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Sales of rental car fleets plummeted last month, sending the year-to-date total to a break-even point.
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Increases in rental and government fleet sales offset another decline in commercial fleet sales.
Read More →Commercial fleet sales were down more than 14% last month, tying its January decline and continuing a string of monthly losses.
Read More →Year-to-date sales in commercial, rental, and government fleet sectors are scraping 600,000 vehicles sold.
Read More →The latest decision follows a one-third cut in Hertz's existing EV fleet as customers and consumers are not embracing EVs as much as expected.
Read More →Rental fleet sales gain by a fifth compared to last year while commercial fleet sales dip by double digits.
Read More →In another sign of EV hesitancy, a new survey shows only 1% of business travelers always rent them when using auto rental companies.
Read More →Electric vehicles may seem buggy and expensive now, but prices will inevitably come down as battery technology evolves and EV infrastructure becomes more commonplace.
Read More →In another high profile indicator of consumer EV skepticism, the auto rental giant will sell off the EVs to avoid further financial losses.
Read More →The end-of-year tallies show a healthy 28% annual increase across commercial, rental, and government fleet sectors.
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