1113 ET - With tariffs set to hike new car prices and increase demand for used cars, Bank of America analysts expect used car prices to rise, too. Such a development would raise the value of vehicles in the asset-backed securities market and reduce depreciation per unit, benefiting rental car companies like Avis and Hertz, the analysts say in a research note. They say higher proceeds from vehicle sales would also especially benefit Hertz given its tighter liquidity. However, higher new vehicle prices could offset such positives in the longer term, though the companies could opt to hold onto vehicles longer, the analysts say.(kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 11, 2025 11:13 ET (15:13 GMT)
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