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Yet Hertz’s misfortune is a dream for used-car buyers looking for a good deal. On the company’s website, potential buyers can find Teslas ranging in price from $21,000 to $36,000, the majority ...
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.
The company will sell off 20,000 electric vehicles and use the money they bring to purchase more gasoline powered vehicles. ... pushed down the resale value of Hertz’s used EV rental cars ...
Hertz Car Sales has developed a variety of ways to sell its fleet to businesses and consumers. The core methods used to facilitate these transactions are: Hertz Dealer Direct – A B2B platform developed by Hertz that allows for sales and services directly to automobile dealerships through an online portal and hertz representatives.
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.
Hertz said last month it would take a $245 million charge from the sale of those cars due to high depreciation costs, in addition to higher costs for repairs for EVs, which dragged on the bottom line.
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