Lease & Rental – AutoFacets Insights

Trends that will redefine Auto Leasing in 2020

afadmin — Mon, 17 Feb 2020 13:35:50 +0000

As per the industry speculations, Electric Vehicle and Private Car Leasing would be the biggest contributors in the leasing market. With the future of mobility departing from fossil fuels, it’s evident that the leasing industry is all set to experience a major transformation in coming time. Here are the factors that would shape the future

Continue Reading

Simplify Fleet Operations and Achieve Green Fleet Objectives

Marcom Admin — Wed, 07 Aug 2019 12:45:32 +0000

What Makes AutoFacets’ Fleet Management System an Ideal Solution for Short Term Rental Companies? Companies offering mobility solutions to customers have a lot of flexible options when it comes to renting cars. However, when it comes to giving vehicles on rent, several vehicles including cars, trucks, vans etc. are given on rentals for days and

Continue Reading

Could subscription models change car ownership forever?

afadmin — Mon, 28 May 2018 06:43:06 +0000

Expert says the automotive industry is due for a complete shake-up. We live in a very different world to that of our grandparents. Among many things, we’ve seen a shift towards a subscription economy, where you no longer have to purchase something to use it. According to cloud-subscription specialists Zuora, the automotive industry is one

Continue Reading

How Subscriptions Are Changing Car Ownership

afadmin — Tue, 23 Jan 2018 13:12:01 +0000

To say that the Great Recession changed consumer buying outlooks across a variety of categories is not a controversial statement so much as it is a truism. And, with the possible exception of housing, in no place is that change more evident than automotive sales. According to IHS data, in the world before the “big one” of 2007, the average

Continue Reading

The big trends shaping the future of the car sharing industry in 2018 and beyond

afadmin — Mon, 22 Jan 2018 11:18:53 +0000

Car sharing is a flexible and affordable solution that is appealing to more consumers everyday. 2017 was a dismal year for new car sales in the UK due to weakening consumer confidence. For most people a car is the second most expensive purchase after their home so it’s not surprising that new car registrations are

Continue Reading

JLR invests $25 million in Lyft

afadmin — Sat, 29 Jul 2017 07:13:43 +0000

Jaguar Land Rover is investing 25 million dlrs in US ride-sharing company Lyft, in a move that confirms the auto industry’s resolve to add new revenue streams to its traditional business. JLR, which is owned by India’s Tata Group, said it will make the investment through its InMotion venture capital unit. Lyft is a fast-growing new

Continue Reading

How Automotive IoT Is Disrupting the Leasing and Car Rental Industries

afadmin — Wed, 26 Jul 2017 09:29:32 +0000

The concept of the Internet of Things (IoT) is simple: objects are connected to the Internet so they can send information from sensors or receive commands to perform certain actions. IoT devices, or connected things, make it possible to collect the big data that leads to better insight into business systems. Gartner predicts that there will be 20.8

Continue Reading

Jim Lentz

afadmin — Tue, 11 Jul 2017 11:13:53 +0000

Toyota targets fleet operators, a lot of our fleet sales are backloaded into the second half (2017).

Ride-Sharing Age May Give Struggling Rental Companies a Lifeline

afadmin — Tue, 04 Jul 2017 15:06:46 +0000

Old-school rental-car agencies may have a road map to prosper in the age of self-driving taxis after all. Avis Budget Group Inc. agreed to manage a fleet of 600 self-driving Chrysler minivans for Alphabet Inc.’s Waymo autonomous technology division. In addition, Hertz Global Holdings Inc. will lease Lexus crossovers to Apple Inc., which will convert

Continue Reading

Mobile tech can help car rental brands compete with app-based disruptors

afadmin — Fri, 26 May 2017 08:43:37 +0000

Finding our way around has become the most universal task conducted on smartphones. According to Pew Research, last year 90 percent of smartphone owners in America used their device to get directions, recommendations or other information related to their location. NB This is a viewpoint by Kalle Marsal, chief marketing officer for Mitek. It’s clear

Continue Reading