Hertz to sell used cars
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Shares in rival used car retailers went into reverse gear following the announcement of Hertz’s Amazon partnership.
Hertz is under government investigation for using AI to bill renters without human review, raising concerns over fairness and accountability.
According to The New York Post, “dozens” of Hertz customers have complained about the company’s AI scanners, with many claiming they’re being sent huge bills for minor scuffs and scrapes. On Reddit, the scanners have also gotten a lot of hate.
A number of stocks fell in the morning session after markets continued to decline, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell. The move came as U.S. equity markets recorded a fifth consecutive day of losses for major indexes like the S&P 500,
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The car rental giant is currently selling used EVs in a handful of states through Amazon Autos, and there are some good deals.