Hertz Car Sales
| Company type | Division |
|---|---|
| Industry | Used automobile sales, Auto dealerships |
| Founded | 1977 |
| Headquarters | Estero , United States |
Area served | North America, Europe (France, Germany, Italy, Spain, United Kingdom) |
Key people | Mark Fields (CEO), Paul Stone (President and COO) |
| Owner | Hertz Global Holdings Inc. |
Overview
Hertz Car Sales operates as a branch of The Hertz Corporation, specializing in the sale of vehicles that were formerly part of Hertz's rental fleet. The division is headquartered alongside The Hertz Corporation in Estero, Florida. Its primary market presence is in North America, featuring more than 68 dealership locations across the United States. Additionally, Hertz Car Sales maintains outlets in several European countries, including France, Germany, Italy, Spain, and the United Kingdom.
Corporate Information
Hertz Car Sales functions under the ownership of Hertz Global Holdings Inc. and is publicly traded on the New York Stock Exchange under the ticker symbol HTZ. The company was established in 1977 and focuses on the used automobile and dealership industry. Leadership includes CEO Mark Fields and President and COO Paul Stone, overseeing operations primarily across North America and select Western European markets.
Locations and Operations
The largest concentration of Hertz Car Sales dealerships is found within the United States, supporting a robust network for customers seeking pre-owned vehicles from the Hertz rental fleet. European operations extend through multiple countries with dedicated divisions such as Hertz Car Sales UK, providing localized service and sales options to regional customers.
History
In November 2014, Tyler Best was named to the position of chief information officer, while Thomas Sabatino assumed the role of chief administrative officer. On January 2, 2017, Kathryn V. Marinello was appointed President and CEO of The Hertz Corporation, encompassing Hertz Car Sales. As of May 18, 2020, Paul Stone holds the CEO position at The Hertz Corporation. Subsequently, on October 5, 2021, Mark Fields took on the role of interim CEO, with Paul Stone transitioning to president and chief operations officer.
Locations
Hertz Car Sales operates internationally in select markets and through authorized licensees.
North American presence:
- There are 68 Hertz Car Sales retail outlets throughout the United States.
- The Hertz Dealer Direct service is accessible across both the United States and Canada.
Fleet
Template:Section citations needed Hertz Car Sales employs multiple channels to distribute its fleet vehicles to both commercial clients and individual buyers. The primary avenues include:
- Hertz Dealer Direct – A business-to-business platform created by Hertz that enables direct sales and support services to automotive dealerships via an online portal and dedicated Hertz personnel.
- Hertz Rent2Buy Program – An online service that permits consumers to reserve active rental cars for up to three days at a reduced rental fee for test driving purposes; if the vehicle is purchased afterward, rental charges are waived.
- Hertz Car Sales Locations – Physical retail sites operated by Hertz offering certified off-rental vehicles available for purchase.
References
External links
Template:The Hertz Corporation Template:Renters Template:Carlyle Group
- The Carlyle Group companies
- American companies established in 1977
- Retail companies established in 1977
- Auto dealerships of the United States
- Companies based in Oklahoma City
- Companies based in Bergen County, New Jersey
- Park Ridge, New Jersey
- Private equity portfolio companies
- Companies based in Chicago
- 1977 establishments in New Jersey
- Companies that filed for Chapter 11 bankruptcy in 2020