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...And that’s important for rental car companies, because a big chunk of their value comes from what they can resell of their fleet at after cars have been used for couple of years, and they need to replenish...
...The GfK sub-index that tracks whether consumers think now is a good time to make big purchases, such as buying a car or house, dropped 14 points from September to minus 34 in October....
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...And if there are more people in the market for rentals, rental prices — a core component in the consumer price index — will increase,” says Stiglitz....
...Hertz, the car rental agency, had filed for bankruptcy in 2020 during the early stages of the pandemic....
...Recent announcements from rental car group Hertz and carmaker Ford will temper hopes of that....
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