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Vehicle Rental Activities | 6 Months Ended
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Jun. 30, 2024
Property, Plant and Equipment [Abstract] |
Vehicle Rental Activities | Vehicle Rental Activities The components of vehicles, net within assets under vehicle programs are as follows:
| As of |  | As of
| June 30, |  | December 31,
| 2024 |  | 2023
Rental vehicles | $ | 24,665 |  |  | $ | 23,114 |
Less: Accumulated depreciation | (2,703) |  |  | (2,639) |
| 21,962 |  |  | 20,475 |
Vehicles held for sale | 432 |  |  | 734 |
Vehicles, net investment in lease (a) | 80 |  |  | 31 |
Vehicles, net | $ | 22,474 |  |  | $ | 21,240 |
________ (a) See Note 14 – Related Party Transactions. The components of vehicle depreciation and lease charges, net are summarized below:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Depreciation expense | $ | 655 |  |  | $ | 540 |  |  | $ | 1,217 |  |  | $ | 1,017 |
Lease charges | 39 |  |  | 40 |  |  | 74 |  |  | 78 |
(Gain) loss on sale of vehicles, net | 39 |  |  | (205) |  |  | 78 |  |  | (455) |
Vehicle depreciation and lease charges, net | $ | 733 |  |  | $ | 375 |  |  | $ | 1,369 |  |  | $ | 640 |
At June 30, 2024 and 2023, we had payables related to vehicle purchases included in liabilities under vehicle programs - other of $573 million and $443 million, respectively, and receivables related to vehicle sales included in assets under vehicle programs - receivables from vehicle manufacturers and other of $138 million and $140 million, respectively.

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