Yes, both Hertz and Avis also reported having a lower fleet than 2023 to try to match demand and keep pricing stable.
It seems currently the priority for these companies is rotating the fleet to handle depreciating costs as soon as possible, and not necessarily growing it.
Over the remainder of the year, we intend to manage our fleet levels below the same periods in 2023.
As we tighten the fleet, we will benefit from culling low RPD, low contribution demand served through discretionary low price channels and contract freight business. These changes are highly actionable and removal from our book of business will improve our overall profitability.
goal has been and always will be to ensure that our fleet is kept inside of our demand. And while the quarter shows our fleet size to be up 2%, we started July with fleet down over prior year.
will continue to prioritize price over volume, and we’ll do our part to keep our fleet tight to strengthen our pricing opportunities.
With this prudent approach, we can expect to start 2025 with significantly fewer cars than we started in 2024.
The fleet numbers are for US, and the post about the rental industry is more general terms I think, no specific region was mentioned, but is still most likely US primarily.
The website seems to cover news from all regions.