Semiconductor shortages are fueling the low fleet supply at Avis locations
Ongoing shortages of semiconductors has constrained Avis’s fleet supply and caused the company to hold cars longer when compared with prepandemic. However, the company has been able to rebuild its fleet of new cars due to well-established relationships with manufacturing partners. Avis’s CEO has indicated he expects conditions related to fleet supply to remain based on manufacturing capacity in 2022, and that new fleet supply will likely remain constricted through model year 2022.
COVID|Labor|New Activity|ESG|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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