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NewsSeptember 30, 2009

Avis Budget Group Announces Offering of $450 Million Term Asset-Backed Notes

The notes will bear interest at 5.68 percent per annum and are expected to be rated AAA by Moody's Investors Service upon issuance.

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NewsSeptember 30, 2009

Alamo Offers Great Savings for Travelers in Latin America and the Caribbean

Alamo Rent A Car is offering discounted rates, free rental days, and class upgrades for travel to Latin American destinations.

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NewsSeptember 30, 2009

Enterprise Increases Tender Offer

Enterprise Holdings Inc., announced that its indirect, wholly owned subsidiary, ARG Funding Corp. has increased the consideration offered for certain tranches of its fixed rate rental car asset backed notes in connection with its previously announced tender offer.

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NewsSeptember 30, 2009

Europcar & Accor Launch Customized Car Rental Reservation Service

When an Accor customer confirms a hotel reservation on www.accorhotels.com, a pre-selection of three vehicles available for rental from Europcar is proposed.

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NewsSeptember 30, 2009

FSNA Announces Listing Agreement for the U-Save Brand on Priceline

Additionally, the company announces new franchise locations.

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NewsSeptember 30, 2009

Hertz Sues Research Firm for Defamation

Hertz has filed a lawsuit alleging that a company defamed it in a report that named Hertz among 20 large companies “most likely to declare bankruptcy” within a year.

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NewsSeptember 30, 2009

Carfax to Offer Customers Integrated Access at Manheim.com

Through the new service, Manheim customers will be able to view Carfax's Auction Quick Check and Vehicle History Reports via Manheim.com.

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NewsSeptember 30, 2009

United's Mileage Plus: Members Can Use Miles for Car Rentals

In addition to booking a flight, United's Mileage Plus members can use their miles to book car rentals in the United States and Canada and hotels worldwide.

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NewsSeptember 30, 2009

Hertz Bankruptcy! Have I Got Your Attention?

Hertz is suing a research firm that lists it as one 20 companies with the highest probability of declaring bankruptcy. In his Auto Focus blog, Chris Brown looks at the company behind the bankruptcy claim, its methodology and how is the market reacting.

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NewsSeptember 23, 2009

Galves Market Conditions Reports Strong September

“I am yet to find anyone who remembers a time when the market has retained such strength over the summer and into the fall,” says Dan Galves regarding current wholesale market conditions.

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