Hertz says goodbye to 20,000 EVs

[PMCErnie]

Hertz is selling 20,000 electric vehicles to buy gasoline cars instead.

https://www.cnn.com/2024/01/11/business/hertz-tesla-selling?cid=ios_app

 

[JEBIV]

no surprise there !

 

[EdP]

Hertz is selling 20,000 electric vehicles to buy gasoline cars instead.

https://www.cnn.com/2024/01/11/business/hertz-tesla-selling?cid=ios_app

Looks like two issues that are costly.
1. Depreciation
2. Tesla.

I wonder if this will reverse in another 5 years with a different brand and new technology.

 

[PMCErnie]

Looks like two issues that are costly.
1. Depreciation
2. Tesla.

I wonder if this will reverse in another 5 years with a different brand and new technology.

“Besides costing more to repair when they’re damaged in a crash, Scherr also said, EVs are also getting in more crashes.”

Hertz didn’t just say goodbye, they said good riddance.

 

[EdP]

“Besides costing more to repair when they’re damaged in a crash, Scherr also said, EVs are also getting in more crashes.”

Hertz didn’t just say goodbye, they said good riddance.

That is today. The industry is evolving. Batteries will be cheaper and last longer and that will help with depreciation. Other car makers will have different models that may be easier and cheaper to repair.

I don't know why more crashes, unless it is the acceleration that drivers want to play with.
Look at history. The horseless carriage is just a fad, people will never commercially fly. Sears said that ordering on line is just a passing fad too and continued to build stores.

 

[PMCErnie]

That is today. The industry is evolving. Batteries will be cheaper and last longer and that will help with depreciation. Other car makers will have different models that may be easier and cheaper to repair.

I don't know why more crashes, unless it is the acceleration that drivers want to play with.
Look at history. The horseless carriage is just a fad, people will never commercially fly. Sears said that ordering on line is just a passing fad too and continued to build stores.

I only know what I read in the newspapers.

Hertz wanted out badly so they took strong action. Tell my wife just how easy it will be to charge an EV in 2027 standing in a lonely Walmart lot in East Jebip.

 

[steveinarizona]

I only know what I read in the newspapers.

Hertz wanted out badly so they took strong action. Tell my wife just how easy it will be to charge an EV in 2027 standing in a lonely Walmart lot in East Jebip.

I wouldn't give Hertz credit for anything. A few years ago my BMW dealership ran low on loaners so they did a deal with Hertz and I got a Cadillac sedan (for me, it was just like getting a normal BMW loaner; all the paperwork was between BMW of North Scottsdale and Hertz). After I returned the car I started getting demands from Hertz that they were going to sue me for not returning the car Apparently they did this to a lot of people. Being a retired litigator, my reaction was "bring it on" but they might have scared some customers.

 

[PMCErnie]

I wouldn't give Hertz credit for anything. A few years ago my BMW dealership ran low on loaners so they did a deal with Hertz and I got a Cadillac sedan (for me, it was just like getting a normal BMW loaner; all the paperwork was between BMW of North Scottsdale and Hertz). After I returned the car I started getting demands from Hertz that they were going to sue me for not returning the car Apparently they did this to a lot of people. Being a retired litigator, my reaction was "bring it on" but they might have scared some customers.

So then, why is Hertz dumping EVs? I don’t see how your story relates to current facts as reported.

 

[steveinarizona]

So then, why is Hertz dumping EVs? I don’t see how your story relates to current facts as reported.

I was suggesting that Hertz is so screwed up that one can't draw any conclusions from it regarding EVs and customers. You said Hertz wanted out so badly they took strong action. My post was to suggest that Hertz has no idea of what it is doing.

 

[PMCErnie]

I was suggesting that Hertz is so screwed up that one can't draw any conclusions from it regarding EVs and customers. You said Hertz wanted out so badly they took strong action. My post was to suggest that Hertz has no idea of what it is doing.

Yes, that’s what I thought. I’ll just suggest now that your personal experience likely has no merit in this situation and decision by the Hertz Corp. Your personal problem with Hertz is like blaming Starbucks headquarters for a weak cup of coffee locally.

______________________________

Help support this site so it can continue supporting you!

 

[steveinarizona]

Yes, that’s what I thought. I’ll just suggest now that your personal experience likely has no merit in this situation and decision by the Hertz Corp. Your personal problem with Hertz is like blaming Starbucks headquarters for a weak cup of coffee locally.

Hardly my personal experience:

https://www.npr.org/2022/12/06/1140998674/hertz-false-accusation-stealing-cars-settlement#:~:text=For%20years%2C%20the%20rental%20car,those%20claims%2C%20Hertz%20announced%20Monday.

 

[EdP]

I only know what I read in the newspapers.

Hertz wanted out badly so they took strong action. Tell my wife just how easy it will be to charge an EV in 2027 standing in a lonely Walmart lot in East Jebip.

Why? Does she often get gas in the lonely parking lot now? Maybe she will drive on one of those roads that charges your car while you drive. They are being built in Detroit and Florida and probably more now

https://www.fastcompany.com/90990095/detroits-road-of-the-future-will-charge-your-car-as-you-drive-on-it

 

[GeeVee7T]

Wonder what their plan is after 2035?

 

[PMCErnie]

Why? Does she often get gas in the lonely parking lot now? Maybe she will drive on one of those roads that charges your car while you drive. They are being built in Detroit and Florida and probably more now

https://www.fastcompany.com/90990095/detroits-road-of-the-future-will-charge-your-car-as-you-drive-on-it

When are you planning to buy an EV, Ed?

 

[PMCErnie]

Hardly my personal experience:

https://www.npr.org/2022/12/06/1140998674/hertz-false-accusation-stealing-cars-settlement#:~:text=For%20years%2C%20the%20rental%20car,those%20claims%2C%20Hertz%20announced%20Monday.

A “red herring” diversion from the topic at hand. Maybe stick to the point? Hertz is dumping EV stockpiles for good reasons.

 

[EdP]

When are you planning to buy an EV, Ed?

Next one will be, when the warranty on present runs out in 4 years

 

[PMCErnie]

Next one will be, when the warranty on present runs out in 4 years

That’s pretty far ahead, I think, and long beyond what we senior citizens call the “foreseeable future. Besides, nobody is saying that some form(s) of electric vehicles will not be steadily taking market share away from ICE vehicles. I think the point is that you won’t be buying a pure EV any time soon.

My ICE vehicles have extended warranties too. The ‘12 Genesis warranty expires this August after 10 years. My ‘19 Santa Fe’s warranty runs until 2029 and the ‘22 Tucson’s expires in 2032.

 

[Husky]

Personally, I'm (still) leaning towards the EV6. I was thinking of the upcoming Chevy Equinox EV, but it looks like they've got some issues with their new platform. I plan to replace either my wife's CX-5 or even my G70 in the Spring. My neighbor/friend has taken me on several rides in his wife's GV60(which they love), and it's great, just more $$ than I want to spend, especially with a relatively small cargo volume.

 

[steveinarizona]

Personally, I'm (still) leaning towards the EV6. I was thinking of the upcoming Chevy Equinox EV, but it looks like they've got some issues with their new platform. I plan to replace either my wife's CX-5 or even my G70 in the Spring. My neighbor/friend has taken me on several rides in his wife's GV60(which they love), and it's great, just more $$ than I want to spend, especially with a relatively small cargo volume.

I played golf yesterday with a couple who had rented a Hertz EV in California. They said the problem was that they couldn't find a working not backed up charger so they returned it. They said the Hertz guy said that a lot of renters are returning them for the same reason.

Of course, when renting one doesn't usually have a garage with a charger installed. If I have to do a long distance trip, I plan to rent an ICE vehicle until the charging network improves. In the meantime, my GV60P is never short of juice in 15 months of ownership, only charging it to 80% each night, and driving it like I stole it.

So EVs for a rental fleet don't make a lot of sense. But that doesn't mean that EVs don't make sense. Thinking that the problem for rental fleets applies generally would be the fallacy of mischaracterization.

 

[PMCErnie]

I played golf yesterday with a couple who had rented a Hertz EV in California. They said the problem was that they couldn't find a working not backed up charger so they returned it. They said the Hertz guy said that a lot of renters are returning them for the same reason.

Of course, when renting one doesn't usually have a garage with a charger installed. If I have to do a long distance trip, I plan to rent an ICE vehicle until the charging network improves. In the meantime, my GV60P is never short of juice in 15 months of ownership, only charging it to 80% each night, and driving it like I stole it.

So EVs for a rental fleet don't make a lot of sense. But that doesn't mean that EVs don't make sense. Thinking that the problem for rental fleets applies generally would be the fallacy of mischaracterization.

What doesn’t make sense to me is having to rent an ICE vehicle from Hertz anytime I have to venture out of my bubble, just to compensate for the shortcomings of an EV.