The used car retailer that bought the ADESA auction group this year blames high used car prices and rising interest rates for sinking consumer demand.
In the 2019 fiscal year, the organization recorded more revenue, transactions, vehicles, locations, and customer miles logged than ever before.
Adjusted net income for the second quarter 2019 was $71 million.
Second quarter revenues featured a 2% increase in rental days.
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Following this Q1 start, the managing board of Sixt confirms its outlook for the entire fiscal year of 2019 and plans investments of around 8 billion euros ($9 billion).
Total U.S. rental car revenues increased 7%, compared to the first quarter of 2018.
Hertz's Q3 earnings are a 7% increase from the same time last year.
Net income improved to $26 million and adjusted net income increased 84% to $46 million, or $0.57 per diluted share.
For the second quarter 2018, total revenues were $2.4 billion, a 7% increase versus the second quarter 2017.
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