Hertz misses estimates on EV fleet rethink, plans cost cuts
Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of ...
Tag: Hertz
Hertz to sell 20,000 EVs in shift back to gas-powered Cars
Hertz Global Holdings Inc. plans to sell a third of its US electric vehicle fleet and reinvest in gas-powered cars ...
Hertz, Lucid and others make appointments and other staff moves…
Keppy appointed EVP, COO at Hertz Car rental company Hertz named Justin Keppy executive vice president and chief operating officer ...
Lease buyouts pose new-vehicle sales growth opportunity
Lease buyouts pose an opportunity for new-vehicle sales down the road as many consumers have not yet returned to purchase ...
Rental companies offload high-mileage units amid tight OEM supply
Rental fleet companies are offloading older, higher-mileage vehicles as they work to meet demand and as manufacturers’ sales of new ...
Carvana’s tale of debt and losses looks a lot like old Hertz
Shares of Carvana Co. more than doubled in the month leading up to Thursday’s awful fourth-quarter earnings report. By the time the ...
Rental car companies return to normal buying, selling cadence
Car rental companies plan to sell fewer vehicles in 2023 as they move back into normal buying and selling patterns ...
Rental companies step up remarketing activity
Car rental companies are increasing their remarketing activities at auction and have pulled back on wholesale purchases even as OEM ...
