Hertz Is Off-Loading An Extra 10,000 EVs Due To Massive Depreciation
Carscoops
MAY 2, 2024
In 2021, the car rental giant emerged from a brief bankruptcy and reached a deal with Tesla to purchase 100,000 vehicles for its fleet. However, aggressive price cuts initiated by Tesla throughout 2023 destabilized the used market, resulting in huge depreciation of its used vehicles.
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