Decontented cars, for the most part. They bought cars with deleted airbags and such.
I also challenge the assertion that they were “doing really well” - I’d noticed that Hertz had been closing locations in DFW for the last couple years, long before COVID-19.
Wake up. Try to justify it all you can, but we are in an economic calamity in this country with unemployment likely to reach 25% if not more. Up to half of all restaurants are not expected to reopen (most estimate 40% to 50%) and millions of small businesses will be gone. Sure, many have just a handful of employees but that translates to millions will not have a job to go back to.
Many people don't understand how businesses operate and have been highly critical that they don't have 6 months of cash in the bank. It's not a household, it's a business and many depend on cash flow for survival. I could go on, but wake up to what is happening around you.
I think JP Morgan estimated it will take 10 years to get the unemployment back down to 3.5%.
Millions aren't paying their mortgage or rent. Businesses aren't paying their leases. I know one person who works for a commercial real estate firm locally and she said they are going out of business because no one is paying their leases in these strip shopping centers and malls. Then the management companies aren't paying their loans to the banks and so forth.