AiM’s Avis Direct Program Highlighted “Rental Car Companies Seek Residual Refuge In Non-Auction Venues”

DETROIT, Michigan (August. 22, 2017)

Seeking shelter from volatile residual values, rental car companies are selling more retired rental vehicles directly to dealers and consumers through non-auction sales channels.

Avis Budget Group Inc. and Hertz Global Holdings Inc. said during their respective first quarter conference calls that per-unit fleet costs rose substantially in the quarter because of lower-than-expected used-vehicle values when they sold their retired vehicles.

http://www.autoremarketing.com/wholesale/rental-car-companies-seek-residual-refuge-non-auction-venues

 

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