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 impact did the influx of cars coming off lease have on the used car market?

How are rental car companies managing their fleets in response to market conditions?