The already-reeling used-vehicle market is hanging in the balance as Hertz Global Holdings Inc.

negotiates with its creditors, a Benchmark Co. analyst said.

The rental-car company has been seeking leniency from lenders and U.S. government support to avoid a bankruptcy filing, CEO Kathryn Marinello said in an interview Wednesday. Hertz has missed lease payments related to the vehicles it rents out and has until May 4 to either make them or convince lenders to waive a potential default.

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Hertz On The Verge Of Collapse And May Take The Used Car Market With It

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