Some 600,000 to 1 million vehicles were severely damaged or lost as a result of Hurricanes Irma and Harvey, resulting in a spike in vehicle sales and buoyed depreciation.
Trucks, SUVs Boost Rental Vehicle Sales
Manufacturers’ year-to-date sales of trucks and SUVs into the rental market increased 37.6% from 2015 to 2016 — while car sales have dipped 11.9%.