Analysis: Starting in 2023, the effects of the pandemic-driven slowdown and the changes in leasing will affect the used-vehicle supply by mid-decade.
Founded in 1969 by Roger Penske, the company was created through the acquisition of a car and light truck rental and leasing business with three locations in eastern Pennsylvania.
The event, held at the B Ocean Resort in Ft. Lauderdale, Fla., launched United MileFleet's Partner Program.
Used-vehicle values have held strong this year. A strong economy and more efficient remarketing strategies are helping make 2018 a banner year for used-vehicle values.
Customers have a central contact at their disposal who creates individually tailored solutions for car rental, leasing, chauffeur service, ride-hailing, and mobility management.
The City of Crystal Lake, Ill., expects to save $3.57 million over 15 years by moving to leasing for many of its fleet vehicles, including police cars.
The 31 founding partners span the areas of OEM, parts and components manufacturing, electric vehicle services, and digital map services.
Hyundai will offer its 2017 Ioniq Electric compact sedan as part of a subscription program in California that allows users to drive the car for at least $275 per month plus tax for 36 months without mileage penalties.
A record number of newer model year off-lease vehicles returning to dealer lots this year will be putting significant upward pressure on the late-model used market, according to the February 2017 Edmunds Used Vehicle Market Report.
Honda will offer its 2017 Clarity Fuel Cell sedan with a retail lease price of $369 per month in California starting at the end of 2016, Honda has announced.
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