Why the Stadiums Have Full Parking Lots

Rental car companies are parking their cars there.

Given the “precipitous drop in air travel” over the last few months, rental car companies at Philadelphia International Airport found themselves with more cars on their hands than their airport lots could handle, Calter said.

“In an effort to address this, rental cars are being stored at off-site locations, including the Wells Fargo Center parking lots," she said.

The same thing is happening in California:

Throughout the U.S., rental car companies have parked hundreds of thousands of unused cars as COVID-19 runs its methodical course, sickening Americans and grinding the economy to a halt. Particularly decimated is the travel industry. People aren’t traveling through airports, so no one is renting cars.

Seen from above, places such as Dodger Stadium and Santa Anita racetrack look as if it’s a big day at the yard, when, in fact, the stands are empty.
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New cars sales are down too, creating a glut of vehicles that Americans suddenly have little desire to purchase as they confront the coronavirus crisis.

That excess has led to choked L.A.-area ports. For example, Toyota Logistics Services at the Port of Long Beach is normally a beehive of activity as new cars are off-loaded from ships, parked and prepped at the yard, and sent off quickly to dealerships throughout the Southland. Now, Toyota Motor Corp. has leased additional storage space at a sports venue in California.

If Hertz truly tanks, there may be a huge glut of used cars on the market.