Need a car? Hertz must sell more than 182,000 vehicles by the end of 2020 Hundreds of vehicles are currently listed on Hertz car sales website This May 23, 2020, photo shows rental vehicles parked outside a closed Hertz car rental office in south Denver. Hertz said Wednesday, June 17, it has put its plans to sell $500 million worth of stock on hold because the offering is being reviewed by the Securities and Exchange Commission. (AP Photo/David Zalubowski) (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 in May.
The company must sell 182,521 vehicles between June 1 and Dec. 31, 2020, according to a
United States Securities and Exchange Commission filing. ABC13 in Houston crunched some numbers earlier this summer and found that the Hertz fleet is listed at an average discount of 12% or more. Looking for a new or used car? Here’s why now might be a good time to buy or lease.
The no-haggle prices are listed on the company’s
Hertz has been renting cars since 1918.
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