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).
KAR Auction Services' ADESA business unit sold 367,000 vehicles through a digital channel in the first quarter of 2019, an increase of 58,000 year-over-year.
Total U.S. rental car revenues increased 7%, compared to the first quarter of 2018.
Revenues grew 2% to $2.1 billion in the fourth quarter and 3% for the full year to $9.1 billion.
Hertz's Q3 earnings are a 7% increase from the same time last year.
Revenues grew to a record $2.8 billion in the third quarter on both higher volume and increased underlying pricing in the Americas.
Net income improved to $26 million and adjusted net income increased 84% to $46 million, or $0.57 per diluted share.
AutoNation saw more used vehicle sales and higher used vehicle profits during its most recent quarter, on a same-store basis, according to AutoNation’s first quarter earnings call.
Revenue growth was driven by a 5% increase in total rental days and strong pricing.
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