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Rethink The Future To Avert A Race To The Bottom
Rental car operators heard a sobering industry message and a stern challenge at the close of the International Car Rental Show.
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SEARCHMENUSEARCHRental car operators heard a sobering industry message and a stern challenge at the close of the International Car Rental Show.
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Days’ supply by end of November was 77% higher than at the same time a year ago and the highest since March 2021. While inventory is up from recent levels, it remains low by historical standards.
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GM has overtaken Ford as the leader in the commercial channel, Ford remains on top in government fleet sales, while Stellantis’ share dropped.
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VinFast will begin delivering its VF 8 and VF 9 models over the next 12 months to Autonomy, the LA-based subscription service startup.
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The supply issues plaguing automotive are ameliorating month over month, but to varying degrees depending on fleet type.
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Despite elevated vehicle prices, soaring interest rates and high inflation, there are no signs that demand is falling off yet.
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September marks a record 16th straight month that new-vehicle ATPs were higher than the average manufacturer’s suggested retail price (MSRP).
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The U.K.-based green rental operator announces closing acquisition of the U-Save franchise business, making Green Motion the largest rental franchise organization.
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Combined sales into large rental, commercial, and government fleets were up 14.6% year over year in August.
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Elektros, an electric transportation company, has scheduled delivery of its first Tesla Model 3 vehicles at its rental operations in South Florida.
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The drawn-out vehicle shortage is producing a domino effect of issues for many fleet segments, says Cox Automotive’s Jonathan Smoke, but a potential recession may have a silver lining — if we even have one at all.
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