The Smart Money is Betting on Higher Used Car Prices (Apr ’25)

Assured Research released a note following news that Bill Ackman’s Pershing Square had acquired a near-20% state in Hertz predicated on the company’s fleet of cars becoming more valuable in the current tariff environment. We observed that what might be good for Hertz and Mr. Ackman might not be so good for auto insurers…at least in the short run. Rising used car (and parts) prices crimp the margins of auto physical damage insurers. Reach out for more on this topic.