Dollar Thrifty Automotive Group Holds Annual Meeting of Stockholders
At Dollar Thrifty's annual meeting, Thomas Capo, Maryann Keller, Edward Lumley, Richard Neu, John Pope and Scott Thompson were elected as directors.
At Dollar Thrifty's annual meeting, Thomas Capo, Maryann Keller, Edward Lumley, Richard Neu, John Pope and Scott Thompson were elected as directors.
Effective Jan. 1, Virgin Holidays customers will be able to be able to retrieve their rental agreements through Alamo's self-service kiosks, eliminating the need to stop at the car rental counter.
According to AAA's Leisure Travel Index, car rental rates will drop lower with consumers paying an average of $43 per day compared to $45 a year ago, a decrease of 3 percent from last year for the Memorial Day holiday weekend.
One would have expected lower wholesale supply and improving retail demand to have resulted in stronger wholesale prices in April. Yet many dealers are limiting their days-supply of used vehicles by keeping fewer units in inventory and turning them quicker.
According to Avis, Penske Service customers will now have access to Avis vehicles at affordable prices, including the convenience of onsite professional service, automatic reservations and roadside assistance.
Analyst says Ryder's commercial rental division “is not yet seeing any signs of life.” First-quarter earnings plunged 88 percent as its fleet-management business experiences slowing commercial rental and used vehicle sales.
Enterprise Commercial Trucks, a division of Enterprise Rent-A-Car will now offer consumer rentals at more than 125 locations throughout the U.S.
Enterprise, National and Alamo charge roughly 65 percent less than what some of the other major car rental brands charge their customers for refueling charges.
Multnomah County's tax on rental cars and moving trucks will move from 12.5 percent to 17 percent.
It's the latest setback for Hecker, who last month lost a $476.9 million judgment from Chrysler and still faces a lawsuit from Hyundai Motor Financial.
Hertz said it's negotiating with two automakers to lease as much as 20 percent of its U.S. fleet.
Domestic leisure pricing increased 4 percent and 9 percent for the Avis and Budget brands respectively, the company reports. Domestic fleet costs are expected to increase several percentage points on a per-unit basis in 2009.
The company's exposure to Chrysler LLC has been reduced. On April 30, 2009, the company had approximately $11 million of trade receivables due from Chrysler, and estimated exposure of $28 million related to residual value guarantees provided by Chrysler.
For no additional cost, Avis where2 renters can now input their flight number or a time range into their GPS unit and receive up-to-date departure and arrival times, provided by MSN Direct.
Under the agreement, Expedia customers will have access to Payless Car Rental's fleet of vehicles.
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