Hertz Car Sales is teaming with eBay to expand its digital retail footprint. The collaboration, announced by the auto rental giant Wednesday (May 6), involves the launch of a dedicated Hertz showroom on eBay’s platform, bringing upwards of 8,000 “Hertz Certified” vehicle listings to the eCommerce seller’s automotive marketplace....
Hertz plans to expand beyond its car rental business and serve “the next era of mobility” with a new affiliated operating company that will provide fleet management solutions for autonomous robotaxi and driver-led rideshare fleets. The new company, Oro Mobility, said in a Thursday (April 30) press release that its first major...
Hertz is turning to Amazon to expand its used cars business. Hertz Car Sales announced in a Wednesday (Aug. 20) news release that it had joined Amazon Autos, letting shoppers search for, finance and buy pre-owned vehicles in a collaboration that combines Hertz’s inventory with the tech giant’s shopping/checkout...
Pershing Square CEO Bill Ackman — who disclosed in a Thursday (April 17) post on X that the firm owns a 19.8% stake Hertz — said in the post that Hertz and Uber would be ideal partners to roll out a fleet of autonomous vehicles (AVs). Calling the idea a “fun...
February 01, 2024
While electric vehicles (EVs) have been celebrated for their potential to revolutionize transportation and accelerate the path toward a greener future, recent moves by original equipment manufacturers (OEMs) to scale down production, divest and cut funding have cast a shadow over this once-optimistic narrative. On Thursday (Feb. 1), Swedish car manufacturer Volvo announced that it […]
May 30, 2022
As Americans begin to travel this summer — perhaps for the first time in two years — they may find that, in some cases, renting a car is a new...
August 10, 2017
Aging fleets, fickle car buyers and, of course, Uber and Lyft are all proving to be a perfect storm for rental stalwarts Hertz and Avis. But then again, if you can’t...
June 24, 2026
Rental car company Hertz announced a proposed offering of $100 million of common stock and $300 million of exchangeable senior first-lien secured payment-in-kind (PIK) notes Wednesday (June 24), while also disclosing that it realized losses on the sale of vehicles in May due to “unexpected softness in the used car market.” In a press release announcing the proposed sale […]
May 06, 2026
Hertz Car Sales is teaming with eBay to expand its digital retail footprint. The collaboration, announced by the auto rental giant Wednesday (May 6), involves the launch of a dedicated Hertz showroom on eBay’s...
May 01, 2026
Hertz plans to expand beyond its car rental business and serve “the next era of mobility” with a new affiliated operating company that will provide fleet management solutions for autonomous robotaxi...
August 20, 2025
Hertz is turning to Amazon to expand its used cars business. Hertz Car Sales announced in a Wednesday (Aug. 20) news release that it had joined Amazon Autos, letting shoppers search for, finance and...