The Wall Street Journal reports (subscription required) that "... rental-car companies are struggling to find buyers for their used automobiles -- an important source of revenue -- and secure financing to purchase new ones to replace them."
There's a very easy solution to this. If rental car companies can't find buyers for their current cars or financing to buy new ones, why can't they just use the current fleet for another year? Would anything happen? Of course not. Most rental companies only keep cars for nine months but that number has recently been extended to as long as twelve because of financing woes. What would happen if they kept them for 18 months? Or 24 months? Nothing.
I know: The auto manufacturers could use the boost in sales that comes from rental car orders but if those cars aren't needed -- which they aren't -- taxpayer money should not be used to finance them. Our budget deficit is too big to start using money to spur demand for products that aren't needed.