Hertz filed for Chapter 11, which allows it to keep operating while it devises a plan to pay its creditors and turn around the business. The action includes the company’s U.S. and Canadian subsidiaries, but doesn’t cover Europe, Australia and New Zealand.

Automakers and suppliers are implementing a number of safety checks as they open plant operations amid the pandemic.

Consumers are upside down on trade-ins like never before, Edmunds said. A record percentage of trade-ins in April were worth less than what was owed, the company said in a statement, and the gap was the widest it's ever been.

Dealerships across the United States are establishing protocols to keep their showrooms and vehicles clean for customers as they emerge from the coronavirus shutdown.