Similarities
Subsidiaries
On the other hand, to further its mission and to spread its influence on the car rental and leasing business, Hertz global Inc, through Hertz Corporation, has acquired several other businesses. The acquired businesses include Dollar Thrifty Automotive Group 2012, a rental company with over 840 locations in the United States and Canada, and over 1,500 franchise locations in more than 70 countries. In addition, Hertz Inc. has since acquired Donlen Corporation, which provides innovative fleet leasing and management solutions for corporate fleets across the United States.
Hertz rental brands
The Hertz rental car fleet consists of a range of vehicle manufacturers such as Toyota, Mazda, Volvo, Jaguar, Porsche, Mercedes, Infiniti, BYD, Cadillac, Land Rover, BMW, Jeep, and Lincoln, among brands. The company’s total fleet as of 2020 is at around 424,000, a drop from 534,000 in 2019 due to travel restrictions amid the coronavirus pandemic more so, the pandemic’s impact on airports in the United States
Hertz Rental fleet
The above brands of vehicles rented by Hertz Inc can be further classified into major categories that may include the following
The Green Collection: This category features an environmentally friendly fleet such as the Toyota Pries, Ford Fusion, Buick, LaCrosse, Hyundai Sonata, and Toyota Camry. Hertz inc launched this fleet in September 2006, Heavy equipment rentals: A category features heavy equipment fleets such as graders, Excavators, Backhoes, Pipelayers, scrappers, Compactors, Track loaders, underground, hydromantic, and mining, among other categories for construction and industrial needs. The Hertz incorporation launched this division in 1965. Specialty cars: this fleet consists of special cars such as sports cars, convertibles, and others that may fit the category. The category was introduced by Hertz in 2016 and features cars such as Chevrolet Corvette, modified Shelby Ford Mustang GT, and Jaguar XK-Es
What other services do Hertz provide?
Hertz has an added array of services: Hertz calm management, Hertz lease, Hertz Entertainment services, and Hertz 24/7. These added services are extensions to the main service and help to facilitate it
How was Hertz affected by the COVID-19 pandemic?
The restriction on movements reduced the company’s fleet from 534,000 in 2019 to 424,000 in 2020, losing major revenue and almost becoming bankrupt.
