Hertz Files Chapter 11 Bankruptcy

Wow.. just saw that yesterday. Hertz filed for Chapter 11 bankruptcy about a week back. Chapter 11 is for re-organization protection. I have done a ton of biz travel for 35+ years, and Hertz was always there. So much for being a Gold Club member LOL

Looking back into rates for car rentals in the mid-80's, I can recall $30-40 per day for a mid size. You can still get that kind of rate in the last year if you shopped around, so with inflation, their margins sure have been getting low. They must have been doing well on their car re-sales.

BTW, since the rental car companies are at a standstill now, that puts the kibosh on one more sales outlet for the car manufacturers. So if you have been thinking of a new/newer car, it's time to be looking.