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The REE and U-Haul partnership would be a major milestone in the electrification of rental fleets. The P7-S platform’s design, with REEcorner technology, is flexible, efficient, and sustainable and fits U-Haul’s operational requirements.
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The end-of-year tallies show a healthy 28% annual increase across commercial, rental, and government fleet sectors.
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Bobit releases the latest aggregate numbers for specific fleet sectors as total sales look to close out 2023 well ahead of last year.
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Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.
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All large manufacturers showed gains in fleet over last year, with combined sales into large rental, commercial, and government fleets improving.
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If retail consumers avoid buying new vehicles because of high inflation and interest rates, then OEMs may route more of them into fleet and lease channels.
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Sales into commercial fleets were up 19% year over year, and sales into government fleets were up 31%, but rental were down 7%.
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The purchase furthers electrification of the company's on‐road fleet, with the first trucks to be delivered in summer 2022.
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Looking at automakers, year-over-year changes in fleet sales differed by manufacturer, ranging from a decline of 97% to an increase of 28%.
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Bill Gibson, director of national sales for ELMS, passed away on August 26, 2021, in Orlando, Fla., following a brief illness. Gibson is best remembered for his fleet career at General Motors, where he retired on April 30, 2011, as director, sales for General Motors Fleet & Commercial Operations. He worked at GM for 38 years, which included 21 years in GM Fleet & Commercial Operation, which included rental, commercial, and global fleet sales.
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