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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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The global mobility company used its operational leasing model to build the domestic electric vehicle fleet of a major power provider.
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ICRS 2024: Bookings, rates, sales, upselling, technology, and smart fleet management all can widen the revenue stream when done right.
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Yearly sales figures for rental in 2024 will be at least 40% lower than those for 2019.
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ICRS 2024: Developing a big picture plan and strategy while tracking key metrics and managing small expenses can free up the profit pipeline.
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Sales of rental car fleets plummeted last month, sending the year-to-date total to a break-even point.
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Commercial, rental, and government fleets saw monthly sales decline again as 2024 totals are hovering close to 2023 levels.
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Rental fleets are propping up the overall upward trend in fleet vehicles sold so far this year.
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The total U.S. supply of available unsold new vehicles opened May at 51% above a year ago, but volume is still down 26% from 2019 levels.
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The share of new-vehicle sales from luxury brands drove up average transaction prices, when combined with fewer discounts and incentives, caused new vehicle affordability to fall.
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Commercial fleet sales were down more than 14% last month, tying its January decline and continuing a string of monthly losses.
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