clients track new product launches in direct and indirect market related to COVID-19, upcoming vaccines and pipeline analysis, and significant developments in supplier operations and government regulations.

Geographical analysis of self-drive car rental:

• Self-driving car rental industry North America: United States, Canada and Mexico.

• Self-driving car rental industry South and Central America: Argentina, Chile and Brazil.

• Self-driving car rental sector in the Middle East and Africa: Saudi Arabia, United Arab Emirates, Turkey, Egypt and South Africa.

• Self-drive car rental industry Europe: UK, France, Italy, Germany, Spain and Russia.

• Asia-Pacific self-drive car rental industry: India, China, Japan, South Korea, Indonesia, Singapore and Australia.

Market Analysis by Types & The market analysis by applications is as follows:

[Segments]

Some of the Points Covered in the Global Self-Driven Car Rental Market Research Report are:

Chapter 1: Overview of the global self-driving car rental market (2015-2030)
• Definition of car rental without driver
• Self-drive car rental specifications
• Classification of car rental without driver
• Self-drive car rental apps
• Self-drive car rental regions

Chapter 2: Self-drive car rental Market competition by players/vendors 2015 and 2021
• Self-drive car rental manufacturing cost structure
• Raw material and self-drive car rental suppliers
• Self-drive rental car manufacturing process
• Self-drive car rental industry chain structure

Chapter 3: Self-drive car rental Sales (Volume) and Revenue (Value) by Region (2015-2022)
• Self-drive car rental sales
• Self-drive car rental revenue and market share

Chapter 4, 5 and 6: Global Self-driving Car Rental Market by Type, Application and Player/Supplier Profiles (2015-2022)
• Self-driving car rental market share by type and application
• Self-drive car rental growth rate by type and application
• Drivers and self-drive car rental opportunities
• Basic information about the self-drive car rental company

Continue……………

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Find more research reports on the self-drive car rental industry. By JC Market Research.

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Drivers of electric vehicles will be able to get more than a caffeine load at select Starbucks locations this year.

Volvo Car United States said on Tuesday that it would be collaboration with Starbucks in a pilot project to add around 60 electric vehicle charging stations in 15 cafes starting this summer.

Locations will be scattered along the 1,350-mile route from Denver to Starbucks headquarters in Seattle. As Volvo finalizes exact locations, charging stations will be no more than 100 miles apart, the company said.

“We know there’s a gap in public charging, and our consumers don’t want to sit in the back of a dimly lit parking lot,” said Alex Tripi, Volvo Car USA program manager. Automotive News. “It’s a great opportunity to make sure it’s a controlled experience and give them the amenities they want and expect.”

Around four Volvo brands Charging point DC fast chargers will be installed in each of the Starbucks locations.

While all electric vehicle owners will be able to use the chargers, Volvo drivers will be able to use them for free or at a reduced price, the company said.

Volvo expects the installations to be completed by the end of 2022. Tripi said there is potential to expand to other Starbucks stores in the future if the launch is successful.

New Jersey, United States,- This automotive tire socks market The analysis of the report provides fundamental elements designed to help industry players to make informed business decisions and assert their position in the market. This market research is conducted by combining qualitative and quantitative data, which greatly helps large companies to assess the quality of the system or solution they plan to launch. It also shows important business parameters such as population density, quality, development and general industry situation. It also contains essential facts on key industry topics such as market expansion and changing market conditions. This Automotive Tire Socks Market study examines major market segments based on type, application and geography.

The Automotive Tire Socks Market research report tracks the potential growth of the organization for the coming years by providing insightful data. It covers a few important factors such as demographics, promotional activities, and business metrics. It further sheds light on the economic disasters caused by COVID-19 and the huge losses suffered by different business sectors around the world. He then talks about the market forecast for the valuation years 2022-2029. The use of a value chain makes it easier to understand the Automotive Tire Socks market report.

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This Automotive Tire Socks market research is a valuable way to chart the right direction for business growth. It sheds light on the key dynamics influencing business growth. It also successfully predicts the level of competition for the forecast period 2022-2029. Some of the major segments mentioned in this survey report include manufacturing technology, industrial applications, and definition. Important statistics about the state of the market are discussed here. Important parameters covered in this Automotive Tire Socks market report are of great help for market players to take important decisions. A thorough examination of the production, profiles, capacity, value, product specifications, and market share of the various companies provided here immensely helps the business players to make the perfect investment in the market.

Key Players Mentioned in the Automotive Tire Socks Market Research Report:

Michelin, Joubert Productions, AutoSock, Isse Safety, TireSocks Inc., Novotool Industrial Co. Ltd, Dunlop, Silknet, Weissenfels and Yokohama.

Automotive Tire Socks Market Segmentation:

Automotive Tire Socks Market, By Vehicle Type

• Cars
• Vans
• Trucks
• The buses
• Forklifts

Automotive Tire Sock Market, By Application

• Passenger vehicles
• Commercial vehicles

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Scope of Automotive Tire Socks Market Report

ATTRIBUTES	DETAILS
ESTIMATED YEAR	2022
YEAR OF REFERENCE	2021
FORECAST YEAR	2029
HISTORICAL YEAR	2020
UNITY	Value (million USD/billion)
SECTORS COVERED	Types, applications, end users, and more.
REPORT COVER	Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION	North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE	Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.

It becomes easy to determine the pulse of the market with this detailed analysis of the Automotive Tire Socks Market. Key players can find all competitive data and market size of major regions like North America, Europe, Latin America, Asia-Pacific and Middle East. As part of the competitive analysis, certain strategies are profiled which are pursued by key players such as mergers, collaborations, acquisitions and new product launches. These strategies will greatly help industry players to strengthen their position in the market and grow their business.

Answers to key questions in the report:

1. Who are the top five players in the Automotive Tire Socks Market?

2. How will the Automotive Tire Socks Market grow in the next Five years?

3. Which products and applications will capture the lion’s share of the Automotive Tire Socks Market?

4. What are the drivers and restraints of the Automotive Tire Socks Market?

5. Which regional market will show the strongest growth?

6. What will be the CAGR and size of the Automotive Tire Socks market throughout the forecast period?

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If you’re a Texas driver insured by one of the largest insurers, chances are your bills will go up this year.

Insurance companies plan to raise rates in 2022, and some companies are raising rates by more than 20% on average across the state, according to notices filed with the Texas Department of Insurance, which regulates insurers operating in the state. the state.

Insurance companies are required to notify TDI when they change rates and detail how the changes are expected to affect consumers on average statewide.

State Farm, the state’s largest insurer by market share, said The Dallas Morning News that its auto insurance rates remain below pre-pandemic levels “although miles driven, claim volume and severity have increased.”

The provider lowered its car insurance rates by 12.4% in the summer of 2020, when pandemic restrictions meant many people were driving less. Rates have risen 4.3% since then, according to documents filed with the Texas Department of Insurance.

“We continuously monitor and adjust to trends to ensure that we accurately match price to risk. Our approach is to make incremental adjustments based on driving behaviors to help minimize the impact on customers,” spokeswoman Roszell Gadson said in a statement.

Nationwide will increase its rates by 2% in May, according to a filing with TDI. This is the company’s first rate increase in Texas since the pandemic began in 2020.

Insurers typically adjust rates slowly in response to market conditions, according to TDI. But other companies are planning bigger increases or have already implemented them. Root Insurance and Redpoint Insurance have both filed for rate increases of 20% or more.

Allstate raised its rates by 12% in February. Geico raises rates by 9.2%. And Progressive is raising rates by an average of 15% statewide in 2022 — the company’s largest auto insurance rate hike in the state in the past decade.

What is driving the increase in premiums?

The pandemic continues to impact most aspects of our financial lives – and car insurance is no different.

When fewer people were driving on the road in 2020, insurance companies lowered their rates and refunded or credited more than $14 billion to consumers.

But this year, traffic levels are approaching pre-pandemic levels, collisions are becoming more frequent and the rising cost of everything from gas to labor is putting pressure on insurers.

In February, for example, Allstate told investors it would continue to raise auto insurance rates through 2022 to offset increased losses.

Replacing a car is more expensive these days as the cost of new and used vehicles has skyrocketed due to the shortage of semiconductor chips. New car prices rose 12.4% year over year in February, and used vehicles rose 41.2%, according to data from the US Bureau of Labor Statistics.

When a vehicle is damaged and requires repairs, the cost of the rental car for that customer is also higher.

The price of renting a car in the United States reaches records at the end of 2021, and the salaries of automotive technicians are also increasing due to a shortage skilled labor required.

And when a driver is injured in an accident, medical costs have also increased over the past year.

How to pay less?

Texas drivers are legally required to insure their vehicles, so premium increases are felt universally.

The Texas Department of Insurance can order insurance companies to refund money to consumers if it determines that a rate change is excessive or “likely to produce an unreasonably high long-term profit relative to coverage.” insurance provided”. The department did not disapprove of any rate changes in 2020, the last year for which it reported on its rate review process.

There are several ways drivers can try to save money on their insurance.

On the one hand, TDI stresses that it’s important for drivers to shop around for the best rates. Often the best chance for a consumer to save a few dollars on their insurance bill is to find a new provider. the Insurance Information Institute recommends obtaining at least three quotes from suppliers.

If you drive less this year than in previous years, the Insurance Council of Texas recommends calling your provider and updating the average mileage you drive, which can lower your rates.

An Allstate spokesperson said The news that even as its rates go up, Texas drivers can save money with usage-based insurance programs like Allstate’s Drivewise and Milewise. Discounts vary from company to company, but some offer discounts for good credit scores, defensive driving lessons, and even student drivers with good grades that consumers can request.

And if consumers think the rates they’re paying are unfair, they can file a complaint with the Texas Department of Insurance. online here.

“You take a look and say, ‘OK, what’s a nice SUV [that] you have the freedom to plug in whenever you want, or to use gasoline?’” Herod said Automotive News After the meeting. “And I think consumers, you know, may want to switch to an electric vehicle in the future. I think they’re really moving towards the gateway vehicle. I think because the crossover market is so hot , the PHEV will serve this niche perfectly.”

The successful launch of the Outlander PHEV this year will be one of the main objectives of the new CEO of Mitsubishi Motors North America, Mark Chaffin.

Chaffin said the redesigned gas-powered Outlander that debuted last year was “on fire.” Outlander sales increased 24.9% in the United States in 2021 to 33,883, representing 33.2% of brand volume.

“We continue to improve Outlander,” Chaffin said. Automotive News. “It’s only been on the market for a year. We’re not sitting on our heels. We’re delivering great trim upgrades to dealerships. It’s going to keep customers engaged, keep customers watching.

“Outlander is going to continue to be a huge success, and when we launch the PHEV version of it, we’re going to attract a whole different group of customers.”

Top 5 Auto Stocks Gaining Ground in the Stock Market Now

As the world focuses on the Russian invasion of Ukraine, many investors continue to seek attractive offers in the stock market. To start, auto stocks could offer some intriguing opportunities. With autonomous driving becoming a key focus for many automakers, the sector could get a boost as U.S. regulators release final rules eliminating the need for manual driving controls in fully autonomous vehicles. In the past, automakers faced significant challenges in deploying fully automated driving systems due to safety standards that assumed humans would have better control. Thus, automakers in the United States can now build and deploy autonomous vehicles without human controls such as steering wheels or brake pedals.

Elsewhere, it appears that consumers could own a You’re here (NASDAQ: TSLA) for as little as $25,000 in the future. Tesla CEO Elon Musk thinks Panasonic may have created a battery that could open up that possibility. Panasonic intends to develop a larger “4680” battery for sale to US electric vehicle (EV) manufacturers. Well, the battery will have a larger volume and fewer cells while still meeting EV standards. With all that has been said and done, it should come as no surprise that these new automotive technologies will one day redefine the transportation industry. If you share the same sentiments, let’s take a look at some of the top automotive stocks from the stock Exchange today.

Automotive stocks to watch now

Ford

To start the list, we have the historic automotive company, Ford. Simply put, it designs, manufactures, markets and services a full line of Ford trucks, utility vehicles and cars. The Company also operates a Mobility segment which mainly includes the development of autonomous vehicles and related activities. It owns shares in Argo AI, a developer of self-driving systems, and Spin, a provider of micro-mobility services. Despite a rocky start to the year, the F share has still risen more than 25% over the past year.

Yesterday, Ford and PG&E Corp announced a partnership to offer “two-way” charging vehicles to their customers. This means that electrical charge can travel in both directions, allowing the EV to charge a consumer’s home or tools. The pilot program will test how the Ford F-150 Lightning can interact with the grid to support electrical reliability by providing backup power to homes. The company also says it could potentially provide electricity to the home for up to five days. Ford added that it will likely make most of its electric vehicles two-way in the future. With that in mind, would you bet on the future of the F-share?

[Read More] The best cyclical stocks to buy right now? 5 For your list

General Engines

Similar to Ford, General Engines is an automotive company that has been around for over a century and continues to thrive. The company specializes in trucks, crossovers, cars and auto parts worldwide. In addition to this, it also provides financing services through General Motors Financial Company Inc. With over 155,000 diverse employees worldwide, the company envisions a world free of accidents, emissions and traffic jams.

Earlier this week, General Motors and POSCO Chemical announced that they were working with the governments of Canada and Quebec to build a new plant in Bécancour, Quebec. Estimated at around $400 million, the facility will produce cathode active material for General Motors’ Ultium batteries. As a result, these batteries will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ. Despite the mixed feelings around the GM stock in recent months, could this new development propel the stock to greater heights?

Toyota

Another major automotive company would be the Japanese automaker Toyota. Its Automotive segment designs, manufactures and sells a range of automotive vehicles including sedans, minivans, sport utility vehicles and trucks. Lately, Toyota has stepped up its electrification efforts. In February, there was an additional investment of $90 million for two of its manufacturing plants in the United States, in West Virginia and Tennessee. The aim is to further expand the production of electrified vehicles.

Additionally, Toyota has announced that it will provide bZ4X customers with access to the DC fast charger via EVgo (NASDAQ: EVGO). Thus, EVgo’s high-powered chargers will offer its drivers both flexibility and convenience to quickly charge in prime locations. On top of that, customers who buy or lease the vehicle will get one year of unlimited free charging at all EVgo-owned charging stations nationwide. Overall, should you be paying attention to TM stock right now?

Li-Auto

Li-Auto is a Chinese automobile manufacturer of new energy passenger vehicles (NEV). Basically, the company is engaged in the design, development, manufacture and sale of intelligent electric vehicles. Its main products are sport utility vehicles (SUVs) under its Li ONE brand. In addition, it also sells peripheral products and provides related services, such as charging stations, vehicle internet connection services and extended lifetime warranties.

As usual, Li Auto started the month by announcing its latest delivery updates. Impressively, it delivered 8,414 Li ONEs in February 2022, representing a 265.8% year-on-year increase. This brings Li ONE’s cumulative shipments to 144,770 since its market debut. That said, investors can expect a better month-over-month improvement in its March shipments, as February numbers are lower due to the Lunar New Year holiday. With that in mind, do you think LI stock could regain momentum soon?

[Read More] What stocks to buy during the war? 4 retail stocks to watch

Xpeng

Just like Li Auto, Xpeng is a rising star in China’s electric vehicle industry. For the uninitiated, its main products are environmentally friendly vehicles. The company’s main targets are the mid- to high-end segment of the Chinese passenger vehicle market. At present, the company has 3 electric vehicles in the market, namely the G3 SUV, the P7 sedan and the latest P5 sedan. Investors should also note that Xpeng performed a technology upgrade at its Zhaoqing factory during the Lunar New Year holiday in February. Thus, taking advantage of the downtime during the holiday season.

Xpeng isn’t resting on its laurels either. It recently announced that it had started taking pre-orders for its P5 electric sedan in four European countries. For now, the countries are Denmark, the Netherlands, Norway and Sweden. The European version will be equipped with Xpilot 2.5, the company’s advanced driver assistance system. This software system will have standalone functionality to some extent but will still require a driver. All things considered, would you say XPEV stock is one of the top automotive stocks to watch?

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ALBANY, NY, March 10, 2022 /PRNewswire/ — The automotive suspension springs market is expected to grow at a CAGR of 5.39% for the forecast period 2020 to 2030. A surge in the number of passenger and commercial vehicles on the roads is fueling the expansion of the automotive suspension spring market. This is backed by constant R&D in the automotive industry which has led to the development of suspension springs with improved strength and increased ride comfort.

The environmental benefits of light-duty vehicles and the demand prospects for electric vehicles are leading manufacturers to undertake efforts to develop lightweight suspension springs. Major manufacturers engage in acquisitions and agreements to develop new substitutes that can provide compression resistance as well as flexibility to the vehicle. For example, the advent of the composite material coil spring from Henkel AG & Co. KGaA is an example of this.

Asia Pacific is a key region in the automotive suspension springs market. Profitable business partnerships from manufacturers based in China with manufacturers in the European Union, United States and ASEAN represent substantial growth of the automotive suspension spring market in the region.

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Automotive Suspension Springs Market – Key Findings of the Report

• The need for safe and comfortable vehicles to cope with high traffic volume on the roads drives automotive suspension spring manufacturers to introduce new flawless and cost effective designs.
• The advent of the coil compression spring that provides resilience in automotive components and automotive system is attracting the attention of OEMs, automotive manufacturers and other entities in the value chain. Manufacturers in the automotive suspension springs market are taking advantage of the space-saving installations and compact design of coil compression springs that are likely to boost car sales.
• Manufacturers with a passion for the automotive suspension spring market are striving to develop lightweight suspension springs. For example, Mubea – an automotive component manufacturer specializing in lightweight high-strength products introduced a tension leaf spring made of glass fiber reinforced plastic (GFRP), which is increasingly replacing traditional steel leaf springs. The benefits of reducing carbon emissions from light-duty vehicles are pushing manufacturers to develop lightweight coil springs, which is expected to benefit the demand for electric vehicles.
• The benefits of superior handling, reduced weight and increased comfort are fueling innovations in independent front suspension systems to translate into growth opportunities in the automotive suspension spring market
• OEMs and suppliers enter into strategic collaborations and alliances with automakers to design heavy-duty suspension springs. Melling Performance Springs’ partnership with well-known automakers to deploy inventive technologies in suspension and steering springs is a good example.
• The coil spring segment holds the major share of the automotive suspension spring market. Transition of light vehicles and vans from leaf springs to coil springs creates many opportunities in the automotive suspension spring market.

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Automotive Suspension Springs Market – Growth Drivers

• High density of economic growth light commercial vehicles and passenger vehicles propels the automotive suspension springs market
• Prospects for significant increase in demand for electric vehicles leading to innovations in lightweight suspension springs to drive the growth of automotive suspension springs market

Automotive Suspension Springs Market – Key Players

Some of the major players operating in the automotive suspension springs market are;

• EMCO
• Hendrickson
• Jamna Auto Industries
• NHK Springs
• Sogefi
• Draco Spring Mfg. Co.
• American Showa Inc.
• Marelli SpA
• Eaton Detroit Spring
• rassini
• FAW Automotive Industries
• Continental A
• Springs of Kilen
• Renton Coil Spring Co.
• TRW
• Showa Company

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The automotive suspension springs market is segmented as follows;

Automotive Suspension Springs Market, By Spring Type

• coil spring
• Leaf spring
• torsion bar

Automotive Suspension Springs Market, By Vehicle Type

• Tourism vehicle
• commercial vehicle

Automotive Suspension Springs Market, By Material

• Alloy steel
• Carbon steel
• Stainless steel
• Others

Automotive Suspension Springs Market, By Sales Channel

Automotive Suspension Springs Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

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LEXINGTON, Ky. (LEX18) – While only some Kentuckians are looking for new homes, rising gas prices are an issue that affects us all. The very places responsible for keeping us on the road are also feeling the pressure.

Troy Cox is a district manager for AAA and oversees 14 different stores, including Auto Tech in Lexington. “We (AAA) live and breathe the person on the road. Our roadside, our journeys, everything that is generated by people who travel,” Cox said.

Sam’s Auto Shop also depends on people traveling. “Business-wise, we’re doing very well. We have a loyal customer base, which helps us get through the slow times,” said store owner Sam Hatton.

With the recent rise in gas prices, he knows some of his regulars may have to start making tough choices when it comes to keeping up with the controls on their car. “Yes, it’s important, but putting gas in and providing food for their families sometimes takes precedence over oil changes and maintenance,” Hatton said.

The pain at the pump is just the latest in a series of hurdles these essential business owners and managers have faced.

LEX18

“Everything is rare,” Cox said. “Add in once it enters the United States, we have to find someone to put it in the back of a truck and ship it to where I need it.” Disruptions to the supply and delivery chain lengthen the expected time to get the job done.

Hatton says simple repairs two years ago may have only taken one to two days, due to supply issues it could be five or six.

“If you’re going into major auto repairs, like engines or transmissions, you can be delayed for weeks at this point,” Hatton said. “Because not only is it a supply chain issue, but it’s also an employee issue because I don’t have the employees I had before. Instead of having eight people in the store, I have five.”

Hatton currently has only half the staff compared to 2020.

Despite the triple threat of supply chain issues, labor shortages and rapidly rising costs, he remains optimistic about the business.
“I just want to say thank you to everyone, and I think we just have to stick together, and we’ll get through this together,” Hatton said.

Author of the article:

Publication date :

March 09, 2022 • 10 minutes ago • 4 minute read • Join the conversation

Content of the article

Western $100 billion car rental industry, awash in cash thanks to profitable pandemic, is gradually launching its electric show on the road, and Chinese-made vehicles are set to play a leading role.

The electric transition could see car fleets, long dominated by famous brands from the United States and Europe, increasingly turn to Asian automakers, according to a European executive.

“Historically, European and American manufacturers had an advantage, but the transition to electric is reshuffling the cards,” said Olivier Baldassari, group country director and chief operating officer at rental giant Europcar.

Content of the article

He said electric cars from Chinese and Asian manufacturers were comparable to Western models in terms of quality, citing Great Wall Motor’s Ora range, but generally cost less.

Even small savings matter in the vast rental industry, which buys millions of new cars a year – one-tenth of all new cars in the United States alone – and provides a leading indicator of broader automotive trends in society. .

Companies in the sector have long resisted the rush to electrification due to low demand for electric vehicles (EVs) among customers worried about being stranded without power.

Still, several analysts said now was the best time to start as companies bolstered their coffers with windfall profits during a pandemic that has emptied public transport and airports, and led to more remote vacations. driving.

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In the United States, car rental companies received record monthly revenue of $1,320 per vehicle in 2021, according to the American Car Rental Association. That compares to around $1,000 before the pandemic.

“In the past, companies have kind of stuck their heads in the sand,” Nick Mountfield, associate partner at OC&C Strategy Consultants, which advises car rental companies, said of electrification. “We are now starting to see people saying they will have to do something and put plans in place.”

US rental fleet graph: https://tmsnrt.rs/34PGDVK

US Rental Car Revenue Chart: https://tmsnrt.rs/3JHCORx

WATCH YOUR SPEED

Hertz was an early mover last October when it announced a planned purchase of 100,000 vehicles from American pioneer Tesla, increasing pressure on rivals to set out transition plans.

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French company Europcar, meanwhile, has pledged to make 20% of its fleet electric or hybrid low-emission by 2024, up from 3% currently, meaning it will have to buy up to 70,000 vehicles. cleaner in the next two years if it restocks its fleet to the 350,000 vehicles it had before the pandemic.

Rental companies sold their fleets as demand slumped at the start of the pandemic and struggled to regain volumes amid a global shortage of semiconductors that hampered vehicle production.

Baldassari said Europcar was increasingly sourcing electric vehicles from Great Wall Motors, SAIC Motor and Polestar, which is owned by China’s Geely and Volvo Cars, although it also buys from traditional partners including Renault and Stellantis.

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The company’s China strategy, however, could change if German automaker Volkswagen AG manages to close its bid for the company in the second quarter.

Industry players operate at different speeds, each making their own calculations based on their markets.

In the United States, where many customers prefer SUV and pickup models that have yet to be electrified and where public charging infrastructure lags behind much of Asia and Europe, Enterprise Holdings is taking a more cautious tone.

Electrifying just a quarter of Enterprise’s fleet at Orlando Airport – its largest consumer rental site – would require the same amount of daily electricity as is needed to power more than 1,000 homes, said Chris Haffenreffer, Assistant Vice President of Enterprise Innovation.

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Haffenreffer said the group currently has several thousand electric vehicles in North America, including from Tesla, Nissan, Hyundai, Kia and Polestar. Although the company said it has conversations with all global automakers, it has no immediate plans to increase that share.

“At a high level, we want to let our consumers guide us in terms of what they’re looking for,” he added. “Many car rental companies have historically taken this wait-and-see approach as we are still in the early stages of the transition.”

Graph on US industrial vehicle purchases: https://tmsnrt.rs/3gXAVnj

FOOT WEST

The varying pace of change and the timing of extensive fleet overhauls mean gasoline-powered vehicles are likely to remain the bulk of purchases for a few years to come. The transition plans of global automakers as a whole would see electric vehicles accounting for at least 40% of their sales by 2040.

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Yet ultimately, the change could prove far-reaching for the fortunes of Chinese automakers in Europe, a crowded and competitive car market dominated by legendary brands that has proven elusive for them in the past.

In years past, they faced a perception that China, coupled with cheap mass production, couldn’t compete on quality. Yet those arguments are being challenged in a new reality that sees major Western automakers like BMW and Tesla now producing cars in the country, which is a tech powerhouse and the world’s biggest car market.

Great Wall Motor, one of Europcar’s suppliers, is expected to launch its Ora Cat compact electric car in Europe this year priced at around 20,000 euros ($22,260) with a range of around 250 miles (400 km) , joining a growing number of Chinese electric vehicles. makers are trying their luck on the continent.

Chinese manufacturers using the rental channel to establish brand awareness and increase sales volumes would follow a playbook Kia and Hyundai used in the 1990s to gain a foothold in Western markets, Mountfield said at OC&C Strategy.

(Reporting by Tina Bellon in Austin, Texas; Editing by Pravin Char)

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“Being able to expand our automotive footprint in the great state of Iowa is extremely exciting for our organization,” Teddy Morse, CEO of Ed Morse Automotive, said in a statement. “We look forward to making significant capital improvements and supporting the communities of Muscatine and DeWitt.”

The Ed Morse group is in expansion mode. In December, he purchased a Ford dealership in St. Robert, Mo., and entered Illinois with the purchase of Weir Chevrolet-Buick-GMC and Weir Ford, both from Red Bud, and Weir Chrysler-Dodge -Jeep-Ram in New Athens. . In July, Ed Morse Automotive purchased two dealerships in Texas, and in May entered Missouri with the purchase of four dealerships; the group also sold two dealerships in Florida that month.

Ed Morse now has approximately 30 franchised dealership rooftops in Florida, Illinois, Oklahoma, Missouri, Texas and Iowa.

It ranks No. 60 on Automotive News‘ most recent list of the top 150 US-based dealer groups, selling 14,169 new vehicles in 2020.

Jennifer Rafael of Dealer Solutions Mergers and Acquisitions, a Markham, Ont., buy-sell firm with offices in the United States, represented the seller in the transaction, according to the Ed Morse Group.