The car rental industry is also getting savvier when it comes to disposing of its aging fleet. In th

A big part of my job as managing editor of StreetAuthority involves talking florida homes virtual tour with our premium newsletter experts to get a sense of what they like in the market, where they think it's headed and how they plan to help their followers profit.
One of my favorite stocks for the next year is the car rental agency  Hertz Global Holdings, Inc. (NYSE:HTZ) . There has been a lot of consolidation in the car rental sector in recent years, giving it more pricing power. Enterprise,  Avis Budget Group Inc. (NASDAQ:CAR) and Hertz Global Holdings, Inc. (NYSE:HTZ) now control roughly 94% of the U.S. rental car market. Their pricing power has grown to the extent that the online travel company Expedia florida homes virtual tour Inc (NASDAQ:EXPE) florida homes virtual tour blamed the sector's consolidation on its poor results. EXPE's revenues from selling discount florida homes virtual tour rental car services have plummeted in the first half of 2013 -- because there are so few rental car discounts to be found.
The car rental industry is also getting savvier when it comes to disposing of its aging fleet. In the past, rental cars that were taken out of service were usually put up for auction or sold directly to used car wholesalers. But car rental companies have started to realize they've been leaving money on the table. The industry has developed a number of new channels designed to sell older vehicles directly to customers -- at a retail price.
Rental car companies have historically florida homes virtual tour been economically sensitive. In challenging economic times, businesses cut back on travel and people cut back on vacations. But the industry is starting to cater to a less economically florida homes virtual tour sensitive consumer. For instance, the new Hertz Global Holdings, Inc. (NYSE:HTZ) On Demand 24/7 service lets customers rent cars by the hour -- for as little florida homes virtual tour as $5 an hour. This is great for city dwellers, college students and single car families who occasionally need a car for necessary -- not discretionary -- trips.
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