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Top car rentals news stories... |
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U.S. new vehicles being kept longer than ever, Polk says |
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American drivers are holding on to their new vehicles longer than ever -- to nearly six years -- a new study says. Research firm Polk, citing data compiled in September 2011, said U.S. consumers kept their new vehicles an average of 71. |
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Why the pool of repos is skimpy, too |
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Just about anybody who cares about used vehicles knows that off-lease volume will be tight again this year as a result of fewer vehicles being leased during the recession. |
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Manheim report sees positive trends in leasing |
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In 2011, 20 percent of the 10.6 million new vehicles counted as sold in the United States at retail, excluding sales to fleets, were leased, one percentage point higher than in 2010, says the Manheim 2012 Used Car Market Report. |
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At last, used cars drive profits for N.Y. dealer |
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Suzanne Cochrane, general manager of Helms Bros. Inc. in New York, struggled for years to sell 15 used vehicles a month at the company's Mercedes-Benz dealership. |
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Dealers scour Craigslist, roadsides to feed used-car hunger |
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On Friday morning, an employee at Vince Whibbs Automotive Group in Pensacola, Fla., headed out to pick up the retailer's latest used-car acquisition -- in Atlanta, a six-hour drive away. |
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