August figures show sales into rental increased 118% year over year in August and are up 7% compared to the same time period last year.
Large rental, commercial, and government purchases of new vehicles increased 6% compared to this time in 2020, but decreased by 40% from the same time in 2019.
Sixt SE managed -$16.6 million in earnings before taxes in the first quarter of 2021, with business improving sequentially. U.S. is a bright spot while Europe continues to be affected by the lockdown.
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.
Hertz Global Holding’s adjusted EBITDA in the U.S. of $24 million in the first quarter of 2021 is truly a remarkable achievement.
Monthly and year-to-date comparisons of rental fleet sales to pre-pandemic periods in 2019 show unprecedented declines.
Avis Budget Group posts its best first-quarter adjusted EBITDA since 2015, driven by double-digit growth in revenue per day in the Americas.
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.
Commercial fleet sales from nine manufacturers totaled 55,252 in October 2020, representing a 12.6% overall decrease when compared to the same time last year, though these declines were impacted by a 49.5% drop for sedans, which represents the smallest segment volume for commercial fleets.
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.
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