Hertz temporarily closes car sales locations

Share on facebook
Share on twitter
Share on linkedin

Hertz temporarily closed its car sales locations nationwide as of Thursday, Oct. 22. “As part of our Chapter 11 process, Hertz has been working to right-size our fleet to align with current demand and meet the requirements of our lenders. Hertz has recently met its target to sell approximately 180,000 vehicles, and as a result, is pausing the car sales program including temporarily closing retail locations. Hertz has maintained the licenses for these locations and will evaluate its car sales program as it replenishes its fleet with new vehicles in 2021,” Hertz said in a statement to Gulfshore Business. As Gulfshore Business reported on Oct. 19, Hertz Global Holdings Inc. has secured commitments for debtor-in-possession (DIP) financing totaling $1.65 billion and has filed a motion for approval of the financing by the U.S. Bankruptcy Court for the District of Delaware. The proposed DIP financing will support the company as it moves through the next stage of its Chapter 11 process.  For more information, click here.


You May Also Like

Post-high school education on the rise

Little by little, Southwest Florida’s workforce is getting more skilled. The FutureMakers Coalition is an initiative by local leaders to raise the overall education level...

The Economy, the Pandemic and FGCU

The last 18 months have been an economic roller coaster for Southwest Florida. One would be hard-pressed to find any economist or soothsayer who predicted...