Reported 4 days ago
U.S. rental car stocks, including Hertz and Avis, experienced significant gains as new auto tariffs are expected to boost demand for used cars and enhance fleet values. Following the announcement of 25% tariffs on fully assembled vehicles, Hertz shares soared the most since its 2021 IPO, while Avis had its best performance since 2022. Analysts predict that rising new vehicle prices will drive consumers towards slightly used cars, thereby increasing their market value.
Source: YAHOO