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)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。