Higher rates are already shifting access to vehicles and financing towards wealthier consumers as overall affordability declines.
Despite the interest in EVs, cost remains a critical barrier for fleet managers, particularly the larger upfront costs known to deter EV adoption.
NextGear Capital, a vehicle financing company, has announced the appointment of Todd Gunderson to the role of division vice president for the U.S. Eastern region.
Lease financing Madison Capital has named a new chairman and president for the company.
Total revenue flat due to planned reduction in leasing to franchises. Same-store revenue up 2.9 percent. Revenue gains for vehicle rentals partially offset by drop in rental days, though volume improving. Utilization up. Strong used-car market keeps vehicle depreciation costs in check.
Chase Auto Finance gives Rent2Buy customers, who buy used vehicles from Hertz’s online car-sales program, a full range of financing options. Chase was the No. 1 auto lender in the United States in new loan production in 2009, lending $23.7 billion to finance 1.1 million new- and used-vehicles for consumers.
The struggles of one independent operator highlight what is right about the car rental industry.
Scott Thompson and Jeff Cerefice discuss Dollar Thrifty’s move to refranchise, debt restructuring, fleet financing, the science of car sales, loving 45,000-mile rentals and how the company is positioned well for the run to recovery.
Banks want more assurances than ever that your business is healthy. Having an answer to these 10 questions will help keep your credit lines safe.
More than 400 auto rental professionals gathered in Las Vegas at the 2009 Car Rental Show to address the challenges facing the industry. This year, the funding crisis and credit crunch were prevailing themes in the seminars, panels and roundtable discussions.
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