
Commercial fleet sales rebounded in July with a 29.8% increase to 66,909 from a year ago. Sales of trucks, vans, and SUVs paced the gain, while sales of cars again saw a heavy decline, according to Automotive Fleet data.
Commercial fleet sales rebounded in July with a 29.8% increase to 66,909 from a year ago. Sales of trucks, vans, and SUVs paced the gain, while sales of cars again saw a heavy decline, according to Automotive Fleet data.
Commercial fleet sales continued their torrid spring, increasing 12.3% in May after increasing 11.2% in April. Year-to-date sales are now 7.8% ahead of the first five months of 2018, according to Automotive Fleet data.
Sales to corporate fleets increased 11.2%, while sales to government agencies and rental fleets fell 0.3% and 6.5% respectively.
With an integrated network of more than 5,800 Enterprise-branded rental locations throughout the U.S., the car rental operator is strategically and uniquely positioned to offer access to a wide variety of local transportation options.
Commercial sales increased 10.3% in October, while sales to government agencies increased 1%. Sales into daily rental increased 0.2%.
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.
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.
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.
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%.
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.
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