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SEARCHGM reports 24 percent gain in sales to rental car companies in August. Ford rental fleet sales dropped 44 percent while Chrysler's sales to rental, government and industry fleets were down 20 percent.
General Motors surprised analysts by posting a 6 percent August sales increase–fueled by a 24 percent jump in sales to rental-car companies and a 16.6 percent rise in light-truck sales, the Associated Press reports.
Ford posted a 14.4 percent decline for August, sales analyst George Pipas said that was partly due to a 44 percent decrease in sales to rental car fleets.
According to the AP, Chrysler's sales were down 6.1 percent in August, the same month the company finalized its breakup with DaimlerChrysler. Chrysler said its sales to rental, government and industry fleets were down 20 percent, part of the company's effort to wean itself from fleet sales.
LOR overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
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The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.
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The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
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The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
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The global franchise operation reaches a first in its rental fleet portfolio with new service in Uzbekistan.
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West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.
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Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.
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A Carwiz partner in Puerto Rico is taking on the Panama franchise with operations in the nation's largest airport.
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The integrated business model combines each operator’s local expertise with international standards to boost sales.
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The study looks at customer analytics to size up performance in car rentals, rideshare, airlines, lodging, and OTAs.
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