and even hit record levels in August as dealers grew tight on inventory. That market stabilization was crucial for rental-car firms because they regularly turn over their fleets and are sensitive to changes in resale values.
Customers, wary of air travel, rushed to rent vehicles for road trips and business needs and as an alternative to using ride-hailing apps operated by Uber Technologies Inc. and Lyft Inc., executives and analysts say. These trends helped Avis Budget Group Inc. swing to a net profit of $45 million in the third quarter, reversing losses in the first half of the year, the company said Friday. Privately held Enterprise Holdings Inc. also said it has benefited from an uptick in leisure travel, with bookings improving over the summer and customers renting vehicles for longer periods.
Rising used-car prices is a tell-tale sign of inflation. EndTheFed
Wake up America! if Trump wins he is going remove 2 term max he will rule for life!then pass to sons!he’s another Castro,Jim-Jon,&Chavez.He runs our government exactly as dictator,He controls the Republicans! he will change the constitution for life term Presidency, thanks to Amy
Florida wake up Herd immunity is the Trump DeSantis plan for the Floridians, population control, Eliminate senior citizens. DeSantis removed mandatory testing at all senior centers last week he opened the state 100% & now cases up 4800in one day! ERs full again! BidenHarris2020
wow