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Originally Posted by CoachKandSportsguy

Hertz misses profit estimate as Tesla price cuts hit fleet value

Repair costs for EVs have also been higher than expected, about double what the company pays to fix damaged gasoline cars, Chief Executive Officer Stephen Scherr said in an interview Thursday.

hmmmmm, that's not what I read from the sales pitches. . .

There were sales pitches from Hertz?

Would be interesting to see the numbers. Inflation is hurting car sales all around. The demand for used cars may be down either due to satiation or an increased availability of new cars. Selling used cars, especially from a rental fleet, will be difficult if new car prices are reduced to be comparable. Hertz could have anticipated some of those but not all.

Would also be interesting to see what the damages are that need to be repaired. Are they related to the electric drive system or to body parts? Either way the EV is more expensive to repair but since it is likely the EV haters will start reposting this article, it would be nice to know just what the repairs involved.