[dynachrome]

With Hertz's bankruptcy re-organization, a lot of used vehicles will come on the market

[BenLurkin]

First the phony “impeachment” then the shamdemic, and now the riots. The Democrat Party is punishing America for not electing Hillary.

[Paladin2]

Peeps need to learn to buy clunkers with ca$h.

[dynachrome]

“The move comes just as prices of used cars, which has crashed in late March and early April, had staged a modest rebound. However, with the fleet of 500,000 Hertz rental cars hitting the liquidation block after the company’s bankruptcy, and expect to send used-car prices plunging even more in the coming weeks, it’s not difficult to see why Wells is suddenly getting out of Dodge.”

[Zhang Fei]

[With Hertz’s bankruptcy re-organization, a lot of used vehicles will come on the market]

---

If other banks follow, the need for cash to cover loan payments means many of these used car dealerships will be selling cars at discounted prices. The lack of dealer cash to pay for cars at Hertz’s auctions means that Hertz’s creditors will receive less than they expected.

[DoughtyOne]

These riots will finish the job Covid-19 started, if some
dumb ass leaders don’t get with the program.

Have the police actually fired a single shot yet?

Have they deputized the citizenry?

The other side has. How about we learn to play the game.

[Just mythoughts]

Wasn't’t it a Wells Fargo bank in Minneapolis that was robbed and burned? Wonder how many have been looted in dim controlled cities?

[SaxxonWoods]

Faced with the specter of buying what they can afford, most will keep their current rides longer.

[sicsempertyrannisDenver]

I suspect most of those smaller shops are writing a ton of subprime paper, one step up from buy-here pay-here. I’d expect higher than normal delinquency since the bottom half of the job market was tossed out on their asses.