Avis Earnings Miss Raises Concerns for Hertz

The video discusses the decline in rental car pricing, which was more significant than analysts predicted. This decline, coupled with increased depreciation rates, has impacted rental car companies like Avison. The market did not anticipate these changes, partly due to Hertz's restructuring efforts. The video also explores the influx of cars coming off lease, affecting the used car market. Despite these challenges, there are signs of potential recovery in rental car pricing, as indicated by slight price increases in recent months.

What was the percentage decline in rental car pricing that was considered a significant miss?

• 5%

• 1.5%

• 2%

• 4%

What is the biggest cost for rental car companies that increased by 10%?

• Maintenance costs

• Insurance costs

• Depreciation rates

• Fuel costs

According to the CEO, what trend was observed in rental car prices starting in June?

• Prices continued to decline

• Prices stabilized

• Prices began to increase

• Prices fluctuated unpredictably

What type of vehicles is Hertz trying to replace in its fleet?

• Electric cars

• Luxury sedans

• Sport utility vehicles

• Compact and family sedans

What has caused the used car prices to stabilize recently?

• Higher demand for used cars

• Decrease in new car production

• Increase in car leasing

• Influx of cars coming off lease