Rental car firm Hertz (HTZ) struck a deal with Amazon Autos (AMZN) on Wednesday to sell some of its used car inventory. The company said this will make it easier for customers to purchase cars from its fleet.
Starting today, customers can search Amazon Autos to browse, finance, and purchase from thousands of used Hertz fleet vehicles from brands like Ford, Toyota, Chevrolet, Nissan, and others. Hertz Car Sales, the rental car firm’s used car sales arm, will be the first fleet dealer on Amazon Autos.
Hertz stock jumped 9% in premarket trade.
“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,” Hertz Car Sales executive vice president Jeff Adams said in a statement. “Amazon Autos is the ideal partner to help us deliver on this as customers can shop our expansive inventory of high-quality used cars on the same trusted marketplace where millions shop every day.”
Hertz said sales will begin in the Dallas, Houston, Los Angeles, and Seattle metro areas, with plans to expand to Hertz Car Sales’ 45 locations nationwide. After customers complete their purchase online, they can pick up the vehicles at Hertz locations in those cities.
“This collaboration allows us to offer an expanded selection of well-maintained vehicles from more dealerships across the country, while maintaining the simplicity that customers expect from Amazon,” Global Head of Amazon Autos Fan Jin said in a statement.
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Hertz will offer a 115-point inspection process and a 12-month/12,000-mile powertrain warranty. Hertz is also adding a seven-day/250-mile buyback guarantee and 24-hour roadside assistance.
Amazon’s addition of Hertz vehicles is another big move for its auto sales business. Late in 2024, Amazon struck a deal with Hyundai (005380.KS) to sell new vehicles in cities such as New York, Los Angeles, and Chicago, among others. Amazon users can buy and finance vehicles from local participating dealers directly on Amazon’s website or app.
As for Hertz, the company is coming off something of a PR hit after its newly implemented AI scanning tool for returned vehicles dinged renters with high fees, sometimes thousands of dollars, for damage that renters claim they did not incur.
Pras Subramanian is the lead auto reporter for Yahoo Finance. You can follow him on X and on Instagram.
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