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.
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In the 2019 fiscal year, the organization recorded more revenue, transactions, vehicles, locations, and customer miles logged than ever before.
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Adjusted net income for the second quarter 2019 was $71 million.
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Second quarter revenues featured a 2% increase in rental days.
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Investors are encouraged to dial in approximately 10 minutes prior to the call.
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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).
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Total U.S. rental car revenues increased 7%, compared to the first quarter of 2018.
Read More →Hertz's Q3 earnings are a 7% increase from the same time last year.
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Net income improved to $26 million and adjusted net income increased 84% to $46 million, or $0.57 per diluted share.
Read More →For the second quarter 2018, total revenues were $2.4 billion, a 7% increase versus the second quarter 2017.
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