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
Commercial fleet sales from nine manufacturers totaled 47,942 in November 2020, representing a 11.8% overall decrease when compared to the same time last year, though this was an improvement over what was reported the previous month in October.
December 2, 2020
Total fleet sales for the month — which is comprised of commercial, rental, and government sales — came in at 101,159, which represented a 51% drop from the same time last year.
September 9, 2020
Customers will have access to a broader variety of trucks, including multiple truck classes, specialty equipped trucks and moving trucks, as well as cargo and cube vans.
September 2, 2020
Hertz Global Holdings has considered selling it’s Donlen leasing business if it can get at least $1 billion and has several buyers interested in the fleet management company, chiefly private equity funds, according to a report from Bloomberg.
September 1, 2020
Zoox started in 2014 with the vision of purpose-built, zero-emissions vehicles designed for autonomous ride-hailing, along with an end-to-end autonomy software stack.
July 1, 2020