Rental fleet collapse drags down U.S. vehicle sales [Yahoo! Finance News]
Hertz Global Holdings, Inc (HTZ)
Last hertz global holdings, inc earnings: 2/24 04:05 pm
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Source: Yahoo! Finance News
By Rachit VatsJune 2 ) - The collapse in demand for new vehicles from U.S. rental car fleets hit automakers hard in May, even as consumer sales were stronger than expected as coronavirus stay-at-home orders began to ease.The collapse of air travel has pushed big car rental companies to cancel orders for new vehicles, punching a hole in sales for nearly a dozen U.S. automakers' including the Big Three in Detroit.Hyundai Motor Co's U.S. sales arm said Tuesday that its sales to fleets, including rental companies, fell by 79% in May, while retail sales grew by 5%.Automakers could lose up to 12% of their annual U.S. vehicle sales in 2020 as car rental companies slammed by the coronavirus pandemic slash fleets and restructure, according to Jefferies.The retreat by rental car companies threatens production and jobs at U.S. factories that build vehicles popular with rental car fleets such as Hertz Global Holdings Inc, which filed for bankruptcy protection late last month.Hertz has said it neg
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- Hertz Global Holdings, Inc. to Announce First Quarter 2024 Financial Results on April 25th [Yahoo! Finance]Yahoo! Finance
- Hertz Global Holdings, Inc. to Announce First Quarter 2024 Financial Results on April 25thPR Newswire
HTZ
Earnings
- 2/6/24 - Miss
HTZ
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- HTZ's page on the SEC website