Hertz Is Unloading a Ton of Corvette Z06s While Reportedly Trying to Avoid Bankruptcy
If you're willing to deal with an ex-rental finished in bright yellow, you can get an almost-new Z06 for under $60,000.
Rental car giant Hertz is on the brink of bankruptcy, Bloomberg reported earlier in May. It looks like the rental company has already started to unload some of its fleet, as it's just flooded the market with a bunch of cheap Corvette Z06s.
Originally spotted by Jalopnik, this flood of Z06s is the result of Hertz's partnership with Chevy. While the automaker has made many yellow-and-black Corvettes over the years for Hertz, they've usually been base models. But to celebrate its 100th birthday, Hertz commissioned a fleet of Hertz Corvettes based on the Z06 (albeit, inexplicably, without the aggressive front splitter). Those cars were built for 2019 only and are the most extreme Corvettes to ever be rented out by Hertz. Since specialty cars haven't been hit as hard by the decline in used car prices, Hertz probably figured these would still fetch good money.
That being said, they're still priced to go quickly. With a quick AutoTrader search, you can find a couple dozen examples available. All are priced between $58,000 for the higher-mileage examples and $63,000 for the "Hertz Certified" cars. That makes them all pretty cheap for Z06s, though it's still new Corvette Stingray money. Since those are hard to come by these days, though, this might be your best way to get a mean, like-new Corvette for this price.
If Hertz is forced into bankruptcy, several hundred thousand more used cars could pour into the used car market in America. This would be bad news for automakers and used car prices in general. It's unclear if this Z06 fire sale is due to the potential looming bankruptcy.
