COVID to Limit Global Aviation Fleet Growth Over the Next 10 Years

NEW YORK, Jan. 28, 2021 /PRNewswire/ — By 2031, the global aviation fleet will be smaller than once projected because of the impact of COVID-19, and a decade of smaller fleets will mean constrained growth and consolidation, according to <a target="_blank"…

NEW YORK, Jan. 28, 2021 /PRNewswire/ — By 2031, the global aviation fleet will be smaller than once projected because of the impact of COVID-19, and a decade of smaller fleets will mean constrained growth and consolidation, according to Oliver Wyman’s Global Fleet & Maintenance, Repair, and Overhaul (MRO) Forecast 2021-2031.

Airlines will not return to 2019 levels of operations until at least 2022, with recovery in parts of the aerospace market lagging by a year or two. For consumers, the slow recovery may mean fewer direct and less frequent routes — at least until the pandemic is under control and normal economic activity returns.

«COVID has created a long list of challenges never seen before in modern commercial aviation,» said Tom Cooper, an Oliver Wyman vice president and one of the authors of the report. «It will take the next few years for the fleet to adjust and return to stable growth, but even after 10 years, the industry will never fully regain all that it has lost from the pandemic. Right now, with many airlines still burning through millions of dollars each day, the focus must be cash flow management.»

At its lowest point during the pandemic, the global fleet had only about 13,000 aircraft in service, less than half the number flying in January 2020 as the outbreak began to spread. Today, the 2021 fleet is up to more than 23,700 aircraft. By 2031, we forecast the fleet will number more than 36,500. But it is still a far cry from pre-COVID projections, which put the 2021 global fleet at 28,800 and the 2030 fleet at more than 39,000.

Impact of less aircraft

Fewer aircraft flying means fewer planes need to be produced or repaired. Given the inventory backlog of new planes that are built but undelivered or unsold, more aircraft will be delivered to airlines over the next several years than will be produced by aerospace manufacturers. While production and deliveries are closely aligned in normal years, this imbalance reflects conflicting pressures on airframe manufacturers to balance the realities of lower market demand with needs of key suppliers to maintain enough production.

The impact of COVID on the MRO market will also be significant — both in the short and long terms.  Short term, demand in 2020 and 2021 is expected to be 33 percent, or $60 billion, below pre-COVID projections for the combined two years. Over the next 10 years, the industry will lose more than $95 billion in revenue compared with pre-COVID expectations.  

Bright spots

Despite the challenges, there are some hopeful signs. Deliveries of narrowbody aircraft are expected to hold up reasonably well, with cumulative deliveries approximately 90 percent of pre-COVID expectations over the 10 years. This class of aircraft tends to carry under 200 passengers and is benefiting from their smaller size, which makes them easier to fill during periods of lower travel demand.

In contrast, widebody aircraft deliveries and production could be as much as 40 percent below what had been predicted. This is due to falloff in international and business travel driven by changing corporate travel policies and government restrictions.

Despite significant short-term losses, the long-term outlook for MRO is a bright spot. Aftermarket providers will begin to see consistent growth over the mid and long terms, as the size of the fleet expands and the overall age increases. This will drive interest from private equity and other investors.

About the Global Fleet & MRO Market Forecast

The 2021-2031 edition of Oliver Wyman’s Global Fleet & MRO Market Forecast Commentary represents our more than two-decade commitment to the understanding and assessment of the commercial airline transport fleet and the associated maintenance, repair, and overhaul (MRO) market outlook. The commentary is the go-to resource of aviation executives—whether a manufacturer, operator, or aftermarket provider, as well as for those with financial interests in the sector through private equity firms and investment banks.

This year’s research focuses on the aviation industry’s recovery from COVID-19, subsequent growth and related trends affecting aftermarket demand, maintenance costs, technology, and labor supply after a devastating 2020. The outlook reveals significant challenges the industry faces as it develops and expands its recovery and rebound plans.  An interactive tool also accompanies the report for further exploration of the forecast.

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh & McLennan Companies [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.

 

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SOURCE Oliver Wyman

Wyndham Hotels & Resorts Joins with Rover to Make Pet-Friendly Travel Easier for New Pet Parents

PARSIPPANY, N.J., Jan. 28, 2021 /PRNewswire/ — Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across 90 countries, today announced a new tail-wagging deal perfect for new pet parents in need of getaway. The well-known hotel company has teamed up with Rover, the nation’s largest network of five-star pet sitters and dog walkers, offering U.S. guests $30 off their first Rover pet service when they book a…

PARSIPPANY, N.J., Jan. 28, 2021 /PRNewswire/ — Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across 90 countries, today announced a new tail-wagging deal perfect for new pet parents in need of getaway. The well-known hotel company has teamed up with Rover, the nation’s largest network of five-star pet sitters and dog walkers, offering U.S. guests $30 off their first Rover pet service when they book a qualified stay at any By Wyndham hotel.

The timely collaboration comes as the U.S. experiences a surge in dog adoptions, sales and fostering amid the COVID-19 pandemic. In fact, a recent poll of pet parents by Rover noted that nearly half had recently acquired a new dog during the pandemic. And a separate survey conducted by the American Pet Products Association, found that roughly two-thirds of American families own a pet, which they spent $96 billion on in 2019, a figure that many expect will only continue to grow. In working together, Wyndham and Rover hope to help everyday travelers save money and reduce travel anxiety—particularly as they think about traveling with, or away from, their new four-legged family members.

«With thousands of pet-friendly locations across the country, our hotels have always been a go-to for families with pets.» said Lisa Checchio, executive vice president and chief marketing officer, Wyndham Hotels & Resorts. «Many travelers are eager to start planning that next getaway. Our new partnership with Rover and their range of pet services will help pet owners take the guess work out of travel – helping them care for their pets at home or on the great American road trip.»

Rover counts more than 300,000 sitters among its network and connects pet owners with services such as dog boarding, house sitting, dog walking, doggy day care, drop-in visits and grooming in select markets. All new sitters pass a background check, provide a detailed profile and personal information, and are approved by Rover’s team of sitter specialists. Pet parents can find loving care in their neighborhood or on-the-road, making them the perfect complement to Wyndham’s more than 4,500 pet-friendly hotels across the U.S., including those under well-known brands like La Quinta® by Wyndham, Baymont® by Wyndham, Super 8® by Wyndham and Howard Johnson® by Wyndham, to name just a few.

«In joining forces with Wyndham, we’re making it easier for pet owners to travel with or without their pet. This serves our mission of making it easier for everyone to experience the love of a pet in their lives,» said Kate Jaffe, Trends Expert at Rover. «Wyndham’s pet-friendly hotels allow traveling pet parents to easily accommodate their pets. But not all travel activities are pet-friendly. That’s where Rover can help, offering peace of mind to travelers with easy to find, trusted local pet care.»

Promotional offer of $30 off is available only to new Rover customers and requires a qualified stay at any participating By Wyndham hotel. Travelers must book direct with Wyndham to qualify for the offer and complete their stay by December 31, 2021. Pet policies vary by hotel and may include certain restrictions on the type, size, and number of pets allowed. Additional hotel fees may apply. Learn more at www.wyndhamhotels.com/rover.

About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across approximately 90 countries on six continents. Through its network of 804,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 20 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers 85 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.

About Rover
Founded in 2011 and based in Seattle, Rover.com® is the world’s largest and most trusted network of five-star pet sitters and dog walkers. Rover connects dog and cat owners with pet care whenever they need it. Millions of services have been booked on Rover, including pet sitting, dog walking, in-home boarding, drop-in visits, doggy day care, and grooming in select markets. As The Dog People®, Rover makes it easier for people to have pet love in their lives through the Rover Guarantee, 24/7 support, vet consultations, and GPS walk tracking. And by sharing expertise on TheDogPeople.com, a trusted resource for millions of dog and cat parents worldwide, Rover provides tips and articles that delight, inform, and enhance the bond between people and their pets. To learn more about Rover, please visit http://www.rover.com.

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SOURCE Wyndham Hotels & Resorts

Matco Tools Ranked A Top Franchise In Entrepreneur’s Highly Competitive 42nd Annual Franchise 500®

STOW, Ohio, Jan. 28, 2021 /PRNewswire/ — Matco Tools recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry making it one of the company’s most competitive rankings ever. Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks Matco Tools 50th for its outstanding performance…

STOW, Ohio, Jan. 28, 2021 /PRNewswire/ — Matco Tools recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry making it one of the company’s most competitive rankings ever. Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks Matco Tools 50th for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.

Factors that go into the evaluation include: costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points.

«Our mission is to provide people with the opportunity to realize their dream of successful business ownership,» says Matco Tools President Tim Gilmore. «This year has been challenging for people in many ways, seeing how stable our performance has been during this time is a reflection of the Matco business system as well as the dedication of our Franchisees.»

Over its 42 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. This will be Matco’s 21st consecutive Top 50 ranking and is a testament to its strength as a franchise opportunity.

To view Matco Tools in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2021 issue of Entrepreneur, available on newsstands January 26th.

About Matco Tools
Since 1979, Matco Tools has provided professional mechanics and auto enthusiasts with all the premium tools, storage and equipment they need to get the job done, while also offering best-in-class service and customer support.  The company’s network of nearly 1,800 premier independent mobile distributors is focused on developing and maintaining trust-based relationships with its customers. Consecutively ranking among the top 50 in Entrepreneur magazine’s Franchise 500® for the past 21 years, the company continues to expand throughout the United States and Canada, adding several hundred mobile stores each year.  For more information, visit www.matcotools.com/franchise/.

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SOURCE Matco Tools

Outlook on the Aircraft Weighing System Global Market to 2027 – by Type, Application and Geography

DUBLIN, Jan. 28, 2021 /PRNewswire/ — The «Aircraft Weighing System Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Type (Floor-standing and Platform), Application (Commercial Aviation and Military Aviation)» report has been added to ResearchAndMarkets.com’s offering.

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According to this report the global aircraft weighing system market was valued at US$ 102.76 million in 2019 and is projected to reach US$ 133.03 million by 2027; it is expected to grow at a CAGR of 4.2% from 2020 to 2027.

The global aircraft weighing system market includes a substantial number of market players operating in the market resulting in a fragmented global market. However, the market includes a selected number of prominent market players, such as HKM Messtechnik; NicolScales; McCoy Global Inc.; General Electrodynamics Corporation; Henk Maas; Intercomp; Jackson Aircraft Weighing Systems LLC; Langa Industrial S.A.; Vishay Precision Group, Inc; and Teknoscale OY, with substantial customer base and strong market positioning.

At present, the global aircraft weighing system market is principally dominated by the developed regions, such as North America and Europe, accounting for ~69.5% of the global market collectively. Significant factors, such as availability of rapid technological advancements, high disposable individual incomes, technological capabilities, presence of leading aircraft manufacturers, and presence of some of the well-established aircraft weighing system providers have contributed toward the significant consolidation of the market share in North America and Europe. APAC is anticipated to gain significant traction and expected to witness the highest CAGR during the forecast period. Rising MRO services, growing air traffic, and increasing number of low-cost carriers (LCCs) are some of the factors propelling the growth of the market in APAC.

Companies in the market are highly involved in offering aircraft weighing systems to the end users in order to gain traction in the market. For instance, in December 2017, HAECO Americas selected Intercomp for its AC60-LP platform scale systems for different HAECO Americas MRO locations. Intercomp’s aircraft scales offer high quality scales and accessories, ease of use, and solid-state technology. In the past years, HAECO used top-of-jack method for weighing operations; however, the swift deployment and weighing capabilities of the company’s platform scales provide MRO benefits with effectiveness and less time for the weighing procedure. In August 2020, Intercomp declared that Airborne Maintenance & Engineering Services, a US-based leading MRO, completed deployment and training on the company’s AC60-LP scale system. The accuracy and reliability provided by Intercomp’s weighing system is widely used among airlines, MROs, and airframe manufacturers globally.

On the contrary, due to ongoing pandemic, all the major regions, such as Europe, APAC, and North America, have imposed strict restrictions on business activities and movement of goods and people. These factors are anticipated to affect both supply of various aircraft components and parts as well as their demand. This, in turn, negatively impacts the revenue growth of the global aircraft weighing system market to some extent, especially in 2020 and early 2021.

Reasons to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global aircraft Weighing system market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global aircraft Weighing system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Key Topics Covered:

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Aircraft Weighing System Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis

5. Aircraft Weighing System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Deliveries and Orders of Aircraft
5.1.2 Growing Concern Related to Safety of Aircraft
5.2 Market Restraint
5.2.1 Concern Related to Aircraft Weight Range and the Tire Size
5.3 Market Opportunities
5.3.1 Surging Aircraft MRO Services in Emerging Economics
5.4 Trend
5.4.1 Rising Aircraft Fleets to Increase the Demand for Aircraft Weighing Systems
5.5 Impact Analysis of Drivers and Restraints

6. Aircraft Weighing System – Global Market Analysis
6.1 Overview
6.2 Aircraft Weighing System Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking

7. Aircraft Weighing System Market Analysis – By Type
7.1 Overview
7.2 Aircraft Weighing System Market Breakdown, by Type, 2019 & 2027
7.3 Floor-Standing
7.3.1 Overview
7.3.2 Floor-Standing: Aircraft Weighing System Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Platform
7.4.1 Overview
7.4.2 Platform: Aircraft Weighing System Market – Revenue and Forecast to 2027 (US$ Million)

8. Aircraft Weighing System Market Analysis – By Application
8.1 Overview
8.2 Aircraft Weighing System Market Breakdown, by Application, 2019 & 2027
8.3 Commercial Aviation
8.3.1 Overview
8.3.2 Commercial Aviation: Aircraft Weighing System Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Military Aviation
8.4.1 Overview
8.4.2 Military Aviation: Aircraft Weighing System Market – Revenue and Forecast to 2027 (US$ Million)

9. Aircraft Weighing System Market – Geographic Analysis
9.1 Overview
9.2 North America: Aircraft Weighing System Market
9.3 Europe: Aircraft Weighing System Market
9.4 APAC: Aircraft Weighing System Market
9.5 MEA: Aircraft Weighing System Market
9.6 SAM: Aircraft Weighing System Market

10. Aircraft Weighing System Market – COVID-19 Impact Analysis
10.1 Impact of COVID-19 Pandemic on Global Aircraft Weighing System Market
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape
11.1 Overview
11.2 Market Initiative

12. Company Profiles
12.1 General Electrodynamics Corp.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Henk Maas Weegschalen BV
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Intercomp Company
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Jackson Aircraft Weighing Systems LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 Langa Industrial S.A.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Vishay Precision Group, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Teknoscale OY
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nicol Scales & Measurement
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 McCoy Global Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 HKM-Messtechnik GmbH
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments

13. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/i83eg3

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SOURCE Research and Markets

Kelley Blue Book Digital Solutions Help Dealers Achieve Greater Efficiencies Without Sacrificing Profitability

IRVINE, Calif., Jan. 28, 2021 /PRNewswire/ — Kelley Blue Book, the No. 1 most trusted third-party automotive resource, is leaning into the first-ever virtual NADA with enhanced digital solutions that offer consumers a more seamless trade-in, car-buying, and owning experience while helping to ensure dealerships achieve greater efficiencies without sacrificing profitability. Kelley Blue Book’s newest offerings featured at NADA 2021 include…

IRVINE, Calif., Jan. 28, 2021 /PRNewswire/ — Kelley Blue Book, the No. 1 most trusted third-party automotive resource, is leaning into the first-ever virtual NADA with enhanced digital solutions that offer consumers a more seamless trade-in, car-buying, and owning experience while helping to ensure dealerships achieve greater efficiencies without sacrificing profitability. Kelley Blue Book’s newest offerings featured at NADA 2021 include Kelley Blue Book® Instant Cash Offer Buying Signals and Featured Auto Repair Center.

«Last year was full of unexpected challenges and, ultimately, accelerated innovation. We are eager to maintain that momentum through our latest digital solutions,» said Randy Kobat, vice president of operations for Inventory Management Solutions at Cox Automotive. «And while some of 2020’s problems are rolling into 2021, acquiring profitable inventory and understanding consumers’ intent to purchase shouldn’t be negatively impacting your business by not knowing more about the consumers coming to your store.»

Kelley Blue Book® Instant Cash Offer Buying Signals Kelley Blue Book builds on its existing Instant Cash Offer tool to tap into data-driven insights to help unlock the full potential of dealerships’ Instant Cash Offers to customers. The industry-leading tool analyzes customer shopping behavior data from across Cox Automotive data sources to provide a more complete picture of the consumer, allowing for a more targeted approach to offers, and an understanding of their vehicle shopping preferences and purchase timeline without having to manually dig through data. In fact, Kelley Blue Book Instant Cash Offer leads with Buying Signals had a transaction completion rate nearly 24% better than leads without Buying Signals, whether the vehicle was sold through Instant Cash Offer or elsewhere, from July through October 2020.1

«When a dealership starts the conversation knowing where customers are in their buying journey, they are taking a targeted approach to leads while providing a personalized customer experience,» said Kobat. «These actionable insights enable better engagement with consumers and a data-driven way to acquire profitable inventory.»

Kelley Blue Book Instant Cash Offer Buying Signals appear alongside the Instant Cash Offer within the Dealer Admin Tool and shoppers are tagged according to their purchase timeline, including «Casually Browsing,» «Actively Shopping,» and «Ready to Buy.» Plus, dealerships see shopping preferences like the year, make, model, mileage, and more.

«As an Instant Cash Offer client for many years, this tool has become a vital piece of our inventory acquisition process. Leveraging the data and information from one of the most trusted brands in the automotive market has helped us own more cars for less,» said Jonathan Hakes, used vehicle inventory director at Dorschel VW. «With new functionality from Kelley Blue Book’s Instant Cash Offer Buying Signals, we are eager to take our data-driven approach to the next level. The more we know about a customer, the better the experience we can deliver and make the most of that opportunity.»

Kelley Blue Book® Featured Auto Repair Center allows franchise dealers to turn KBB.com’s millions of service-ready consumer visits per month into new business. In fact, 63% of service customers coming from KBB.com are new to participating dealerships.2 Consumers are increasingly looking for guidance on key maintenance, repair, and recall questions, including pricing. The Service and Repair Guide on KBB.com provides consumers with the trusted information they need to make confident decisions about their vehicles and connects them with Featured Auto Repair Center dealerships that can do the work. Also, Kelley Blue Book’s Fair Repair Range guides owners on service and repair price ranges based on regionalized service pricing.

If dealerships are looking to protect their market share and beat out local competition, as a Premium Featured Auto Repair Center dealer, dealerships can claim brand-exclusive placement on KBB.com’s Service and Repair Guide for their area, making it the first listing consumers see when searching for dealerships to service their vehicles.

The 2021 NADA Show will be held via a virtual experience February 9-11, 2021. To learn more about Kelley Blue Book Instant Cash Offer Buying Signals, visit https://b2b.kbb.com/ico/buying-signals/. To learn more about Featured Auto Repair Center, visit https://b2b.kbb.com/featured-auto-repair-center/.

About Kelley Blue Book (www.kbb.com) 

Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. Each week the company provides market-reflective values on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Kelley Blue Book® Price Advisor tool, which provides a range for what consumers can reasonably expect to pay for a vehicle in their area. Car owners looking to sell immediately can also get a redeemable, transaction-ready offer with Kelley Blue BookSM Instant Cash Offer. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies. Kelley Blue Book is a Cox Automotive brand. 

About Cox Automotive

Cox Automotive Inc. makes buying, selling, owning and using vehicles easier for everyone. The global company’s more than 27,000 team members and family of brands, including Autotrader®, Clutch Technologies, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20 billion. www.coxautoinc.com

1 Cox Automotive Data Analysis, July-October 2020

2 Xtime Product Analytics Data Average 9/16/19-11/30/20

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SOURCE Kelley Blue Book

Revel Communities Honored with 2021 Best Customer Engagement Award Alongside 8 Awards by Senior Advisor’s «Best of Senior Living» 2021 Awards

SCOTTSDALE, Ariz., Jan. 28, 2021 /PRNewswire-PRWeb/ — Revel Communities announced today that it was honored with eight individual community awards by Senior Advisor in the Best of Senior Living 2021 Awards. Most notably, Revel Communities as a brand was awarded «Best Customer Engagement,» marking an impressive accolade for the national senior living brand first founded by The Wolff Company, who opened the first Revel community in 2017.

«The Best of Senior Living Awards is well respected in the…

SCOTTSDALE, Ariz., Jan. 28, 2021 /PRNewswire-PRWeb/ — Revel Communities announced today that it was honored with eight individual community awards by Senior Advisor in the Best of Senior Living 2021 Awards. Most notably, Revel Communities as a brand was awarded «Best Customer Engagement,» marking an impressive accolade for the national senior living brand first founded by The Wolff Company, who opened the first Revel community in 2017.

«The Best of Senior Living Awards is well respected in the industry, and we are honored to have been awarded not only marks of excellence across our portfolio, but recognized as a brand,» said Danette Opaczewski, Executive Vice President, Resident Experience and Chief Operating Officer, Revel Communities. «We are thankful to our entire Revel team and to our valued residents who truly make each of our communities a testament to the Revel difference. As a brand founded with a hospitality mindset, we look forward to continuing to deliver a lifestyle focused wellness –including physical, spiritual, emotional and intellectual wellbeing–in unique ways to our residents this coming year.»

Senior Advisor’s annual Best of Senior Living Awards recognize senior living and home care providers who receive consistently high ratings and positive reviews from residents, families, and visitors. This exclusive designation is awarded to the top 2-3% of providers nationwide and showcases the particularly incredible achievements in the senior living industry after a year of unprecedented change.

Revel was awarded top-rated honors for the following communities:

  • Revel Nevada (Henderson, NV)
  • Revel Lacey (Lacey, WA)
  • Revel Lodi (Lodi, CA)
  • Revel Spokane (Spokane, WA)
  • Revel Rancharrah (Reno, NV)
  • Revel Vegas (Las Vegas, NV)
  • Revel Eagle (Boise, ID)
  • Revel Issaquah (Issaquah, WA)

Senior Advisor is in their 8th consecutive year of hosting the awards. Nominees are scored based on a 4.5-star rating or above and 6 new reviews on SeniorAdvisor.com during the award period (November 17, 2019 to October 18, 2020).

About Revel Communities

Revel Communities, a division of fully integrated investment firm The Wolff Company, is a portfolio of vibrant independent living communities with best-in-class amenities and services. Revel’s growing portfolio spans across the Western U.S., including Arizona, California, Colorado, Idaho, Nevada, Oregon and Washington. As part of The Wolff Company, who holds more than 70 years of real estate experience combined with deep expertise in hospitality, Revel creates communities that keep residents connected, engaged and curious through transformative experiences for residents and team members. Offering wellness-centered lifestyles and residences for lease, Revel communities aim to support residents’ life choices, focus on well-being, foster genuine connections and celebrate their independence. For more information, visit http://www.revelcommunities.com.

About The Wolff Company

The Wolff Company is an integrated real estate investment firm focused on the mission-driven development and management of rental communities across the North America. Wolff combines a discretionary private equity platform with an integrated, in-house development team and a newly formed resident experience company. The Wolff Company focuses on improving the lives of its residents by fundamentally redefining the residential rental experience, while delivering outsized investment returns. Since 1949, The Wolff Company has promoted a «people first» culture that encourages relentless innovation, steadfast execution, faithful stewardship and continuous learning. For more information, visit http://www.awolff.com.

Media Contacts
Julia Yuryev | Alyssa Lawrence | Anna Hubbard
Murphy O’Brien
revel@murphyobrien.com

Media Contact

Alyssa Lawrence, Murphy O’Brien, +1 9497018235, alawrence@murphyobrien.com

 

SOURCE Revel Communities

Electric Acceleration Tech leader makes social responsibility vision a reality

– Xledger introduces EVs to its UK fleet

– The move was supported by Synergy Car Leasing

– DRIVE’s ODO platform underpinning Xledger transition to EVs

LONDON, Jan. 28, 2021 /PRNewswire/ — DRIVE Software Solutions («DRIVE»), a leading provider of fleet management technology, is pleased to announce that it is supporting Xledger UK in optimising its management of a greener fleet of vehicles. The move to DRIVE’s…

– Xledger introduces EVs to its UK fleet

– The move was supported by Synergy Car Leasing

– DRIVE’s ODO platform underpinning Xledger transition to EVs

LONDON, Jan. 28, 2021 /PRNewswire/ — DRIVE Software Solutions («DRIVE»), a leading provider of fleet management technology, is pleased to announce that it is supporting Xledger UK in optimising its management of a greener fleet of vehicles. The move to DRIVE’s ODO platform was facilitated by Synergy Car Leasing («Synergy») which has been a customer of DRIVE’s for almost a year and provides Xledger UK with their vehicle and fleet management solutions.

DRIVE Software Solutions Ltd. Logo

Xledger is a leading provider of cloud-based finance software. With four global offices, Xledger help 10,000 organisations in 60 countries streamline, digitise and automate their finances. They have  recently been classified as a Major Player in IDC’s Market Overview: Worldwide SaaS and Cloud-Enabled Midmarket Finance and Accounting Applications 2020. Xledger is passionate about the role of digital transformation for the environment and is proud to be driving more sustainable futures for workplaces around the world. An effort which includes implementing a green fleet of vehicles for its employees.  https://xledger.com/uk

Synergy Car Leasing is  recognised as the fastest growing vehicle Leasing Broker in its class (2019 – 2020) by the Leasing Broker Federation. . As a component of its targeted growth in the provision of Fleet Management services to its customer base Synergy has adopted the DRIVE ODO system. This will facilitate its management of customer’s fleets and the transition to EV.  https://www.synergycarleasing.co.uk/

Paul Parkinson, CEO and founder of Synergy Car commented;

«Xledger are a great example of an innovative tech business who don’t just talk about their social responsibilities, but who implement practical steps to reduce their impact on the environment. The introduction of EVs to their corporate vehicle fleet is just one example of their commitment.  We have partnered with DRIVE in providing ODO to our customers, like Xledger, to ensure that we are able to effectively, and efficiently, manage their transition to a greener fleet. ODO gives us the visibility and automation to ensure that our customer’s fleet is compliant, cost efficient and green.»

Robert Gorby, Chief Commercial Officer at DRIVE, added;

«In the current environment, adapting to new locations, ways of working there and doing it all in a way which reduces our impact on the planet could become the abiding theme of the new decade. Which vehicles and for what purpose are likely to be key questions. ODO provides answers, enabling both parties to understand the demands of the new world and, therefore, manage it more effectively.»

For more information, please visit www.ododrive.com   

About DRIVE Software Solutions

Drive Software Solutions’ developed technologies are responsible for the management of 1.5 million vehicles in 55 countries around the world. From bespoke software platforms and consultancy for individual corporates to ODO, our cloud delivered solution for fleet management, DRIVE is at the forefront of the automotive mobility sector.

DRIVE gives businesses a bespoke platform to manage their fleet and their drivers on the go at anytime, anywhere, using all devices. 

Time to optimise your fleet. www.ododrive.com     

About Synergy Car Leasing

Synergy Car Leasing was founded in 2006 by Paul Parkinson and is now one of the leading vehicle leasing providers in the UK.  In 2021Synergy achieved the Feefo Platinum Trusted Service Award for the second consecutive year, the highest accolade for best-in class customer service, following six successive years of the Feefo Gold Trusted Service Award. Synergy is the fastest growing leasing broker in its class 2019-2020, awarded by the Leasing Broker Federation, following its achievement of Overall Leasing Broker of the Year 2018-2019.  A member of the British Vehicle Rental and Leasing Association (BVRLA), Synergy is committed to the highest standards of service, fair terms & transparency.  Paul Parkinson serves as Vice-Chancellor on the BVRLA National Leasing Broker Committee to further champion industry standards. Newable Ltd, a London-based financial services, professional advice and workspace provider, acquired a majority shareholding in the business in early 2020, to further Synergy’s growth plans. https://www.synergycarleasing.co.uk/

About Xledger

Xledger has been transforming the finance function of ambitious organisations for over 20 years with their cloud-based finance software. By utilising the powers of insight, automation, and scalability Xledger equips organisations to improve core business processes and decision making, while providing a complete overview of the business financials in real time. By running a leaner more efficient finance department, Xledger empowers organisations to concentrate on what matters most.

In 2020, Xledger UK received numerous prestigious awards, including finalists at the Accounting Excellence awards for ‘Best Mid-market & Enterprise Accounting Software,’ 2nd place in the small companies category for the ‘UK’s Best Workplaces™ in Tech’ and an accreditation as a ‘Great Place to Work-Certified™ Organisation’.

The Bristol-based Xledger UK also have deeps roots in the local community and strong CSR initiatives. In 2020, Xledger solidified a groundbreaking partnership with Bristol Sport by sponsoring the South Stand at Ashton Gate Stadium for a second year, as well as becoming the principal partner of the Bristol Flyers and main sponsor of the Bristol Bears Academy – which includes an internship programme at Xledger. https://xledger.com/uk/about-xledger/

For more information contact Robert Gorby on 07861 234984 / robert@ododrive.com  or Scott Fulton at scott@fulton-associates.com / 07788 144993

Logo – https://mma.prnewswire.com/media/1336877/DRIVE_Software_Solutions_Ltd_Logo.jpg

Electric vehicles: Shorter charging times thanks to high-pressure heat exchanger from BENTELER

– Battery cools and charges significantly faster than conventional solutions.

– Climate-friendly, completely enclosed CO2-based cooling system.

SALZBURG, Austria and PADERBORN, Germany, Jan. 28, 2021 /PRNewswire/ — Together with range, battery charging time is one of the key issues in electromobility. «Car owners don’t like the fact that the charging process currently still takes a relatively long time. They feel…

– Battery cools and charges significantly faster than conventional solutions.

– Climate-friendly, completely enclosed CO2-based cooling system.

SALZBURG, Austria and PADERBORN, Germany, Jan. 28, 2021 /PRNewswire/ — Together with range, battery charging time is one of the key issues in electromobility. «Car owners don’t like the fact that the charging process currently still takes a relatively long time. They feel that this restricts their mobility and flexibility,» explains Dr. Rainer Lübbers, Executive Vice President of the responsible business unit at BENTELER Automotive. Shorter charging times are therefore a factor in promoting the politically desirable broad acceptance of electric vehicles. Up to now, however, the large amount of heat generated during charging at fast charging stations has proven to be an obstacle. With its high-pressure heat exchanger, BENTELER now offers an innovative solution for particularly effective and fast cooling.

BENTELER’s climate-friendly high-pressure heat exchanger delivers high cooling capacity for batteries during charging.

Innovative, compact and powerful – and no bigger than a pack of cigarettes
The outstanding feature is: The BENTELER high-pressure heat exchanger is installed in the air conditioning circuit. «Coupling battery cooling and air conditioning in this way increases the cooling power available during charging. This shortens the battery charging time,» says Jens-Eike Jesau, the developer responsible. On the one hand, the battery and car interior can be optimally cooled while, on the other, the battery heat can be used to heat the passenger compartment when necessary.

The high-pressure heat exchanger from BENTELER uses CO2 as the cooling medium. The natural refrigerant with the designation R744 is liquefied before entering the cooler. There it evaporates and absorbs the waste heat from the battery charging process. Thanks to the completely sealed system, no CO2 can escape. The cooling capacity of the climate-friendly solution from BENTELER is significantly higher compared to conventional heat exchangers. We are proud to be able to offer this new solution to our e-mobility customers,» says Lübbers. «It’s backed up by our systems expertise as one of the leading global partners to the automotive industry.»

Press contact:
BENTELER Automotive
Yves Ostrowski
Head of Communications/Marketing
Paderborn, Germany
Phone: +49 5254 81 30 7610 / Mobile: +49 172 5727257
E-Mail: public.relations@benteler.com

BENTELER Group
Birgit Held
Vice President Corporate Communications/Marketing
Salzburg, Austria
Phone: +43 662 2283-101040 / Mobile: +43 664 8836 1890
Email: public.relations@benteler.com

About BENTELER

BENTELER is a global, family-owned company serving customers in automotive technology, the energy sector and mechanical engineering. As innovative partner, we design, produce and distribute safety-relevant products, systems and services.

In the 2019 financial year, Group revenues were €7.713 billion. Under the management of the strategic holding BENTELER International AG, headquartered in Salzburg, Austria, the Group is organized into the Divisions BENTELER Automotive and BENTELER Steel/Tube. Our around 30,000 employees at 100 locations in 28 countries offer first-class manufacturing and distribution competence – all dedicated to delivering a first-class service wherever our customers need us.

BENTELER. The family of driven professionals. Since 1876.

www.benteler.com   

About BENTELER Automotive

BENTELER Automotive is the development partner for the world´s leading automobile manufacturers. With around 26,000 employees and more than 70 plants in about 25 countries we develop tailored solutions for our customers. Our products include components and modules in the areas of chassis, body, engine and exhaust systems, as well as solutions for electric vehicles.

www.BENTELER-automotive.com/de/

Photo – https://mma.prnewswire.com/media/1428056/BENTELER_HP_Heat_Exchanger.jpg  
Logo – https://mma.prnewswire.com/media/1428055/BENTELER_Logo.jpg

BENTELER Logo

 

Electric vehicles: Shorter charging times thanks to high-pressure heat exchanger from BENTELER

SALZBURG, Austria and PADERBORN, Germany, Jan. 28, 2021 /PRNewswire/ — Together with range, battery charging time is one of the key issues in electromobility. «Car owners don’t like the fact that the charging process currently still takes a relatively long time. They feel that this restricts their mobility and flexibility,» explains Dr. Rainer Lübbers, Executive Vice President of the responsible business unit at BENTELER Automotive. Shorter charging times are…

SALZBURG, Austria and PADERBORN, Germany, Jan. 28, 2021 /PRNewswire/ — Together with range, battery charging time is one of the key issues in electromobility. «Car owners don’t like the fact that the charging process currently still takes a relatively long time. They feel that this restricts their mobility and flexibility,» explains Dr. Rainer Lübbers, Executive Vice President of the responsible business unit at BENTELER Automotive. Shorter charging times are therefore a factor in promoting the politically desirable broad acceptance of electric vehicles. Up to now, however, the large amount of heat generated during charging at fast charging stations has proven to be an obstacle. With its high-pressure heat exchanger, BENTELER now offers an innovative solution for particularly effective and fast cooling.

Innovative, compact and powerful – and no bigger than a pack of cigarettes
The outstanding feature is: The BENTELER high-pressure heat exchanger is installed in the air conditioning circuit. «Coupling battery cooling and air conditioning in this way increases the cooling power available during charging. This shortens the battery charging time,» says Jens-Eike Jesau, the developer responsible. On the one hand, the battery and car interior can be optimally cooled while, on the other, the battery heat can be used to heat the passenger compartment when necessary.

The high-pressure heat exchanger from BENTELER uses CO2 as the cooling medium. The natural refrigerant with the designation R744 is liquefied before entering the cooler. There it evaporates and absorbs the waste heat from the battery charging process. Thanks to the completely sealed system, no CO2 can escape. The cooling capacity of the climate-friendly solution from BENTELER is significantly higher compared to conventional heat exchangers. We are proud to be able to offer this new solution to our e-mobility customers,» says Lübbers. «It’s backed up by our systems expertise as one of the leading global partners to the automotive industry.»

Press contact:
BENTELER Automotive
Yves Ostrowski
Head of Communications/Marketing
Paderborn, Germany
Phone: +49 5254 81 30 7610 / Mobile: +49 172 5727257
E-Mail: public.relations@benteler.com

BENTELER Group
Birgit Held
Vice President Corporate Communications/Marketing
Salzburg, Austria
Phone: +43 662 2283-101040 / Mobile: +43 664 8836 1890
Email: public.relations@benteler.com

About BENTELER

BENTELER is a global, family-owned company serving customers in automotive technology, the energy sector and mechanical engineering. As innovative partner, we design, produce and distribute safety-relevant products, systems and services.

In the 2019 financial year, Group revenues were €7.713 billion. Under the management of the strategic holding BENTELER International AG, headquartered in Salzburg, Austria, the Group is organized into the Divisions BENTELER Automotive and BENTELER Steel/Tube. Our around 30,000 employees at 100 locations in 28 countries offer first-class manufacturing and distribution competence – all dedicated to delivering a first-class service wherever our customers need us.

BENTELER. The family of driven professionals. Since 1876.

www.benteler.com   

About BENTELER Automotive

BENTELER Automotive is the development partner for the world´s leading automobile manufacturers. With around 26,000 employees and more than 70 plants in about 25 countries we develop tailored solutions for our customers. Our products include components and modules in the areas of chassis, body, engine and exhaust systems, as well as solutions for electric vehicles.

www.BENTELER-automotive.com/de/

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SOURCE BENTELER

TEMSA is electrifying the world

ADANA, Turkey, Jan. 28, 2021 /PRNewswire/ — TEMSA, a Sabancı Holding and PPF Group subsidiary, has rolled up its sleeves to carry the banner for electric transportation worldwide. Having shipped its first electric bus export to Sweden in December, TEMSA started to produce Li-Ion battery packs that are used in its electric vehicles in its Adana plant.

<img id="prnejpga2dcleft"…

ADANA, Turkey, Jan. 28, 2021 /PRNewswire/ — TEMSA, a Sabancı Holding and PPF Group subsidiary, has rolled up its sleeves to carry the banner for electric transportation worldwide. Having shipped its first electric bus export to Sweden in December, TEMSA started to produce Li-Ion battery packs that are used in its electric vehicles in its Adana plant.

TEMSA CEO Tolga Kaan Dogancioglu, Industry SBU President of Sabancı Holding and Chairman of the Board of Directors of TEMSA (Left to right)

TEMSA, drawing attention with the significant deliveries it has performed abroad recently, has set out its vision for electric vehicles. TEMSA, made its first delivery of TEMSA powered electric buses to Sweden, cultivates all the technologies that steer the industry, particularly when it comes to electric vehicles, at company’s Adana plant.

«WE PRODUCE THE BATTERY PACKS IN TURKEY«

Noting that TEMSA is one of the world’s few companies that has started to create innovative solutions in the field of new technologies many years ago and engineered multiple models oriented to electric vehicles are ready for mass production today, Cevdet Alemdar, Industry SBU President of Sabancı Holding and Chairman of the Board of Directors of TEMSA, said, «Today, we consider TEMSA as not only an automotive company but an automotive-oriented technology company. Now we are developing and manufacturing the battery packs we use in our electric vehicles, with our own engineers and our own R&D team at TEMSA’s Adana plant. Most recently, we have exported 6 TEMSA powered MD9 electriCITY buses, in which we used the battery packs that we developed and produced in our own battery facility. We are very proud of having implemented such an important project in TEMSA.»

«WE WILL GROW IN THE USA AND EUROPE«

Cevdet Alemdar expressed that TEMSA has focused on sustainability and technology in its growth strategy and said: «We, as TEMSA, delivered our first electric vehicle export to Sweden in the last month. Sweden is indeed the country that has possessed this technology for many years, presented a significant vision for this issue, and, maybe, is the most assuming one in owning this endeavor in the world. For instance, the world’s largest technology companies in the US use our TEMSA-branded buses for the transportation of their employees. We will also see our electric vehicles there in the forthcoming period. TS45 is our popular model in the US. We are in the process of producing the electric model of this vehicle. A prototype is presently being tested in California. We hope that our electric vehicles we have produced in Adana, with their battery packs, hoods, and TEMSA technology, will be on the roads in different regions of the USA, particularly in Silicon Valley.»

Cevdet Alemdar reminded that TEMSA has exported over 12 thousand vehicles to 66 countries worldwide and said, «More than five thousand TEMSA vehicles are on the roads of France. In the USA, one of the most competitive markets in the world, this number is over 1,000, and here we are in the top 5 in our segment. We want to achieve much greater success in the upcoming period in the USA.  We would like to undersign even greater achievements in the USA in the upcoming period. We believe that the North American market will be one of the engines of TEMSA’s growth in the future. In the same way, we are very strong in the UK, Italy, and Germany. Now, we will grow fast in Central and Eastern Europe also through the strength of our partner PPF and Skoda Transportation.»

NEW R&D CENTER: TEMSATECH

Highlighting the fact that TEMSA has invested in R&D and innovation to a large extent for many years, Tolga Kaan Doğancıoğlu, TEMSA CEO, says a platform called TEMSATech has been established within the company to engineer new technologies. Doğancıoğlu states that studies in many different areas like autonomous vehicles, power distribution and vehicle charging unit, and charging stations along with electric vehicles are conducted in TEMSATech and says, «Approximately 30 engineers of us work here and the electric vehicles we have exported to Sweden are a product of TEMSATech as well.»

«HALF OF OUR BUSES WILL BE ELECTRIC BY 2025»

Sharing information and their targets, Tolga Kaan Doğancıoğlu said, «We aim to meet over half of our total bus volume, with electric vehicles by 2025. We allocate around four percent of our turnover to R&D every year. We envision the share of exports in our electric vehicles will reach about 80 percent. When it comes to the short term, we are planning to reach a business volume that is 2-3 times larger than the previous year.»

Logo – https://mma.prnewswire.com/media/1318937/TEMSA_Logo.jpg  
Photo: https://mma.prnewswire.com/media/1428761/TEMSA_Battery.jpg

TEMSA Logo