Hertz acquires one-third of fleet from wholesale market

The rental company is selling its vehicles through Carvana

Hertz Global Holdings is still leaning on the wholesale market to acquire inventory as travel demand remains robust and new-vehicle deliveries stay sporadic. In fact, the company acquires one used car for every two new vehicles, Hertz Chief Executive Stephen Scherr said on the company’s second-quarter earnings call. “If you look at what we buy, […]

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