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EV's already depreciate a lot faster than gas cars. A slew of used Teslas have hit the Hertz car sales website after the company announced Thursday it was selling off 20,000 EVs from its fleet ...
The value of used EVs has dropped 33.7% between October 2022 and October 2023, even as the overall used car market dropped only 5.1%, according to data from iSeeCars. Hertz could, however, benefit ...
Yet Hertz’s misfortune is a dream for used-car buyers looking for a good deal. On the company’s website, potential buyers can find Teslas ranging in price from $21,000 to $36,000, the majority ...
The company's used car website has a variety of more than 700 EVs on sale, from BMW's i3 and Chevrolet's Bolt to Tesla's Model 3 and Model Y SUVs. More Information Green
Tesla's stock was down about 3%. Hertz also expects to book an about $245 million charge related to depreciation expenses from the proposed EV sale in the fourth quarter of 2023.
It seemed like a good idea at the time. Now we know better. Hertz, reeling from a bankruptcy and the pandemic, announced plans to buy 100,000 Teslas in late 2021.The splashy move certainly helped ...
All the major players, including Avis, Enterprise, and Hertz, offer car-buying services with vehicles they no longer field at rental offices. Their websites look like any other car inventory ...
The latest example: Hertz having to liquidate some of its Tesla car inventory and take a write-down on the value of the cars following the steep price cuts implemented by Tesla and its CEO Elon ...
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