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Drudge Retort: The Other Side of the News
Saturday, December 28, 2024

Apparently Hertz's purging of electric vehicles from its fleet isn't going fast enough for the car rental giant. A Reddit user posted an offer they received from Hertz to buy the 2023 Tesla Model 3 they had been renting for $17,913.

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Hertz found that repairs-- esp. for #Teslas, which averaged 20% more than other #EVs--were cutting into its profit. ✠... Hertz continues EV purge, asks renters if they want to buy instead of return https://arstechnica.com/cars/2024/12/hertz-is-asking-ev-renters-if-they-want-to-buy-their-rentals/

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-- Kurt Shintaku (@kurtsh.bsky.social) December 28, 2024 at 12:57 AM

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More from the article...

... Hertz originally went strong into EVs, announcing a plan to buy 100,000 Model 3s for its fleet by the end of 2021, but 16 months later had acquired only half that amount.

The company found that repair costs -- especially for Teslas, which averaged 20 percent more than other EVs -- were cutting into its profit margins.

Customer demand was also not what Hertz had hoped for; last January, it announced plans to sell off 20,000 EVs.

Asking its customers if they want to purchase their rentals isn't a new strategy for Hertz. "By connecting our rental customers who opt into our emails to our sales channels, we're not only building awareness of the fact that we sell arsenal but also offering a unique opportunity to someone who may be in the market for the same car they have on rent," Hertz communications director Jamie Line told The Verge. ...



#1 | Posted by LampLighter at 2024-12-27 06:33 PM | Reply

Smart business move.

#2 | Posted by BellRinger at 2024-12-28 05:06 PM | Reply

You're a fucking moron.

#3 | Posted by LegallyYourDead at 2024-12-28 11:58 PM | Reply

Hertz was dumb to buy them in the first place. At least they had the sense to reverse this failing course.

#4 | Posted by visitor_ at 2024-12-29 12:06 AM | Reply

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