New GM Vehicle Will be Limited in Rental Fleets
Currently, 40 percent of the Malibu–GM's most fleeted car–is sold to rental companies. However, GM only intends to put out 20 percent of the production output to rental agencies.
Rental car agencies will receive half the number of the 2008 Chevy Malibu sedans than they normally acquire with previous models, says General Motors, The Detroit News reports.
Currently, 40 percent of the Malibu–GM’s most fleeted car–is sold to rental companies. However, GM only intends to put out 20 percent of the production output to rental agencies.
In recent years, the Detroit Three have been trying to cut ties from rental-car companies. They believe that rental fleets drive down the value of vehicles by oversupplying the market and therefore, ruin the car’s image.
According to The Detroit News, production for the 2008 Chevy Malibu began on Oct. 15. The vehicle’s first showcase is scheduled for Nov.1.
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