OnDemand WTP Pricing Research

Toyota Corolla sales slump as car rental companies shift to Kia and Hyundai | CarsGuide

Toyota has lost a massive rental car fleet contract that has put an 1800-car dent in its annual sales and contributed to an 8.5 per cent slide in year-to-date results.

After 20 years with Corollas, one of the nation’s biggest independent rental car businesses has shifted orders to other manufacturers led by Hyundai and Kia.

The switch to other cars by the fleet company has also unseated Corolla from its third-place standing in the vehicle sales ladder, sliding it to fourth.

The single fleet business, that ordered hundreds of Hyundai i30s and Kia Ceratos in June, helped make i30 Australia’s third most popular car and elevated Cerato to sixth. Neither model has previously held such high standings.

The move away from Toyota was activated by Bayswater Car Rental that has offices in Perth and Sydney and has an existing fleet of about 2500 Corollas.

Read complete article here:

Toyota Corolla sales slump as car rental companies shift to Kia and Hyundai – Car News | CarsGuide.

Post a Comment

WP-SpamFree by Pole Position Marketing