Consumers and rental industry analysts say Disney is the biggest buyer of the rental car industry and the one who is likely to see its value decline.
But in an article for the Wall Street Journal on Thursday, Walt Disney World, which owns Disney’s theme parks and resorts, said it’s the biggest seller of cars in the U.S. and it plans to charge an extra $1,000 on rental cars.
The Wall Street J reported that Disney would be the largest buyer of cars at $1.07 billion in 2020.
That would be up from $1 billion in 2019.
It’s a new approach from Walt Disney, which is already looking to sell off some of its parks and properties.
Disney said last year that it’s expected to sell Disney theme parks to a private equity group in 2020, and it will use those proceeds to buy more vehicles.
Disney is also buying back some of the cars in its own fleet to give its guests the best experience.
It may be too soon to tell how many cars will be sold.
Disney has said it plans an initial public offering this year, but it hasn’t made any firm commitments yet.