71–80 of 834 posts
"due to higher expenses due to collision damage" I wonder if that means insurance, frequency of collisions, average damage in a collision, or cost to repair disparity
So Hertz is continuing their narrative to blame EV's for their own executive mistakes. If you dig deeper you'll find that: - most of their EV's were rented to Uber drivers. - All Uber rentals, gas and EV, have higher milage, higher maintenance costs and lower resale values. In other words this state of affairs was highly predictable. That it wasn't taken into account is the fault of Hertz executives. They're trying t…
Car rental companies regularly rotate through their fleet. I suspect these are cars that are supposed to go up for resell anyway and they are just not replacing them with equivalents. EVs are already not a good fit for rental cars - I don't think travelers on vacation want to figure deal with a charging plan. It's also really hard to sell even a luxury sedan as an upgrade when everyone wants an SUV. I'd be curious to…
> It's also really hard to sell even a luxury sedan as an upgrade when everyone wants an SUV I don't want an SUV. I get angry at rental companies when they try to give me one. I increasingly don't recognize this country I grew up in with the car culture. In the early 90s nobody wanted SUVs either. The truck and SUV craze was apparently sparked by an emissions regulatory loophole, where larger vehicles were excempt be…
Car rental companies regularly rotate through their fleet. I suspect these are cars that are supposed to go up for resell anyway and they are just not replacing them with equivalents. EVs are already not a good fit for rental cars - I don't think travelers on vacation want to figure deal with a charging plan. It's also really hard to sell even a luxury sedan as an upgrade when everyone wants an SUV. I'd be curious to…
> It's also really hard to sell even a luxury sedan as an upgrade when everyone wants an SUV I don't want an SUV. I get angry at rental companies when they try to give me one. I increasingly don't recognize this country I grew up in with the car culture. In the early 90s nobody wanted SUVs either. The truck and SUV craze was apparently sparked by an emissions regulatory loophole, where larger vehicles were excempt be…
I'm going to avoid Hertz from here on out as much as possible. Especially if I want an EV. Perhaps the problem isn't Tesla, but Hertz. At least based on my experience, that's what it was.
Car rental companies regularly rotate through their fleet. I suspect these are cars that are supposed to go up for resell anyway and they are just not replacing them with equivalents. EVs are already not a good fit for rental cars - I don't think travelers on vacation want to figure deal with a charging plan. It's also really hard to sell even a luxury sedan as an upgrade when everyone wants an SUV. I'd be curious to…
But they wanted more than twice as much for a model 3 than any other compact sedan, so I ended up with a gas powered Kia instead.
So Hertz is continuing their narrative to blame EV's for their own executive mistakes. If you dig deeper you'll find that: - most of their EV's were rented to Uber drivers. - All Uber rentals, gas and EV, have higher milage, higher maintenance costs and lower resale values. In other words this state of affairs was highly predictable. That it wasn't taken into account is the fault of Hertz executives. They're trying t…
>Let me share a bit more context on the damage equation. First, while conventional maintenance on electric vehicles remained lower relative to comparable ICE vehicles in Q3, higher collision and damage repairs on EVs continue to weigh on our results and negatively impacted EBITDA. For context, collision and damage repairs on an EV can often run about twice that associated with a comparable combustion engine vehicle. Second, where a car is salvaged, we must crystallize at once any difference between our carrying value and the market value of that car. The MSRP declines in EVs over the course of 2023, driven primarily by Tesla have driven the fair market value of our EVs lower as compared to last year, such that a salvage creates a larger loss and, therefore, greater burden.
https://ir.hertz.com/static-files/75a583c0-90e0-496a-8b45-9f...
I tried renting an EV from Hertz a couple months ago. I reserved a Model Y. They waited until the morning of to call me and tell me they didn't have one for me. Said they might have a model 3 (but not the model Y I reserved) 3-4 hours passed my reserved pickup time. I waited an hour or two, then found a model y on Turo that got the job done. Then Hertz tried to charged me for cancelling... they did fix that but I was…
Which is why it's almost best to just rent the lowest, cheapest thing, because they'll give you whatever they have.
This stops working when you need a particular aspect of whatever it is, especially if it's an aspect nobody really "cares" about - like whether it is EV.
Most people care it has enough seats, and enough luggage room. So a larger SUV works as well as a car for them.