FastSaying
Our sales results reflect our conscious strategy to reduce our reliance on the less profitable daily rental portion of our fleet business and focus our efforts to grow the retail side of the business.
Marc Comeau
Sales
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We also made a decision that we were going to become less reliant on daily rental business -- sales to the Avis, Hertz, Budgets of the world.
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The incentive interface with consumers . . . had to be changed. It was difficult to discern the value we have built into our vehicles.
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The plan that we put in place in June of last year, from a retail perspective, is starting to bear fruit. If it brings the odd negative number at us, we'll deal with it.
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Sentiment will swing back in favor of a Federal Reserve rate hike in August if June retail sales rebound.
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It's going to come down to how sales are pre-Christmas, what we hear from the retail sector, ... I would expect next week, while remaining positive, to have not as robust a move as we saw this week.
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