Fleet

Report: Every shared car means 32 lost sales

4:41 pm U.S. ET | Feb. 4, 2014
Each vehicle in the Zipcar or car2go car-sharing fleet means 32 lost vehicle sales, according to a report from consulting firm AlixPartners. The report, based on a survey of 2,000 adult car-sharing customers, also said Americans would have bought 500,000 new or used vehicles since 2006 if not for access to car-sharing services, a total that could grow to 1.2 million by 2020....
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GM sales slide 12% on lower fleet, retail volume

4:02 pm U.S. ET | Feb. 3, 2014
GM posted its largest year-over-year sales decline in 41 months as light-vehicle deliveries fell at least 10 percent for three of its four U.S. brands in January....
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Chevy offers free Impala weekend drives for National renters

12:01 am U.S. ET | Feb. 1, 2014
Chevrolet is offering members of National Car Rental's frequent renters clubs who recently rented 2014 Chevrolet Impalas a weekend of seat time in another Impala for free....
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Hyundai-Kia offsets 2013 retail drop with fleet sales

12:01 am U.S. ET | Jan. 13, 2014
Hyundai-Kia Automotive leaned heavily on fleet sales in 2013 to mitigate falling retail demand....
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GM share slips in '13 as Dec. sales, pickups fall

2:32 pm U.S. ET | Jan. 3, 2014
General Motors' sales slipped 6 percent in December, as all four of its brands posted weaker results while GM lost market share in the key pickup segment....
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Carl Icahn buys up to 40 million shares of Hertz, report says

3:00 pm U.S. ET | Jan. 3, 2014
Longtime Wall Street investor Carl Icahn bought as many as 40 million shares of stock in rental car giant Hertz Global Holdings Inc., CNBC reported today....
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Hertz shares jump after board adopts 'poison pill' stock plan

8:42 am U.S. ET | Jan. 1, 2014
Hertz Global Holdings rose to a record high after the largest publicly traded rental-car company said it adopted a so-called poison pill upon seeing “unusual and substantial activity” in its stock....
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GM, Chrysler sales lifted by strong demand

12:01 am U.S. ET | Dec. 9, 2013
General Motors’ November sales rose 14 percent on strong retail demand across its four brands, while the average price of a GM vehicle rose to a record high of $34,896....
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EDITORIAL

Sinkhole no more: Fleet shapes up

12:01 am U.S. ET | Nov. 18, 2013
The Detroit 3 have in recent years stopped dumping surplus cars into daily rental fleets and repurchasing them at pre-set prices. That has shifted more of the financial risk of resale to fleet operators, which have developed more outlets to resell used vehicles....
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In October, fleet again takes a back seat to retail

12:01 am U.S. ET | Nov. 11, 2013
Robust retail sales again drove U.S. light-vehicle sales in October, and many automakers continued to slow down on fleet volume....
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Hertz expects to double its retail vehicle sales in 2 years

4:11 pm U.S. ET | Nov. 5, 2013
Hertz Global Holdings plans to at least double the number of retired rental vehicles it sells to retail consumers over the next two years, its top executive said today....
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Ford recalls F-series ambulances

3:34 pm U.S. ET | Nov. 4, 2013
Ford is recalling 3,095 F-series ambulances because of a potential defect that might cause the vehicles to stall and not restart for at least an hour....
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ARLENA SAWYERS

Recycling rental cars, before they're retired

4:18 pm U.S. ET | Nov. 1, 2013
Avis Budget Group sure knows how to get the most out of its rental cars. Many of its cars do double- or even triple-duty before being sold online directly to dealers and to consumers....
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LINDSAY CHAPPELL

Nissan's taxi slap could be you next time

3:16 pm U.S. ET | Oct. 29, 2013
Nissan's competitors no doubt find it gleeful that just three weeks before the launch of its New York City yellow taxi, the city welched on the deal. Nissan had envisioned $1 billion in sales from its New York taxi contract. And it might or might not still see that. Nissan dealers have begun selling the taxi there anyway....
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Chevy to keep fleet Impala until '16

12:01 am U.S. ET | Oct. 26, 2013
The Impala Limited won't be so limited after all. General Motors will continue to sell the fleet-only version of the Chevrolet sedan until 2016, about two years longer than the company previously had indicated....
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Ford to sell Transit Connect Taxi in global markets

1:30 am U.S. ET | Oct. 21, 2013
The Ford Transit Connect Taxi is going global as the automaker announced that it would begin selling the vehicles in Hong Kong in early 2014....
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Electric car rentals hampered by range anxiety

12:01 am U.S. ET | Oct. 15, 2013
Rental car drivers just aren't plugging into electric vehicles, largely because of fears the batteries will die. In fact, people who drive off in electric vehicles from Enterprise Holdings, the biggest auto renter in the United States, often bring them back to trade for a car that runs on gasoline....
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Nissan ready to pitch low-cost version of Titan for fleet sales

12:01 am U.S. ET | Oct. 14, 2013
As Nissan completes the first redesign of its Titan full-sized pickup, the company hopes to broaden the truck's appeal with more configurations aimed at fleet buyers....
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