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Commercial sales increased 10.3% in October, while sales to government agencies increased 1%. Sales into daily rental increased 0.2%.
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Pam Nicholson, president and chief executive of Enterprise Holdings, has landed at No. 17 on Fortune's list of the 51 Most Powerful Women in Business that also includes GM's Mary Barra, Facebook's Sheryl Sandberg, and Oprah Winfrey.
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The average cost to own and operate a vehicle is $7,321 for 10,841 miles per year not including parking charges, and $10,049 with parking charges.
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In Michigan, New York, and the province of Quebec, the minimum age to rent a vehicle will remain 18 for both brands as required by law.
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The AlixPartners survey found that 50% of respondents cited parking issues and associated costs; 35% cited the laborious process of renting a car as reasons for using ride hailing instead.
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Sales of vehicles to commercial fleets from eight manufacturers increased 7.9% to 73,848 in June, while sales into daily rental sales increased 10.9% and government sales increased 9.8%.
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Mercedes-Benz has provided pricing for its three-tier subscription service, while Fiat Chrysler Automobiles will offer Jeep Wave that will also allow drivers to use a vehicle for a monthly fee across three levels similar to a short-term rental.
Read More →Sales of vehicles to commercial fleets increased 2.1% in May, while sales to government fleets were flat, and sales into daily rental increased 29.8%.
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Off-lease vehicles from fleet consignors in the rental, commercial, and government sectors increased 2.3% in April from March and increased 5.8% from a year ago, according to analysis from KAR Auction Services.
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Sales of vehicles to commercial fleets from eight manufactures increased 9% to 67,458 in April as sales of trucks, vans, and SUVs powered an increase of 11.6% to 60,801, while and passenger car sales fell 10.2% to 6,657 units compared to a year ago, according to Automotive Fleet data.
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