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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

Avis Grows Revenue 4% in Q2

Avis Grows Revenue 4% in Q2

Net income improved to $26 million and adjusted net income increased 84% to $46 million, or $0.57 per diluted share.

August 7, 2018

Hertz Reports $2.4B Q2 Revenue

Hertz Reports $2.4B Q2 Revenue

For the second quarter 2018, total revenues were $2.4 billion, a 7% increase versus the second quarter 2017.

August 6, 2018

Wholesale Fleet Vehicle Values Fall 1% in June

Wholesale Fleet Vehicle Values Fall 1% in June

Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.

July 16, 2018

Avis Opens New Car Sales Locations

All vehicles are Avis Certified — meaning they have passed a rigorous multi-point, bumper-to-bumper inspection process completed by certified mechanics, including ASE-Certified and ASE Master Technicians.

May 11, 2018

Avis Grows Revenue 7%, Record $2 Billion in Q1
Enterprise Car Sales Joins SiriusXM Pre-Owned Program

Enterprise Car Sales Joins SiriusXM Pre-Owned Program

Enterprise Car Sales has joined the SiriusXM Pre-Owned Program, meaning that customers who purchase a used vehicle from an Enterprise Car Sales location will be offered a three-month subscription to SiriusXM’s All Access audio package, according to a company announcement.

April 2, 2018

Element to Acquire GE Capital's Fleet Business

Element to Acquire GE Capital's Fleet Business

Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.

June 29, 2015