This news should take into account the current rental car market situation: that is, absolutely bananas. Rental companies buy cars on leverage, and sell them u

This news should take into account the current rental car market situation: that is, absolutely bananas. Rental companies buy cars on leverage, and sell them used after a short lifespan. They sold off their inventory at the start of the pandemic and now can’t refill due to chip shortages, etc. The used market is also crazy inflated, currently, but these companies couldn’t take advantage of that appreciation.