Your headwinds
- are the highest average fleet age, ever. pushing 14 years → putting upward pressure on used cars
- record high average new car price, and no longer shortages but a glut of loaded high-end vehicles that were unaffordable when borrowed-money was free. Less lidar and more Sport/Special Edition models, please
Like any business, there are viable models here. I’d encourage anyone to explore the rental data to see what people are renting, for how much, before loading up on the wrong thing for their market. I linked to one of many scrapers below.
The easy arbitrage? I think that’s long gone.