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Rental Cars May Be About To Flood The Used Car Market As Companies Like Hertz Go Bankrupt

Updated: Aug 8


Now that the rental-car giant Hertz has filed for Chapter 11 bankruptcy, the company's next steps aren't clear. But if a whole slew of used rental cars suddenly hits the market, don't immediately shy away from them. Picking up a used rental car isn't always as bad as you'd think.

Car sales have been in terrible shape this year, mostly because of the COVID-19 pandemic. It's a buyer's market for sure, so if you're thinking about picking up something new for yourself, now might be the time to do it. 

Hertz has no intention of buying any more cars for its fleets this year. In fact, Hertz and other suffering rental-car companies are likely to sell off a big chunk of their fleets instead. Industry experts expect the companies to unload 1.5 million cars from their US fleets in the coming weeks and months, according to CNN Business

What does that mean for you, a prospective buyer? It means that you're going to have a lot more used cars to choose from, and probably at more favorable prices. 

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Monster Exports

With so many hand-picked clean and salvage title vehicles in stock, it's no wonder why Monster Exports has grown to be one of the top car export companies in the United States. Since 2012, we've dedicated our efforts to guiding and advising our clients about the best vehicles to purchase for export. We offer a wide range of options, and our professional team is here for your every need. Our prices can't be beaten, and we offer some of the fastest shipping times in the industry.
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