Hertz selling 182K trucks and SUVS under market value after filing for bankruptcy due to coronavirus pandemic

Hertz selling 182K trucks and SUVS under market value after filing for bankruptcy due to coronavirus pandemic (click2houston.com)

Hertz selling 182K trucks and SUVS under market value after filing for bankruptcy due to coronavirus pandemic

HOUSTON – The coronavirus pandemic has taken a toll on car rental companies, including one that plans to sell a fleet of cars to try and stay afloat amid the economic slowdown.

Car rental company Hertz has begun selling its fleet of cars more than 10% below market value after filing for bankruptcy.

According to CNN Business, the company filed for Chapter 11 bankruptcy due to the sharp decline in air travel caused by the coronavirus pandemic.

A total of 182,000 cars, trucks and SUVs are being sold with a no-haggle price

Read the complete article on click2houston.com

Submitted by mo2 on Fri, 08/14/2020 - 13:19