Bankrupt Hertz Begins Selling 700,000 Car Fleet

USA Today reports:

Weeks after filing for Chapter 11 bankruptcy protection on May 22, car rental company Hertz is selling vehicles in its fleet at discount prices.

As of Saturday morning, Hertz had thousands of used cars available on its website The volume of cars for sale in an area depends on the location used in the search and vehicles are delivered free up to 75 miles.

Hertz’s current fleet consists of roughly 700,000 rental cars, which have greatly diminished in value due to a sharp drop in used car prices caused by a free fall in auto sales stemming from the pandemic.