Hertz has been making an effort to sell off Teslas and other EVs throughout this year, after the company announced in January that it would bemaking a strategic decision to cut its EV fleet by about 20,000 vehicles. Now, according to a spokesperson from the company, its EVs are reaching...
In a recent announcement, Hertz, the rental car giant, revealed its plans to sell approximately 20,000 electric vehicles (EVs) from its fleet. This move sent shockwaves through the automotive industry, particularly because a significant portion of Hertz's EVs are Tesla models. The decision to ...
Hertz has plenty of electric vehicles, especially Teslas, that it's motivated to sell since pulling back on its aggressive EV plans, at what the rental car company calls 'no-haggle' prices. Nationwide, in most major metros, that means an average sales price o...
On the plus side, Hertz has plenty of EVs that it's motivated to sell at what it calls no-haggle prices. "Our EVs can be found nationwide in most major metros and averaging around $25,000," said a Hertz spokesperson in an email. All of the Hertz-certified vehicles are given a 115-...
The company is slimming down the business due to weak demand, with plans to sell 10,000 more EVs, taking its total planned sales to 30,000 this year. Higher repair costs also weighed on the company's overall fleet maintenance expenses. The Estero, Flor...
Hertz has announced that it will sell off roughly 30%, or 20,000 vehicles, of its EV fleet. The move came after it announced a scale-back from its original goal of electrifying 25% of the rental fleet. Hertz's original goal was to acquire 100,000 Tesla and 65,000 from Polesta...
Rental car giant Hertz on Thursday said it will sell about 20,000 electric vehicles from its U.S. fleet. The offloading of those EVs will cut the company’sglobal EV fleetby roughly one-third, Hertz said in a filing with the Securities and Exchange Commission. ...
Hertz is the latest automotive giant to feel the sting of an early investment in EVs not going to plan immediately. For the rental car giant, the biggest issues were low demand from renters and high repair costs from suppliers. That led the company to announce plans to sell 20,000 of its...
Hertz to sell 10,000 more EVs than planned, and stock suffers record plunge Apr. 25, 2024 at 11:09 a.m. ETby Tomi Kilgore EV stocks suffer broad losses, after Hertz boosts EV-sales plan Apr. 25, 2024 at 10:12 a.m. ETby Tomi Kilgore ...
In a CNBC interview, Scherr called the decision to sell a third of the EV fleet a “strategic adjustment” and that the company was “responding to reality.” Advertisement - Scroll to Continue Scherr said the move would prove to be a ‘net positive” for the company and that demand for...