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Detroit carmakers and sales to rental fleets
05/10/2006
The practice of sales to rental fleets is affecting the Detroit automakers adversely in terms of prices for new vehicles competing with rental fleet cars on the market after 6-12 months of use by rental car companies. Rental car companies buy about 2 million cars a year with a large concentration of vehicles from GM, Ford and Chrysler. In fact GM sold 41% of its vehicles to rental fleets in 2006- 600,000 cars.
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