Hertz's Fleet Transformation Boosts Vehicle Depreciation

Hertz's Strategic Transformation Delivers Significant Results overview

Hertz's disciplined fleet management, revenue optimization, and cost control are driving significant improvements, with vehicle depreciation down 45% year-over-year and the company on track to meet its sub-$300 depreciation target in the second quarter.

Important details from the source

• "Our ‘Back-to-Basics Roadmap’ is working," said Gil West, Chief Executive Officer of Hertz.
• "Disciplined fleet management, revenue optimization, and rigorous cost control are driving meaningful results.
• In a dynamic environment shaped by tariffs and economic uncertainty, capitalizing on our fleet as our most dominant economic lever keeps us agile today and positions us to deliver long-term, sustainable value.
• "Just a year ago, we were managing through an aging fleet and pressure on residual values.
• Today, thanks to swift and disciplined action, we’ve rotated into a newer, more efficient fleet that’s resilient, cost-effective, and aligned with a rising residual environment.
• As an asset management business that buys, rents, and sells vehicles, disciplined execution across all three areas is key to unlocking stronger returns and strengthening our financial foundation.".
• ESTERO, Fla., May 12, 2025 /PRNewswire/ — Hertz Global Holdings, Inc.
• (NASDAQ: HTZ) ("Hertz", "Hertz Global" or the "Company") today reported results for its first quarter 2025.
• The fleet rotation is delivering results, with vehicle depreciation down 45% year-over-year, due to the "Buy Right, Hold Right, Sell Right" strategy:
• The Company is targeted to meet sub $300 depreciation per unit ("DPU") faster than expected.

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