Hertz, bankrupt by pandemic, puts thousands of cars up for sale

Hertz has much of its fleet on the market.
Hertz has much of its fleet on the market. (SAUL LOEB/AFP via Getty Images)

Hertz, which filed for bankruptcy last month, has put up thousands of its cars for sale.
An inventory search on the Florida-based company’s website on Saturday revealed more than 23,000 cars — of various makes, models and prices.
Hertz filed for bankruptcy protection on May 22, a move that was expected as the company battled against the headwinds of a pandemic that smashed the brakes on car rentals.
In a rare move, Hertz — which has seen its stock spike surprisingly after the bankruptcy filing — asked a bankruptcy judge for approval to sell up to $1 billion in high-risk shares.

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