The coronavirus pandemic has hammered the auto industry and businesses like Avis and Hertz, even pushing the latter closer to a potential bankruptcy filing.
Hertz said it won’t be shopping for cars any time soon. That means automakers, which are dealing with reduced demand for new car sales will also feel the pinch of fewer fleet sales for rental cars.
Rental fleet sales are considered less important than retail sales, but are still a substantial market for automakers. In 2019, seven automakers represented the bulk of vehicles purchased by rental car companies – Fiat Chrysler Automobiles, Nissan, GM, Ford, Toyota, Hyundai and Kia, respectively.
Read the article at USA Today.