Hertz is selling its cars below market value after bankruptcy announcement
More than 1,700 vehicles are currently listed on Hertz car sales
Mary Claire Patton, Digital Journalist
FILE - In this May 6, 2020, file photo, a Hertz car rental is closed during the coronavirus pandemic in Paramus, N.J. Hertz filed for bankruptcy protection Friday, May 22, 2020, unable to withstand the pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business. (AP Photo/Ted Shaffrey, File) (Ted Shaffrey, Copyright 2020 The Associated Press. All rights reserved.)
Hertz is selling off its fleet of cars after a slump in the rental car business caused the company to file for bankruptcy.
The company, which has been renting cars since 1918, filed for bankruptcy in May, according to CNN.
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ABC13 in Houston crunched some numbers and found that the Hertz fleet is listed at an average discount of 12% or higher.