Car rental fleets canceling big orders from automakers

Unused rental autos are saved in the parking large amount of Dodger Stadium in Los Angeles. Dodger Stadium and Angel Stadium are housing the autos as providers are left with a surplus of unused vehicles and limited potential to keep them. (AP Photo/Mark J. Terrill)

 

The collapse in need for new vehicles from U.S. rental auto fleets hit automakers tough in Might, even as customer sales were being more robust than expected and coronavirus remain-at-residence orders commenced to simplicity.

The collapse of air travel has pushed huge auto rental providers to cancel orders for new vehicles, punching a hole in

Read More Read More

Penske Dash short-term rental program halted after less than a year

Shorter-phrase rental assistance Penske Dash claimed it is ceasing its operations in Washington, D.C., and Arlington, Va., thanks to prolonged-phrase uncertainties resulting from the COVID-19 pandemic.

Penske Dash — a joint undertaking involving Penske Corp. and Penske Transportation Methods — joins a slew of mobility companies that are struggling with fiscal spoil amid the coronavirus outbreak.

Penske Dash released last fall and operates only in the two towns. In a statement on its web page, Penske Dash claimed the undertaking was no exception to the lots of providers struggling with the ripple results of the pandemic that “extend much and

Read More Read More