Stocking My Used Car Lot?
Posted by VRCG on 07/07/2011Rental Cars
The average cost of a new car has gone up in the last couple of years and that trend doesn’t look to be decreasing anytime soon, especially with future fuel economy standards. At the same time, lending standards have gotten [...]
USA Today – April 10, 2010 Frequent traveler Gary Bellaire says he received two rental cars from Hertz last year that each had about 50,000 miles on the odometer. “This would have been unheard of just a few years ago,” [...]
Read Rental car industry starts to emerge from the ‘perfect storm’
Travel Weekly PDF
Express News December 2008 Advantage Rent A Car has filed for bankruptcy protection and has laid off about half of the staff at its San Antonio headquarters as part of a larger downsizing brought on by the nation’s ongoing economic [...]
Merger Market December 2008 As the hurricane gripping US auto manufacturers threatens to flatten weaker car rental agencies, New Jersey-based Hertz Global Holdings (NYSE:HTZ) could emerge an acquirer, according to two industry lawyers, an industry banker and an industry analyst. [...]
Read Hertz could target Dollar Thrifty after dust from auto restructuring settles
Advertising Age – November 17, 2008 DETROIT (AdAge.com) — The eight major car-rental brands have been hit by a perfect storm of lower demand, less airport travel, tight credit and a shift by automakers from their traditional stance of buying [...]
Financial Times : August 12, 2008 North America’s car-rental operators are being squeezed from all sides, and the pain is apparent in their financial performance, share prices and credit ratings. Downturns in the airline, hotel, financial services and vehicle manufacturing [...]
Chicago Tribune July 27, 2008 Back in the good old days of getting 12 miles to the gallon without care, a free upgrade at the car-rental counter was great news. With nothing but good fortune on your side, all the [...]
By Ken Bensinger | Los Angeles Times Staff Writer | July 14, 2008 David Sikorski went to a Hertz in Austin, Texas, last month to rent a car for a business trip to Dallas. He’d booked a fuel-efficient mid-size sedan, [...]
Read Car rental companies caught short as demand for smaller vehicles soars
New York Times: June 24, 2008 While a lot of attention has been paid in recent weeks to the fees that struggling airlines are adding to ticket prices, car rental companies have been quietly doing the same thing. Industry analysts [...]
