From Top Electric.

Hertz’s Epic Collapse: Shocking Corporate Blunders That CRASHED an Industry! Hertz, once a titan of the car rental industry, has collapsed into a cautionary tale of corporate missteps and market upheaval. Federal investigators are probing allegations that Hertz rented vehicles, including Nissan and Ford models, without addressing critical safety recalls, as reported by the NHTSA. Simultaneously, the company is liquidating thousands of vehicles—Teslas, SUVs, and more—at fire-sale prices, flooding the market with discounted cars. This isn’t a sale; it’s the dismantling of an empire undone by reckless bets and ignored warnings. Hertz’s downfall began with its failure to adapt to ride-sharing disruptions and the 2020 pandemic, which led to a Chapter 11 bankruptcy filing. Emerging in 2021, Hertz made a catastrophic gamble: purchasing 100,000 Teslas to rebrand as a sustainable leader. Lacking infrastructure and misjudging demand, the move backfired, especially after Tesla’s 2024 price cuts cratered the fleet’s value. Now, Hertz is selling off assets—cars, offices, software, even licenses—in a desperate bid to survive. For consumers, these cheap cars are risky, with high mileage, potential battery degradation, and hidden repair costs. Yet, savvy buyers can find deals with diligent research. Beyond Hertz, the crisis signals a broader shift: car ownership is becoming a burden, rentals are collapsing, and new mobility models like subscriptions and car-sharing are rising. The used car market is crashing as automakers and competitors like Avis and Enterprise dump vehicles, destabilizing prices. Hertz’s EV misstep warns the industry: rushing into unready markets is deadly. This is more than one company’s failure—it’s a transportation economy in chaos, reshaping how we drive, work, and live.

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