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A Leveling Force: AI Morphs Into A Rental Car Profit-Seeker
Revenue managers can’t match the emerging AI tools gobbling lots of data that could counter the competitive race to the rate bottom.
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SEARCHMENUSEARCHRevenue managers can’t match the emerging AI tools gobbling lots of data that could counter the competitive race to the rate bottom.
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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.
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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.
Read More →He will be responsible for developing and implementing Hyundai's first commercial-corporate fleet group. Previously, He was the national manager of Toyota Financial Services’ sales and marketing commercial finance division, where he was responsible for sales and marketing groups of more than 20 individuals, generating annual sales in excess of $300 million.
Read More →ADESA, KAR's whole car auction services business, had a 30 percent increase in sales in 2009 compared to the year-ago period. Additionally, the holding company’s salvage auction services business, Insurance Auto Auctions (IAA), experienced a 9 percent growth in online sales volumes in 2009 compared to the year-ago period.
Read More →Online-car shoppers will be able to compare Hertz's vehicle prices with the Kelley Blue Book Suggested Retail Value and search for Hertz inventory on KBB's online-car shopping site The Trusted Marketplace.
Read More →The transaction provides the company with the funding to complete expected fleet purchases, DTG’s President and CEO Scott L. Thompson said. "It also confirms that the company is again able to access vehicle financing at competitive rates and enhancement levels and highlights our plan to lower the overall interest carry cost of our fleet consistent with our focus on return on assets," he added.
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