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Vehicle Remarketing's Top 10 Stories of 2017

Given the scope of Hurricanes Harvey and Irma, news about the natural disaster and the effect that it had on the used car market held several top spots on the list of top articles of the year.

Hertz Q3 Revenue Rises Slightly

For the third quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.6 billion, a 1% increase year-over-year. CEO Kathryn Marinello is encouraged by Hertz’s process but admits the company still has a lot of work ahead.

Hertz Reports Net Loss of $158M

For the second quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.2 billion, a 2% decline versus second quarter 2016. Hertz reported a net loss of $158 million, including $54 million of impairment charges.

Hertz Favors Second Key Initiative

Mark Cangialosi, director, fleet procurement for The Hertz Corporation, is a new member of IARA, and he sits on the association's board of directors. But IARA is not new to Hertz. Cangialosi worked with IARA on Hertz's Second Key initiative.

Hertz Reports Net Loss of $223M

For the first quarter 2017, Hertz Global Holdings Inc. reported declines in revenue and earnings. Hertz’s total revenues were $1.9 billion, a 3% decline year-over-year, while adjusted earnings were negative $110 million — compared to positive $27 million in Q1 2016.

Hertz to Announce Q1 Earnings

Hertz Global Holdings Inc. will host a live webcast discussion of its 2017 first quarter financial results on May 9.

Hertz Posts $474M Net Loss for 2016

For full-year 2016, Hertz Global Holdings Inc. has reported total revenue of $8.8 billion, a decrease of 2% from $9 billion for 2015. In 2016, Hertz’s net loss was $474 million compared to $115 million in 2015.