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Rental Fleet Sales Decline 4.2% in 2026 Through July
Rental car sales fell 18% from a year earlier, while truck and SUV volume edged higher as rental operators took a more restrained approach to fleet purchasing.
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SEARCHMENUSEARCHRental car sales fell 18% from a year earlier, while truck and SUV volume edged higher as rental operators took a more restrained approach to fleet purchasing.
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June new-vehicle retail sales were down 5 percent compared with one-year ago. Fleet sales were not expected to change, so the SAAR may come in well below the 10.9 million units previously expected.
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The extensive drop in new-vehicle sales last year may cause a decline in the used-vehicle supply, resulting in higher resale values in the next few years.
Read More →The car rental company said the transaction will provide additional long-term fleet funding before the next scheduled fleet debt matures.
Read More →Funston, an automotive industry veteran with more than two decades of experience in fleet sales development, vehicle remarketing, distribution, logistics and business management, will be responsible for marketing the all-electric CODA sedan to commercial fleet customers.
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Used-vehicle prices are achieving highs that will start to drive used-vehicle buyers to new cars, says Tom Kontos in Adesa's April Current Used Vehicle Market Conditions and Outlook.
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ROUSH's propane-fueled E-Series vans can help fleet managers meet the airport's new fuel requirements. The ROUSH liquid propane injection system works on the Ford E-150, E-250 and E-350 chassis with the 5.4L, V-8 engine. Each has been EPA certified, with CARB (California Air Resources Board) approval pending.
Read More →The automaker said it will offer cash back or zero-percent financing on most 2010 model year Chrysler, Dodge, Jeep and Ram truck vehicles when financed through GMAC Financial Services.
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Repurchase programs are still available to small- and medium-sized rental companies. For the uninitiated, here’s how they work and when they work best.
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As the industry emerges from the recession, auto rental executives, operators and other professionals met at this year’s show ready to tackle the issues of fleet financing, lifecycle management, remarketing, utilization and no-show fees.
Read More →The deal will give Hertz an additional 1,550 locations worldwide and a total of 9,800 across six continents. Under the terms of the deal, Hertz will pay $41 a share, a 19 percent premium over Dollar Thrifty’s 30-day average stock price. The offer is 80 percent cash and 20 percent stock.
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