Avis Offloads Older Fleet by Selling Used-Cars to Ride-Hail Drivers

  • Emma Sandler
  • May 5, 2017
Avis Budget Group started selling used vehicles to ride-hailing drivers in the first quarter as a strategy to offload its older fleet, David Wyshnerto, president and chief financial officer, said on the company’s earnings call yesterday. “We benefited from selling more of our used cars through alternative disposition channels,” Wyshner said. “We’ve expanded our direct-to-dealer and direct-to-consumer networks […]