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First-quarter EV sales this year also fell 15.2% compared to the fourth quarter of 2023. ... The company also warned that its agreement to buy 175,000 electric cars from General ... Yet Hertz’s ...
The company's used car website lists more than 700 EVs on sale including BMW's i3, Chevrolet's Bolt and Tesla's Model 3 and Model Y SUVs. Polestar did not immediately respond to a request for comment.
Hertz Car Sales is a division of The Hertz Corporation that sells vehicles that were previously used in the Hertz car rental fleet. [2] Hertz Car Sales is based out of The Hertz Corporation's headquarters in Estero, Florida . [ 3 ]
Hertz, which has made a big push into electric vehicles in recent years, has decided its time to cut back. The company will sell off 20,000 electric vehicles and use the money they bring to ...
Because of the crisis, used-car values and sales volumes fell right as Hertz lost most of its customers. [47] The bankruptcy filing started a 60-day clock, during which Hertz's secured lenders must wait before they can foreclose on the 400,000 U.S. cars that were financed through such arrangements. [47]
Electric vehicles were already considered expensive and hard to repair. Now their image could take another hit as rental giant Hertz dumps 20,000 of them, including Teslas, for gas-powered cars.
Where Hertz, which has been renting cars since the days of the Model T, was once the world’s largest rental car company, in 2023 its revenue was 22% less than its publicly held rival Avis Budget.
Independent rating: 8/10 Pros: Quick, great tech, strong range, Supercharger network Cons: Ride is a bit firm, quality of early cars is mixed Price: From £12,000 Maximum claimed range: 348 miles ...