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Hertz Must Sell Nearly 200,000 Cars by December to Pay Back Creditors
The Drive ^ | 07/27/2020 | Chris Teague

Posted on 07/28/2020 8:29:03 AM PDT by Responsibility2nd

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The flood of used cars on the market will not be sustainable.

I wish I was in need of a car. I would have bought a new car in April at drastic discounts with 0.0% over 84 months.

Now? Now we will have the opportunity to buy a nearly new car at even greater discounts.

It's a buyers market.

1 posted on 07/28/2020 8:29:03 AM PDT by Responsibility2nd
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To: Responsibility2nd

Yes, but you save even more money by not buying a car.


2 posted on 07/28/2020 8:33:02 AM PDT by Fido969 (In!)
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To: Responsibility2nd

Sounds great. Maybe if our old car takes a turn for the worse.


3 posted on 07/28/2020 8:33:25 AM PDT by the OlLine Rebel (Common sense is an uncommon virtue./Federal-run medical care is as good as state-run DMVs.)
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To: Responsibility2nd

I bought my wife a 2018 Toyota Avalon last year from Hertz. We are 100% satisfied with how that worked out.


4 posted on 07/28/2020 8:33:48 AM PDT by Dr. Sivana (There is no salvation in politics)
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To: Responsibility2nd

$1 each ,I’ll take 10 ,LOL


5 posted on 07/28/2020 8:35:15 AM PDT by butlerweave
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To: Responsibility2nd

I flew into Orange County (John Wayne in Southern Cal) yesterday on American. I have never seen it worse (empty, slow) whatever you want to call it. In fact, when our plane arrived, we were the only plane arriving as I far as I could tell. Not a soul at any other gates and this was around 4:00 pm.

I went down to Hertz to get my car, wow....how depressing and sad. Like an empty lot. I’m surprised they even had a car for me. They are mostly one and I don’t mean rented out. Just gone. One person working the desk. Not a single other customer. Newsome has destroyed California. I don’t see how they ever recover.


6 posted on 07/28/2020 8:35:16 AM PDT by vespa300
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To: Responsibility2nd

Guessing the actual total devastating $$$ number for this entire scamDEMic will be in the, as the squaw would say, ‘buh-zillions’. NOT all small businesses are benefiting from the stimulus bills. Butt, it seems like FONs* are doin’ okay.

FON=Friends Of Nanzi


7 posted on 07/28/2020 8:36:00 AM PDT by rktman ( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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To: Fido969

And any petroleum or natural gas or coal powered automobile will be illegal in a few years anyway. Or the fuel to drive it anywhere will be illegal and unobtainable. That’s the Green New Deal. In the interim, restrictions on interstate travel and closure of destinations, hotels, and campgrounds and Wuhan coronavirus control measures make automobile travel less desirable.


8 posted on 07/28/2020 8:36:35 AM PDT by dufekin (Vote Trump; save lives)
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To: Responsibility2nd

Does it come with a real spare tire or a Hertz donut?


9 posted on 07/28/2020 8:37:18 AM PDT by P.O.E. (Pray for America)
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To: Responsibility2nd

Wow Hertz still exists? Haven’t seen a commercial or building for them in ages. And has half a million cars? Crazy. It’s definitely gonna crash the used car market. But that’s probably good, it’s been inflated since cash for clunkers gutted inventory. When a 3 year old used car is selling for only 3 grand less than the new model the market is wrong.


10 posted on 07/28/2020 8:38:10 AM PDT by discostu (Like a dog being shown a card trick)
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To: Responsibility2nd

Just remember, “Nothing goes over bumps like a rental car.”


11 posted on 07/28/2020 8:39:01 AM PDT by Pearls Before Swine
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To: Dr. Sivana

Ditto, I got a rental 2010 Dodge Avenger that’s been a peach. I figure a rental’s won the “Car Olympics”- constantly cleaned, regular oil changes. And I figure people don’t beat the snot out of them for fear of repair costs.


12 posted on 07/28/2020 8:39:35 AM PDT by PfromHoGro (Orwell was optimistic.)
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To: Dr. Sivana

cant go wrong with Toyota. Had a ‘06 Camry, 14K miles when I bought it. drove it for years, gave it to my daughter. it had 271,000 on it when she traded it in last year. it needed a water pump twice over the 13 years we had it. other than that, only routine maintenance. wife’s Camry is an ‘09, bought new. still have it, just turn 245,000 miles. needed an upper motor mount a few years ago for about $150,other than that,only routine maintenance.


13 posted on 07/28/2020 8:39:48 AM PDT by wny
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To: discostu

Carl Icahn levered them up to the gills and wasn’t prepared for a downturn. Lenders will lose.


14 posted on 07/28/2020 8:40:21 AM PDT by babble-on
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To: Responsibility2nd

pfl


15 posted on 07/28/2020 8:41:03 AM PDT by Batman11 ( The USA is not an ATM!)
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To: Dr. Sivana

Where can you buy them at?


16 posted on 07/28/2020 8:44:09 AM PDT by KC_Conspirator
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To: P.O.E.
Does it come with a real spare tire or a Hertz donut?

Most cars, wherever you get them, come with a donut. Some even just come with a can of Fix-A-Flat. That is as much about getting a miniscule drop in weight to meet mileage for CAFE as anything. If the car is a good deal, spend $200 for a spare tire and wheel, and you are all set.
17 posted on 07/28/2020 8:45:28 AM PDT by Dr. Sivana (There is no salvation in politics)
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To: Responsibility2nd

I went to their website, and they’re going to need better prices to move the stock they have. If you’re in the market for a used car, waiting will get probably bring a better deal


18 posted on 07/28/2020 8:46:30 AM PDT by glorgau
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To: KC_Conspirator
Where can you buy them at?

https://www.hertzcarsales.com/
19 posted on 07/28/2020 8:46:41 AM PDT by Dr. Sivana (There is no salvation in politics)
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To: vespa300

I noticed that when I picked up my daughter, there, last month. Parked in a near empty lot, just before the plane was scheduled to land, according to Flight Aware. Usually plenty of time to meet her at the escalator by the baggage claim. She was already at the terminal exit, when I crossed the street.

That was a day before all of the bruhaha broke out about a 50 year old statement. Now I am sorry I didn’t go in and pay tribute to The Duke statue . . .


20 posted on 07/28/2020 8:52:00 AM PDT by jttpwalsh
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