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Rental companies offer more foreign makes

Posted Wednesday, Jul 22, 2009, 11:18 am in Employee News

For the first ts ime, U.S. auto rental companies are buying more foreign vehicles than domestic brands, said the Los Angeles Times.

Through the first six months this year, only 48.8% of the new vehicles going into rental fleets came from GM, Ford or Chrysler, compared with two-thirds a year earlier, according to data supplied by trade publication Automotive Fleet and reported in the story.

Just three years ago, more than 8 in 10 vehicles sold to rental fleets such as Hertz, Enterprise and Avis came from the Big Three, the Times reported. Now those lots are filling with models from Hyundai, Kia, Toyota and Nissan.

The story says the change is evidence that rental agencies increasingly want cars their customers prefer rather than the cheapest vehicles available and, as important, ones that will hold their value over time. (The Los Angeles Times)
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