Car Rental Giants Get Much-Needed Financial Boost From Used Car Pricing

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David Goldman

In this photo from November of 2013, a customer checks in at a Hertz car rental counter at Hartsfield-Jackson Atlanta International Airport. David Goldman

Skift Take: Last year, Hertz and Avis struggled to sell off their old vehicles in a soft market for used cars. They need the money to invest in new cars and their technology stacks. Now that the used car market has recovered, it will be a little easier for them to muddle forward despite intense competition from Uber and Lyft.

— Andrew Sheivachman

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