Part 2/8:
Hertz continues to innovate in the electric vehicle rental space, now offering customers the opportunity to purchase their rented EVs rather than returning them. This initiative includes multiple models beyond Tesla, such as the Chevy Bolt and Polestar 2. Recent insights reveal that Hertz plans to completely divest its Tesla vehicle inventory by the end of 2025, although many vehicles will continue to circulate in the market through wholesale channels.
Inevitably, this impacts used Tesla pricing, which has seen fluctuations over the year. Recent data suggests that while initial drops in average prices were notable, the steepest declines may be behind us as the market stabilizes.