This is a developing story. Updates will be made as more details become available.
Driving the news: Hertz $HTZ ( ▲ 5.77% ) just inked a deal with Amazon $AMZN ( ▼ 1.84% ) Autos to sell its used fleet vehicles online, starting in four major metros with plans to roll out nationwide across all 45 Hertz Car Sales locations.
For context: This marks Amazon's second major auto play after partnering with Hyundai for new car sales, building on its push into the vehicle marketplace.
A press release confirms that customers can now browse, finance, and buy cars just like any Amazon purchase, then swing by Hertz locations in Dallas, Houston, LA, and Seattle for pickup.
From there, Hertz is throwing in a 115-point inspection, 12-month/12,000-mile powertrain warranty, and a seven-day/250-mile buyback guarantee if buyers change their minds.
Why it matters: Hertz just became Amazon's first fleet dealer, potentially opening floodgates for Enterprise and Budget to follow with their own massive inventories.
What they’re saying: “Our goal is to reimagine the car-buying experience and meet customers where they are – whether online or in person – with convenience, confidence and scale,” said Jeff Adams, Executive Vice President of Hertz Car Sales.
For dealers: Now more than ever, it’s time to double down on customer service and financing options that tech platforms can't often replicate.
This is a developing story. Updates will be made as more details become available.
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