Hertz to sell used Teslas at Fire Sale Prices
- Thread starter demarpaint
- Start date
Hertz got hosed on their EV venture and at least anecdotally, it seems that these ex-rentals are not good bets even at fire sale prices.
We can talk about the stupidity of Hertz management, but had things gone differently they'd look like visionary geniuses.
We can talk about the stupidity of Hertz management, but had things gone differently they'd look like visionary geniuses.
True, but they're judged by what happened in reality unfortunately. Reality is they really screwed up.
I read here about in future reman batteries are going to be affordable. I think not, check out that warranty. Anyone considering a used ev is IMO a special kind of stupid.
https://www.greentecauto.com/hybrid-battery/tesla/model-s/tesla-battery-replacement
Cost of labor to test and/or replace the battery, price does not include any parts or battery.
https://www.evsrepublic.com/services/model-3/hv-battery
Absolutely, it amazes me how incompetent decisions are made at the highest levels of corporate governance right up to the CEO.
The stupidity of corporate management still exists at Hertz today since they still are there after this latest boondoggle
Absolutely unbelievable right after coming out of bankruptcy no less and things were looking up and they come up with another plan to once again damage the company
I used to tell my son just because a person has a degree, be it a doctor, a lawyer, a teacher, etc. doesn't necessarily make them smart... There are smart and stupid people with college degrees. Maybe Hertz has some highly educated stupid people in upper level management.
I don't know what to say about it as it didn't affect my EV in any way that inconvenienced me.
“Maybe” ? LOL
I’m kind of surprised they didn’t move the Teslas to Hertz locations near Tesla collision repair centers. It make sense, as someone with a Tesla is already setup to charge at home.
Hertz doesn’t do nearly the insurance replacement rental volume that Enterprise does, so that’s probably the answer.
Hertz doesn’t do nearly the insurance replacement rental volume that Enterprise does, so that’s probably the answer.
LOL I wrote "maybe" to avoid getting into another heated debate here, or possibly offend someone with more of an education than I have. How about I go for it and say Hertz "has," because that's how I really feel. FTR I've also interacted with some stupid doctors, lawyers, teachers, etc. over the years.
There were some bright ones too.
The story here is not about Hertz. There issues are well documented already
Given that the vast majority of people buy used cars, and supply of late model used cars is low, the fact that they are having trouble off-loading these tells a lot about the car market.
Preferences change, but for now at least it seems demand for EV's in the broad market is extremely low. The industry I presume is paying very close attention.
Given that the vast majority of people buy used cars, and supply of late model used cars is low, the fact that they are having trouble off-loading these tells a lot about the car market.
Preferences change, but for now at least it seems demand for EV's in the broad market is extremely low. The industry I presume is paying very close attention.
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Click bait.
Absolutely agree. I think the first strong indications were where the big guys like GM (and others) cut back their plans for EV production. For once, GM was almost ahead of the 8 ball on this but (besides their screw up cancelling the Bolt until they decided not too) Toyota takes the crown for sure.
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In April 2024, GM announced that it was aiming to produce 200,000–300,000 EVs in 2024, which is about 20 times more than in 2023. This is down from its previous goal of producing up to 400,000 EVs by mid-2024, which it scaled back earlier in the year to maximize profitability.
GM CEO Mary Barra has said that she is confident that scaling up EV production is the right move. GM still plans to end sales of gas-powered vehicles by 2035 and to be carbon-neutral in both its vehicles and manufacturing operations by 2040.
Here's the other side of the coin...
It will be interesting to see how many they actually sell. There has been a lot of talk even from Tesla themselves, that they need cheaper EV's to encourage adoptions. If I can buy a used Tesla for under $25K from Hertz, bank the $4K tax credit, why on earth would anyone want a cheap Chevy anything instead?
Here is one. Maybe I should buy it?
There was a lot of double talk here. It can’t be summed up in these two small paragraphs.
Let’s ignore the words and look at the actions of the company.
They have slashed plans to scale up EV production to what they initially said they were going to.
It makes no difference what they talk about 11 years from now at the present time.
Actions, my dear Watson! That tells the story.
Which may or may not ultimately lead to 2035 but nobody knows what that year holds in reality
So you are saying the guy is lying? That is the answer I expected so no great shocker.