Last month, Hertz, one of the world's leading car rental companies that could not pay their debts due to the corona virus epidemic. filing for bankruptcy had explained what he was doing. Wanting to pay these debts, Hertz put its vehicles on sale below market value.
One of the biggest reasons why one of the world-famous car rental companies such as Hertz has fallen into such a situation is that the corona virus epidemic has almost ended the tourism sector, so it is shown as a decreasing need for car rental.
Unlike other rental companies, Hertz included its vehicles within its body, without a buyback guarantee. For this reason, Hertz put its vehicles on sale from the Hertz Car Sales website to cover their debts. He said second hand market, a serious decline in the US climbed along with new automobile prices in Turkey. It seems that this will make it harder for Hertz to pay its debts.