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Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.
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The current President and former CEO has helped lead the auto rental company through its restructuring.
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The international provider opens for business in the nation of Georgia that lies along the Black Sea coast on a land bridge between Russia and Iran.
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With sales slightly stronger than expected, tight supply, and prices at about 6% below last year, these factors are expected to prevent any substantial decline in wholesale prices through year-end.
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The number of used vehicles for sale had been increasing after hitting a low point in March but that increase in inventory stalled in mid-July and into August, as sales unexpectedly picked up.
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A serene space where employees may take a breather can boost health and morale during a time of mounting mental health concerns.
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The United Auto Workers contract with the Detroit Big 3 automakers expires Sept. 14 as new inventory remains 68% above last year's level.
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U.S. fleet sales for August were strong and reached levels for the month not seen since 2019.
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The independent short-term rental car company is growing westward from its concentration in the Florida and Texas markets.
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The San Francisco-based van rental company promotes their longest-tenured employee.
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