Thread regarding Hertz layoffs

Used Car Market to Tank

Think about it. It looks like we have started with the repo process, some sales too. We have half million cars on our lots, if we go under all of that will flood the market and the used car sales market will drop like a stone.

Also, it's not just Hertz - many of our competitors are on the brink of bankruptcy - so, if they go under, you are looking at millions of cars flooding the used car market.

The times are weird...

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The logic checks out

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