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Hertz Increases Q2 Revenue 5%
Avis Reports $2.3B in Q2 Revenue
Sixt's Q1 Revenue Hits $697M

Sixt's Q1 Revenue Hits $697M

Following this Q1 start, the managing board of Sixt confirms its outlook for the entire fiscal year of 2019 and plans investments of around 8 billion euros ($9 billion).

May 9, 2019

Hertz Reports Quarterly Revenue of $2.1B
Hertz to Sell 100th Anniversary Corvettes
Used Fleet Vehicle Prices Fell 2% in October

Used Fleet Vehicle Prices Fell 2% in October

The average price for used fleet vehicles fell 2% at auction in October, but remained 6.1% higher than a year ago amid a strong month for wholesale prices, according to Tom Kontos, KAR Auction Services' chief economist.

November 30, 2018

Enterprise Names Annual Auction Achievement Recipients
Hertz Closes Q3 with $2.8B Revenue
Avis Grows Q3 Revenue to $2.8B

Avis Grows Q3 Revenue to $2.8B

Revenues grew to a record $2.8 billion in the third quarter on both higher volume and increased underlying pricing in the Americas.

November 5, 2018

Used Fleet Vehicle Values Fall 1.6% in September

Used Fleet Vehicle Values Fall 1.6% in September

Vehicles from fleet consignors followed the broader used-vehicle market downward in September, as wholesale prices struggled to keep up with last year's hurricane-driven demand and a now robust upstream market, said Tom Kontos, KAR Auction Services' chief economist.

October 18, 2018

Used Fleet Vehicle Values Increase 1.5% in August

Used Fleet Vehicle Values Increase 1.5% in August

The average value of used fleet vehicles increased 1.5% in August from the prior month and are now up 8.5% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.

September 21, 2018

Hertz Appoints New Chief Financial Officer

Hertz Appoints New Chief Financial Officer

In the interim period prior to Jamere Jackson formally joining Hertz, Robin Kramer, currently Hertz's senior vice president and chief accounting officer, will assume the additional role of acting CFO effective immediately.

August 20, 2018

Used Fleet Vehicles Worth 8.1% More Than Last Year

Used Fleet Vehicles Worth 8.1% More Than Last Year

Vehicles that were taken out of commercial, government, and daily rental fleets and sold at auction in July were worth 8.1% more than they were a year ago and 0.4% more than in June, according to Tom Kontos, KAR Auction Services' chief economist.

August 13, 2018