GM to Sell Hertz 175K EVs
“Retail margin” sales could bring carmaker “thousands” of EV customers.
“Retail margin” sales could bring carmaker “thousands” of EV customers.
IMAGE: Getty Images/deepblue4you
General Motors will sell 175,000 electric vehicles to Hertz Global for its rental fleet through 2027, the companies said this this week in what GM said will generate thousands of EV customers for the carmaker.
Hertz will start getting the EVs early next year. The company earlier entered similar EV purchase agreements with Tesla and the Volvo-backed Polestar startup, though the GM purchase is the biggest.
The deal comes as GM and other carmakers ramp up production of EVs. GM has said it will have an all-electric lineup by 2035.
GM said the EV sales will be approximately “retail margin” rather than discounted.
Originally posted on P&A Magazine
More F&I
F&I Sales Give Dealers First-Half Lift
Product business shored up total profits to avoid an overall revenue tanking as product penetrations held steady, StoneEagle reported.
Read More →
Targeted Training Drives Results
Today’s technology, instead of threatening F&I managers, can actually make them better, according to an industry veteran who’s watched market setbacks roil the unprepared.
Read More →
Just Do It
F&I managers need training, but instead of resisting application or expecting perfection, they should improve by simply acting on what they learn.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Leading with Purpose
In this video, Trent White explains how understanding your people’s 'why' is a key leadership responsibility of F&I professionals and how that mindset drives dealership engagement, trust and performance.
Read More →
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →