Fleet

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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Hertz reaches pact with Icahn to replace 3 directors

4:44 pm U.S. ET | Sept. 11, 2014
Hertz Global Holdings reached an agreement in principle with billionaire investor Carl Icahn to appoint three directors to the board of the rental-car company in place of current members....
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MV-1 wheelchair-access vehicle now available at 107 dealerships

3:42 pm U.S. ET | Sept. 8, 2014
More than 100 dealers are now prepared to offer their customers MV-1 wheelchair-accessible vehicles, manufacturer Mobility Ventures said in a statement today....
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Hertz CEO Frissora steps down amid shareholder pressure

9:17 am U.S. ET | Sept. 8, 2014
Hertz CEO Mark Frissora, who took the helm of the rental car giant after a successful stint as head of auto supplier Tenneco, stepped down today after investors pushed for his removal, citing accounting and operational missteps....
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Daimler buys smartphone apps but seeks to avoid Uber controversy

12:16 pm U.S. ET | Sept. 3, 2014
Daimler said it had bought Mytaxi and RideScout, two smartphone applications that will help the maker of Mercedes-Benz limousines provide services to people who do not own cars....
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Why fleet sales soared in July

12:01 am U.S. ET | Aug. 11, 2014
How did total July U.S. light-vehicle sales rise 9 percent?...
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GM bulks up for growing fleet battle

12:01 am U.S. ET | Aug. 4, 2014
This fall, GM will roll out the Chevrolet City Express small cargo van, a rebadged Nissan NV200 that will fill a key hole in GM's fleet lineup to match the Ford Transit Express and Ram ProMaster. GM also plans launches during the second half of the year of entries that could do brisk fleet business....
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GM stands by its 1990s vintage vans; Fleet exec says customers are content

12:01 am U.S. ET | Aug. 2, 2014
General Motors' full-sized commercial van -- sold as the Chevrolet Express and GMC Savana -- has officially become the old man of that mainstay fleet segment....
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Millennials drawn to car-sharing services, but eventually, they buy

12:01 am U.S. ET | July 26, 2014
Car- and ride-sharing programs are changing the way city dwellers get around and the way millennials think about car ownership. Automakers have noticed and are experimenting with ways to adapt -- creating partnerships with car-sharing services or offering their own transportation services....
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Tesla makes the shopping list as U.K. eyes greener government fleet

10:34 am U.S. ET | July 18, 2014
Tesla Motors, a month after starting Model S deliveries in the United Kingdom, said its flagship electric sedan is among the cars being considered for purchase by the government there to transport officials....
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Fleet outpaces retail in June

12:01 am U.S. ET | July 14, 2014
Fleet sales outpaced retail in June, countering a three-year trend toward greater retail volume. Among major automakers, fleet sales in June rose 6 percent while retail slid 1 percent....
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VW's new Passat to get fleet sales boost from euro zone's brighter outlook

July 4, 2014 09:52 CET
The new VW Passat is expected to get a sales boost as companies in Europe take advantage of a brightening economic outlook to resume investing in their fleets....
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Fleet buyers want to expand, add alternative-fuel vehicles, survey finds

2:58 pm U.S. ET | June 23, 2014
Middle-market companies are looking to expand and tweak their aging vehicle fleets in light of the improving economic outlook and rising fuel costs, an industry survey released today found....
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