Impact on the US used car market
The bankruptcy of Hertz car rental in the United States is still big news, and one of the effects of the bankruptcy of this major car rental company is
"Hertz Rent-A-Car owned about 500,000 vehicles."
So there seems to be a problem with the handling of those vehicles.
After all, the first thing Hertz Rent-A-Car can do to pay off its debt is to sell off these vehicles it owns.
In other words, there is a possibility that the cars owned by Hertz Rent-A-Car may appear in the used car market in the United States at once, and it seems that there is concern that the price of the used car market will change accordingly.
The best story for the buyer.
Hopefully used cars will be cheaper to buy. But on the contrary, sellers are more likely to buy it cheaply.
This issue was taken up a while ago, but Hertz rent-a-car is behind the fact that the reality that "a large number of cars may come out of Hertz" has been taken up in the media again.
"We promised creditors to let go of at least 182,521 vehicles between June 1, 2020 and December 31, 2020."
It turned out that.
It seems that Hearts is a measure to enable creditors to pay a total of 650 million dollars (about 69 billion yen) in cash.
Originally, used cars sold by car rental companies are said to be 5 to 151 TP1T cheaper than the used cars that are usually on the market (depending on the car model).
In this case, it is said that the used cars coming out of Hearts will be about 8% lower than the normal market value on average, which is an average of $ 1,389 compared to buying a normal used car. (Approximately 150,000 yen) It seems that you can buy it cheaply.
According to the results of the same study, the best deals are
- BMW 7 series
- Chevrolet Trax
- Mercedes A class
- Infiniti QX50
- Toyota tundra
It was said that it would be.
The used car market in the United States has been slow to move due to the influence of the coronavirus. I wonder if something will change again when about 200,000 vehicles from Hertz Rent-A-Car flow out at once.
I'm aiming for the Camaro's ZL1 1LE as a second hand (I was still aiming for it!), But I hope it has some positive effect ^^!
Source:Hertz Fire Sale Seems Imminent As Company Gets Go-Ahead To Sell Nearly 200,000 Vehicles
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◆★ Addition ZL1 is finally out ★ Hearts Rent-A-Car Corvette Z06 is on the second-hand market at once
I'm Rika, the author of this article. Ever since Porsche 911 became my favorite car, I've become totally addicted to Porsche, and I can't stop loving Porsche, so I started this blog. My favorite cars are 911 Carrera (991.2), 911 Carrera Cabriolet (992.1), and 911 Carrera T (992.1).
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