The first-half total of 341,983 units marks the lowest rental fleet sales in at least 20 years — easily eclipsing the nadir of 788,349 units in H1 2011 as the industry dug out of the Great Recession.
July 5, 2022
150 Plug-in hybrid Jeep Renegade and Compass 4xe's have been added by Free2move to its Madrid hub, aligning with the company's goal to lower its carbon footprint to 50% by 2030.
June 20, 2022
The app-based platform allows retail and fleet drivers opportunity to try out a Polestar 2 electric sedan with one monthly payment, no purchase commitment or lease obligation, and the right to purchase.
June 6, 2022
The collaboration enables car rental agencies to optimize their fleet mix for both rental and sales.
May 31, 2022
With 2021 in the books, how many units were sold into rental fleets in 2021 compared to previous years?
January 11, 2022
Athene is the lead investor in the new mega company, consolidating two of the most well-known fleet companies in the world.
October 28, 2021
Two of the world’s largest leasing companies are considering combining forces to create a global mobility leader.
October 27, 2021
In the blink of an eye, car rental is now the largest fleet buyer of electric vehicles. Tesla Model 3 rentals to begin in November.
October 25, 2021
The decrease in U.S. auto sales is due to historically low new-vehicle inventory levels, which are over 50% lower than they were a year ago.
August 25, 2021
For April, Manheim’s rental risk unit share fell to the lowest level since 2002. Rental car companies are net buyers, not sellers, of wholesale used vehicles right now, says Cox Automotive’s Jonathan Smoke.
May 11, 2021
Monthly and year-to-date comparisons of rental fleet sales to pre-pandemic periods in 2019 show unprecedented declines.
May 5, 2021
Sales to fleet buyers were off notably last quarter – down 28% percent from Q1 2020 – but robust retail sales more than covered fleet’s shortfall and provided reason to believe new-vehicle sales have recovered from the pandemic meltdown.
April 22, 2021
The acquisition creates growth by combining complementary customer networks and is a key step in EnjoyTravel.com’s plan to further expand in the Swedish, Italian, and French tourism markets
January 21, 2021
Stellantis, the merger between Fiat Chrysler Automobiles and Groupe PSA, will “embrace electrification, connectivity, autonomous driving, and shared ownership,” the company said.
January 19, 2021
The data from KAR Analytical Services demonstrates how rental companies sold into the used car market during the summer, traditionally the industry’s busiest season.
December 9, 2020
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