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The extensive drop in new-vehicle sales last year may cause a decline in the used-vehicle supply, resulting in higher resale values in the next few years.
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June new-vehicle retail sales were down 5 percent compared with one-year ago. Fleet sales were not expected to change, so the SAAR may come in well below the 10.9 million units previously expected.
Read More →The “customer-choice” rental service allows customers to reserve a vehicle class and size, and then select their own vehicle from those available on the lot at the time of arrival. The car rental company says it plans to rollout out this service in 10 cities, including Miami, Cleveland, Dallas Love Field and Baltimore, by the end of this year.
Read More →The car rental company opened corporate locations to serve two of the top 100 airports in the United States, as well as 15 new franchise locations.
Read More →Travel by automobile continues to be dominant mode of transportation as AAA expects more emergency roadside assistance calls than any other summer holiday.
Read More →The American Automotive Policy Council, a representative of the Detroit Three, said it supports H.R. 4175, “The End Discriminatory State Taxes for Automobile Renters Act,” which would prohibit state and local governments from enacting future discriminatory taxes on rental vehicles.
Read More →The issue of how rental car companies handle manufacturers’ recalls has been put in the spotlight following the resolution last week of a lawsuit in Alameda County, Calif.
Read More →The rental car company’s Capitola, Calif., branch was accused of negligence in handling a vehicle safety recall of a 2004 Chrysler PT Cruiser, which was involved in a fatal traffic accident of two women.
Read More →The car rental company said the transaction will provide additional long-term fleet funding before the next scheduled fleet debt matures.
Read More →Police said the suspect used Mexican identification to rent vehicles from two airport rental agencies and never returned them.
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