Hertz Car Sales
Used car dealership
From Wikipedia, the free encyclopedia
Hertz Car Sales is a division of The Hertz Corporation that sells vehicles that were previously used in the Hertz car rental fleet.[2] Based out of THC's headquarters in Estero, Florida,[3] its largest operating market is in North America, with over 68 dealer locations in the U.S.,[4] but it also has units in France, Germany, Italy, Spain, and the United Kingdom.[5][6][7][8]
| Hertz Car Sales | |
|---|---|
| |
| Type | Public |
| NYSE: HTZ | |
| Industry | Used car Car dealership |
| Founded | 1977 |
| Headquarters | , |
Area served | North America and parts of Western Europe |
| Key people | Mark Fields (CEO) Paul Stone (President/ COO) [1] |
| Owner | Hertz Global Holdings Inc. |
| Parent | The Hertz Corporation |
| Divisions | Hertz Car Sales UK |
| Website | www |
Background
In 2017, three years after Tyler Best was announced as chief information officer and Thomas Sabatino as chief administrative officer,[9][10] The Hertz Corporation appointed Kathryn V. Marinello as its new CEO and president, including of Hertz Car Sales.[11]
As of May 18, 2020, Paul Stone is the CEO of THC. On, October 5, 2021, Hertz Mark Fields became be the interim CEO and Paul Stone became president and chief operations officer.[1]
Fleet
Hertz Car Sales has developed a variety of ways to sell its fleet to businesses and consumers. The core methods used to facilitate these transactions are:
- Hertz Dealer Direct – A B2B platform developed by Hertz that allows for sales and services directly to automobile dealerships through an online portal and hertz representatives.
- Hertz Rent2Buy Program – An online platform that allows consumers to reserve active rental vehicles for a test drive for up to 3 days at a low rental rate. If a purchase is finalized, fees are waived.
- Hertz Car Sales Locations – Brick and mortar locations opened by Hertz that carry grounded rental vehicles that have been certified by Hertz and are available for purchase.
Locations
Hertz Car Sales operates in select countries worldwide and through Hertz licensees. While Hertz Dealer Direct is available in the US and Canada, Hertz Car Sales maintains 68 rental locations across the United States.[12]