Sixt:Quarterly Results/2023 Q3: Difference between revisions

* Demand was strong in the quarter and pricing was above the pre-pandemic levels (stable). "We believe that various inflationary factors will continue to support tighter fleets and more elevated rates versus those historically experienced in the industry, all consistent with our ROA focus," Scherr said. They expect year-over-year declines to moderate as they move through October, as they have witnessed "ongoing strength in leisure across North America as well as Europe."

* In Q4, Hertz expects depreciation to "key off the market and to fall within a range of 280 to $300 per unit with variability to be occasioned by volatility and residual values which could alter gross and net depreciation and which may cause us to adjust our fleet plans accordingly through the end of the year."

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