New GM Vehicle Will be Limited in Rental Fleets

Rental car agencies will receive half the number of the 2008 Chevy Malibu sedans than they normally acquire with previous models, says General Motors, The Detroit News reports.

Currently, 40 percent of the Malibu–GM’s most fleeted car–is sold to rental companies. However, GM only intends to put out 20 percent of the production output to rental agencies.

In recent years, the Detroit Three have been trying to cut ties from rental-car companies. They believe that rental fleets drive down the value of vehicles by oversupplying the market and therefore, ruin the car’s image.

According to The Detroit News, production for the 2008 Chevy Malibu began on Oct. 15. The vehicle’s first showcase is scheduled for Nov.1.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Car Rental Rates Up, Fleet Sales Down — Correlation?

Car rental companies’ recent fleet discipline is needed now more than ever.

Hertz, Avis Autonomy Partnerships: Good First Steps on a Long Path

Two new autonomous vehicle project partnerships bring the importance of fleet management to the fore.

An Inside Look at Car Rental in China

A trip to a new car rental convention in Guangzhou reveals a booming market, yet one facing unique challenges.

Job Finder: Access Top Talent. Fill Key Positions.

>