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Yesterday β€” 27 December 2024Main stream

Hertz continues EV purge, asks renters if they want to buy instead of return

27 December 2024 at 08:48

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.

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 costsβ€”especially for Teslas, which averaged 20 percent more than other EVsβ€”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.

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Β© Hertz

Before yesterdayMain stream

The 20 most-read stories of 2024 on Ars Technica

25 December 2024 at 04:00

Hey, look at that! Another year has flown by, and I suspect many people would say "good riddance" to 2024.

The 2020s have been quite the decade so far. No matter what insanity has transpired by a particular December 31, the following year has shown up and promptly said, "Hold my beer."

The biggest news at Ars in 2024 was our first site redesign in nearly a decade. We're proud of Ars 9.0 (we're up to 9.0.3 now), and we have continued to make changes based on your feedback. The best kind of feedback, however, is your clicks. Those clicks power this recap, so read on to learn which stories our readers found especially compelling.

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Β© Aurich Lawson | Getty Images

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