Cox Automotive has established a new mobility services unit that combines existing businesses, such as its Flexdrive subscription service, with its acquisition of Clutch Technologies' subscription software platform to deliver fleet management solutions for mobility fleets, the company has announced.
August 13, 2018
Net income improved to $26 million and adjusted net income increased 84% to $46 million, or $0.57 per diluted share.
August 7, 2018
For the second quarter 2018, total revenues were $2.4 billion, a 7% increase versus the second quarter 2017.
August 6, 2018
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.
June 6, 2018
Revenue growth was driven by a 5% increase in total rental days and strong pricing.
May 7, 2018
Subaru has begun offering an online tool that allows fleets to search for open recalls using the vehicle identification number through the Carfax used vehicle platform. The service is offered at no cost.
April 23, 2018
Buick and Lexus ranked highest in overall vehicle dependability, which improved 9% overall in the past year, according to J.D. Power's annual Vehicle Dependability Study. Fleets using a three-year replacement model may benefit from higher resale prices.
February 14, 2018
Enterprise Holdings will recognize 14 automotive auction partners with its 2017 Auction Achievement Awards.
November 15, 2017
For the third quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.6 billion, a 1% increase year-over-year. CEO Kathryn Marinello is encouraged by Hertz’s process but admits the company still has a lot of work ahead.
November 9, 2017
As many as 400,000 vehicles in Florida will need to be replaced as a result of Hurricane Irma, including as many as 11,000 fleet vehicles, according to Cox Automotive.
September 13, 2017
For the second quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.2 billion, a 2% decline versus second quarter 2016. Hertz reported a net loss of $158 million, including $54 million of impairment charges.
August 8, 2017
Jay Cadigan will retire from Manheim, capping a 40-year career in the remarketing industry that included stints at auctions, as well as leasing companies and rental car operators.
August 8, 2017
Avis Budget Group has reported revenue of $2.2 billion for its second quarter 2017, unchanged compared to Q2 2016. This is primarily due to an increase in overall rental days being offset by a decrease in pricing.
August 7, 2017
Hertz Global Holdings Inc. plans to report its second quarter 2017 financial results on Tuesday Aug. 8.
July 19, 2017
Avis Budget Group Inc. plans to report its second quarter 2017 results after the market close on Monday Aug. 7.
July 18, 2017