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
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 →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →