GM has overtaken Ford as the leader in the commercial channel, Ford remains on top in government fleet sales, while Stellantis’ share dropped.
Investigators believe that a fire at Nantucket Airport, which destroyed five vehicles rented to President Joe Biden’s secret service agents, may have started in an SUV that was subject to a safety recall.
Some manufacturers may be shifting more of their sales to fleet as they see retail sales soften due to consumer economic concerns.
If retail consumers avoid buying new vehicles because of high inflation and interest rates, then OEMs may route more of them into fleet and lease channels.
Combined sales into large rental, commercial, and government fleets were up 14.6% year over year in August.
Sales into commercial fleets were up 19% year over year, and sales into government fleets were up 31%, but rental were down 7%.
Broken down, government fleets were up 5.9% YOY, commercial fleets down by 0.1%, and rental fleet volume down 33% from last May.
Sales into rental fleets for the first quarter of 2022 were the lowest since the first quarter of 2009, when the industry was in the throes of the Great Recession.
The platform allows car rental companies to exchange unfulfilled rentals amongst each other.
Less than one year ago, Ebrima Jallow started what he believes is the first environmentally friendly vehicle rental company in the state; here, he reflects on his journey to ownership and educating customers on carbon reductions.
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