Need a car? Hertz must sell more than 182,000 vehicles by the end of 2020
(Copyright 2020 The Associated Press. 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?
Hertz is selling its cars below market value after bankruptcy announcement
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. ABC13 in Houston crunched some numbers and found that the Hertz fleet is listed at an average discount of 12% or higher. Looking for a new or used car? More than 1,700 vehicles are currently listed on Hertz car sales.