Hetz having issues with their EVs
 

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.

If it were the drive train/ batteries then why would they be committed to buying more. Suspect is body repairs since that's not covered by warranty.

When you rent to bunch of ______(fill in the blank) expect major repairs. Just what happens when you rent.:22yikes:

Check vehicle life expectancy electric vs combustion engine.

One article points out fewer wear parts means EV should easily last 10 years, about as long as combustion vehicles are typically kept. Another article suggests EVs won't last the 20 years combustion vehicles are typically kept.

I find it doubtful that keeping a car for 20 years is common so I question the conclusions of that particular article.

I personally have only kept one vehicle for 10 years so for me, an EV has the same lifespan as a combustion engine.

But that doesn't seem to have anything to do with the article about Hertz.

Have you lived in many low income areas?

A lot of people seem to be missing a significant issue with EV's.

Just about everyone who wants one, has one. The market is over-saturated and market demand just isn't there.

The manufacturers wouldn't be making them, if they weren't forced to, in order to meet unrealistic CAFE requirements. Right now, manufacturers are trying to force them on the market. On paper, I'm sure the requirements made sense to some nit wit in Washington, but in the real world, people just don't want electric cars.

Is there any indication that the number of EVs sold is slumping? Data that turned up in my search (EV sales by year: here, here, and here) shows an increase from 2021 to 2022 and into 2023. July sales were a little less than June but is that a saturation in the market or the impact of rising interest rates? Regardless of the nitwit in Washington, the data seem to show that people want electric cars.

Over the years we have kept several vehicles for 20 years.

As long as they are reliable why get a new one?

Not in rust belt. ICE vehicles struggle to last 5 years there.

They will slump more also with high end any make. Majority can’t afford 60K (not even close to high end) plus vehicles of any kind.

Not yet known what all electric EV with be worth 10 years old let along last that long.

My guess is Hertz’ higher Tesla repair costs are mainly related to batteries and body damage.

I rented a Tesla Model 3 from Hertz for a week during an out-of-town trip for my one and only experience in driving an EV. I would not be surprised if many of the Hertz ‘repair’ costs are related to drivers running the batteries down close to zero and unable to drive further. If a renter is on the road and runs the battery down to near zero during a trip, I am almost certain that Hertz pays to fetch the car with the dead battery. Also, my experience was that the Tesla battery did not actually deliver the number of miles indicated earlier for the car range when fully charged by roughly 20% less. I was using the air conditioning. (I loved the Tesla technology and acceleration otherwise).

I also wonder whether Hertz is paying for battery replacements or at least accruing battery replacement costs given that many renters likely don’t mind Tesla’s guidance to not run the battery below 20% without impairing battery lifespan.

Finally, it is widely known that Tesla body damage repair costs are higher than for ordinary cars. Also, I guess that Hertz’ Tesla vehicles waiting for body repairs (parts and labor) are out of service longer (unable to rent) than for repairs to their ordinary cars.

Question was not potential trade-in value. Question was lifespan. 10+ year warranty guarantees lifespan to be 10+ years.

Wife and I live in a rural area, and it's definitely far from low income.
Our car is 14 years old, and compared to some of the stuff the 'Gentry' roar about in, it's a young whippersnapper!
Our reason for keeping an older car is:
A. We like it.
B. We're skint! :shrug:

Is the warranty the same for a vehicle bought for rental as a vehicle bought for personnel use?, what I have seen of rental cars demonstrates the fact that a lot of people don't treat a rental as their own

I rented a vehicle from Hertz last month. It is amazing how much cheaper it is to rent a EV vehicle compared to a gas. I passed on the EV as I was renting for a month and did not want the looking for charge issue.

When I rented a Tesla Model 3 from Hertz earlier this year, the rental cost was almost one-third less compared to a comparable gasoline car.

Did yours include any of the fees this article mentions?

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Refueling charges are not unique to EVs and neither is an above-market price for the "fuel" when purchased from the rental company. This "fee" is just the EV version of a common rental cost.

Yes there is information that EV sales are slowing. Both GM and Ford announced within the last week major delays in their development and expansion of their EV lines. According to their press releases they are seeing a softening of demand for all EV models. GM reduced their projected sales of EV's for next year from 1,000,000 to something like 600,000. This year I believe they are projecting to sell app 70,000.

The content of the above post is verified by the businessinsider article titled “Auto Execs ARE Coming Clean, EVs Aren’t Working”. The article sites multiple automaker CEO’s comments during earnings releases, including GM, Honda, Toyota, Mercedes Benz, Ford, and Tesla. Companies are abandoning their EV targets as inventory builds at dealers and significant markdowns and incentives aren’t attracting buyers. Dealers are reporting EV’s are taking much longer to sell compared to their gas counterparts as the next wave of buyers focus on cost, infrastructure challenges, and lifestyle barriers to adapting. Ford dealers have started turning away EV allocations, Toyota’s CEO stated “people are finally seeing reality”, and Mercedes Benz’s chairman said “this is a pretty brutal space”.

No, I did not pay any of those fees.

For a week, I paid about $20 one time at a Tesla Supercharger and the other recharges were free (to me) at friends and family plus one public free charger. The frequent charging while traveling was a PIA to me. My rental Model 3 did not have the long-range battery and I was recharging almost every day for a week.