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How much of this do you think is attributed to selling of car fleets during the start of the pandemic? As the rental companies tried to survive I assumed they
by gpapilion 5y ago
How much of this do you think is attributed to selling of car fleets during the start of the pandemic?
As the rental companies tried to survive I assumed they sold down there fleets and now can’t rebuild them due to supply chain madness.
- switch007 5y agoNot much. I think it’s greed. I saw regular new car deliveries at my local Hertz over the last 6 months. They’ve not lacked inventory from what I can see for a while now
- donatj 5y agoHertz very narrowly avoided going entirely under, I think it’s probably a force other than greed while they’re here clawing to life.
- switch007 5y agoThey’re in a good position now supposedly after shedding a lot of debt (nice Tesla order they placed recently eh). They exited bankruptcy in June.
- enos_feedler 5y agoA big factor for sure. I rented a car in Sept 2020 and was surprised to see no cars available when nobody was traveling. Usually keys are waiting for me (elite member) but had to wait line (!!!) to get a clean car _at the airport_. However, I think this shows there is a lot of room for both price movement and QoS movements down, and consumers just shrugging it off.