General Motors has entered an agreement with Hertz Corp. to funnel more loaner vehicles to dealerships amid the global microchip shortage.
The agreement enhances GM’s Dealer Courtesy Transportation Program. Hertz has agreed to provide loaner vehicles to dealers at the automaker's current rate, a GM spokesperson told Automotive News. Hertz will primarily supply loaners to Chevrolet Bolt customers during a massive recall.
General Motors recently expanded its recall for Chevy Bolt EVs and Chevy Bolt EUVs to all models and model years, including the refreshed 2022 Chevy Bolt EV and all-new Chevy Bolt UV. The automaker issued the recall to address a manufacturing defect discovered in the EV’s battery pack, some of which were produced with a torn anode tab and folded separator, which could lead to a fire. Customers will receive a new battery pack under the recall.
Hertz has locations in all 50 states and Washington, D.C. Rental car companies are also struggling to source inventory amid the chip crisis. Securing direct loaner access and a competitive GM rate through Hertz gives dealers another channel for loaner vehicles.