Industry News
Jaguar Cars North America leaves rental business to improve residual values
27th Febuary 2006
Jaguar this year will cut the number of ex-lease used vehicles entering the used car market in the US, having had to remarket 27,000 used cars last year, mostly ex-lease X-Types and S-Types and equivalent to 89% of Jaguar's total new car sales.
This year Jaguar expects 21,000 units expected to return off-lease, according to C.J. O'Donnell, Jaguar Cars North America executive vice president of marketing, who said Jaguar stopped selling cars to Enterprise Rent-a-Car last year and will end deliveries to Hertz in the second quarter of this year.
(Automotive News, 27 February)
News Headlines
