Let this be a wake up call. For all that think we will turn the switch back on and we will be back to normal. Hertz finances over one half million autos. No matter what the restructure plan some of those cars are going to be for sale creating larger supply than demand. No matter what the restructure plan not all employees will have a job. The higher supply will create less demand for new cars and the new car manufacturers will have to cut back production. More people not back to work. Certainly Hertz isn't the only auto rental company in this situation. This is going to happen in many industries. Just like oil there are boats off the coast of California cruising with autos that can't be unloaded due to storage lots are full. Wait to you see what happens to real estate 2021 - 2022.
Last edited by rustyp; 05-25-2020 at 05:13 AM.
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