When it comes to the stock market, an article by The Motley Fool claims car rental stocks should be avoided, as it is “an industry about to be turned on its head” for two main reasons.
First, according to the article, business-expensing firm Certify reported that compared to 2014, in the first quarter of 2015 car rental decreased from 39% percent to 36% of expensed travel; meanwhile, Uber soared from 9% to 29%.
Secondly, the article said used vehicles are expected to be worth 10% less when the influx of new-car sales that occurred in 2014 and first part of 2015 begin to enter the used-car market.
Read the full article by clicking on the URL: http://www.fool.com/investing/general/2015/05/03/cheap-car-rental-stocks-are-a-bad-idea.aspx
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