Fleet

Fleet sales again outpace retail in Feb.

12:01 am U.S. ET | March 16, 2015

Fleet sales again rose faster than retail sales in February among the seven major automakers, continuing a surge that began in late 2014. Sales to fleets rose 7.6 percent from a year earlier, compared with a 4.2 percent increase in sales though dealerships....
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VW near deal to sell LeasePlan, sources say

March 15, 2015 13:34 CET

VW Group and German private bank Metzler are nearing an agreement to sell Dutch fleet-management company LeasePlan for about 3 billion euros ($3.16 billion) to a group led by private equity firm TDR Capital....
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Ford says F-150 fleet deliveries to quicken as 2nd plant comes on line

1:11 pm U.S. ET | March 13, 2015

Ford's launch of the redesigned, aluminum-intensive 2015 F-Series remains on track, and fleet customers will have their orders filled in greater numbers in the second quarter as production accelerates, a top executive said on Friday....
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Ram will expand lineup of CNG-powered trucks

1:11 pm U.S. ET | March 4, 2015

Fiat Chrysler is expanding the availability of compressed natural gas on its heavy duty Ram pickup. The CNG-fueled truck, originally engineered for fleet operators, is available now only in a four-door crew cab, four-wheel-drive and long-bed model. This fall, the truck will be offered in a regular cab two-door body style with two-wheel drive and a long bed....
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GM's sales up 4.2% as trucks soar, cars dive

12:00 pm U.S. ET | March 3, 2015

Booming demand for General Motors' pickups and SUVs in February helped ease the sting of a 21 percent drop in car sales. Overall, GM sold 231,378 light vehicles last month, up 4.2 percent from a year earlier. Sales to individual buyers rose 1 percent while deliveries to fleet customers increased by 12 percent....
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EDITORIAL

A sweet fleet deal

12:01 am U.S. ET | Feb. 23, 2015

The victor of the next Postal Service fleet contract wins a ubiquitous showcase of its innovation, utility and durability for years to come. This is a deal that would be well worth the effort....
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Fleet sales rose faster than retail in January

12:01 am U.S. ET | Feb. 16, 2015

Fleet sales outpaced retail in January, rising 20 percent among major players compared with 13 percent for vehicles sold by dealers....
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Ford aims Vignale Mondeo at business buyers

Feb. 14, 2015 06:01 CET

Ford of Europe's Vignale upscale trim line, which will launch In September on the new Mondeo, will be aimed mainly at business customers. Ford is seeking to boost profit margins with Vignale and fend off competition in the midsize segment from BMW, Mercedes and Audi....
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SWEEPSTAKES IN THE MAIL

Postal Service's next-gen van carries a $6 billion prize

12:01 am U.S. ET | Feb. 14, 2015

Faced with rising maintenance costs for its aging fleet and needing extra cargo space to satisfy the desires of online shoppers, the US Postal Service is asking automakers to bid on a commercial van that would replace the boxy Long Life Vehicle and become the backbone of the service's delivery fleet starting in 2018. It could be one of the largest fleet purchases ever....
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U.S. Postal Service to seek bids on next delivery vehicle

6:00 am U.S. ET | Feb. 12, 2015

Faced with rising maintenance costs for its aging fleet and needing extra cargo space to satisfy the desires of online shoppers, the Postal Service is asking automakers to bid on a commercial van that would replace the boxy Long Life Vehicle and become the backbone of the service's delivery fleet starting in 2018. It could be one of the largest fleet purchases ever....
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Ford, powered by F series, reaps higher prices on 15% increase in sales

12:15 pm U.S. ET | Feb. 3, 2015

Ford's Dearborn, Mich., truck plant, which assembles the redesigned 2015 F-150 with an aluminum body, is running at full line speed, giving a boost to Ford pickup sales and pricing....
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GM trucks, fleet drive 18% gain; pricing jumps

11:00 am U.S. ET | Feb. 3, 2015

Big demand for trucks and a spike in deliveries to fleet customers sent General Motors' January sales up 18 percent from a year ago, the company's best start to a year since 2008....
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2014 rental fleet purchases are most since '07

2:36 pm U.S. ET | Jan. 23, 2015

Rental car companies bought 1.63 million new vehicles in 2014, almost 4 percent more than they purchased the year before. It was the highest purchase volume since 2007, but well below the 2.1 million new vehicles that were sold into rental fleets in 2005 and 2006, according to Manheim's annual Used Car Market Report....
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December rally helps balance fleet and retail sales growth

12:01 am U.S. ET | Jan. 19, 2015

A year-end flurry of fleet sales at Chrysler Group, Hyundai-Kia and Toyota Motor Sales helped major automakers boost December fleet volume 19 percent. The December surge helped the seven best-selling automakers achieve balanced growth for the year: Both the group's retail sales and its fleet sales rose 6 percent in 2014....
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GM reaps booming truck, crossover sales for best December since 2007

12:00 pm U.S. ET | Jan. 5, 2015

GM rode surging demand for trucks and a 20-percent-off promotion to a 19 percent jump in U.S. sales last month, its strongest December since 2007....
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Hertz raises U.S. prices as fleet costs increase

5:16 pm U.S. ET | Dec. 23, 2014

Hertz Global Holdings raised prices for rental cars to be picked up January 1 or later. The stock had its biggest gain of the year, and Avis shares soared, too....
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Fleet and retail even out as year end nears

12:01 am U.S. ET | Dec. 15, 2014

Fleet sales grew at a faster pace than retail volume in November, bringing both channels into balance as the year nears a close. For the seven automakers that control 86 percent of the U.S. light-vehicle market, fleet volume climbed 8 percent in November....
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Hertz hires airline veteran Tague to revive company

12:12 pm U.S. ET | Nov. 21, 2014

Hertz Global Holdings named John Tague as its new CEO, appointing the manager credited with boosting sales at United Airlines to restore investors' confidence in the car-rental company plagued by an aging fleet and sloppy accounting....
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Hertz to restate results, change fleet-purchase strategy

2:22 pm U.S. ET | Nov. 14, 2014

Hertz said today it will revise financial statements from 2011 through 2013 and continue a review that has found $87 million of errors so far. Hertz also said it's initiating a $100 million cost-reduction program and said it increased the rate at which it's selling the highest-mileage cars in its fleet by 45 percent....
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Fleets give October a big boost

12:01 am U.S. ET | Nov. 10, 2014

Fleet volume sharply outpaced retail sales in October, turning what would have been a below-par sales month into an above-average one....
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GM axes U.S. version of Chevy Captiva Sport -- a fleet staple

11:45 am U.S. ET | Nov. 4, 2014

GM has discontinued the U.S. version of the Chevrolet Captiva Sport, ending a three-year run for the fleet-only small crossover....
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Avis Budget reduces exposure to used prices

12:01 am U.S. ET | Nov. 3, 2014

Avis Budget Group Inc. plans to reduce its exposure to falling used-vehicle prices by shifting more of the financial responsibility for remarketing its retired vehicles onto automakers....
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EDITORIAL

An mpg report card

12:01 am U.S. ET | Oct. 13, 2014

The pace of U.S. light-vehicle fuel economy gains slowed last year, the EPA said in an annual report. But even though the 0.5 mpg improvement in the 2013 model year was less than half the 2012 savings, the report contained encouraging signs....
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Fleet helps drive big August sales numbers

12:01 am U.S. ET | Sept. 15, 2014

Growth in fleet sales outpaced retail in last month's robust U.S. auto market....
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Hertz CEO exits under pressure

12:01 am U.S. ET | Sept. 15, 2014

Hertz CEO Mark Frissora, the former Tenneco chief who has led the rental car giant since 2006, resigned under pressure last week....
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