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How the pandemic led to a rental car crisis just as Americans are ready to bust loose


How the pandemic led to a rental car crisis just as Americans are ready to bust loose
David J. Lynch, Yeganeh Torbati
© Joe Raedle/Getty Images
People wait in line at the Dollar car-rental agency at Miami International Airport on April 12. Customers are finding that agencies have limited or no vehicles available as people begin traveling again.
Avis Budget Group’s stock price closed at an all-time high on Friday, a sign that rental car companies’ fleet-shrinking strategies are paying off financially even as they leave consumers fuming.
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Major rental car operators last year sold off more than 770,000 cars as the pandemic crushed demand and kept Americans home, according to Jefferies Group, an investment bank. More than 1 of every 3 rental cars that were in service before the pandemic are no longer available. ....

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Vehicle Electrification Accelerates but Faces Static Infrastructure


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Car rental and ground transportation providers are
responding to the “acceleration” in interest among corporates in reducing their
carbon emissions since the start of the Covid-19 pandemic, according to Advito
principal Olivier Benoit.
While air has been the primary focus for reducing emissions,
followed by hotel, corporates have become more carbon-conscious across all
supplier categories. “They are now looking more into car and rail,” Benoit
said. “They are moving from a pure air [strategy] to a multimodal approach.”
Corporates are asking, “How can I pick up a contract with
the green guys in the industry?” added Benoit. “There’s more and more ....

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