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NewsSeptember 23, 2009

Enterprise Holdings Announces Cash Debt Tender Offer

Enterprise Holdings Inc. announced that its indirect, wholly owned subsidiary, ARG Funding Corp., has commenced a tender offer to purchase for cash any and all of its specified rental car asset backed notes.

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NewsSeptember 23, 2009

YVRA Car Rental Agents Fear Business Will be Impacted by Tax Increase

Car rental operators at the Yampa Valley Regional Airport believe the proposed car rental tax increase, the highest car rental tax in all of Colorado, could cause them to lose business to neighboring cities.

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NewsSeptember 23, 2009

Tulsa Airport Rental Customers Suffer Lack of Cars

Indicative of a national trend to tighter rental fleets, Tulsa International Airport's rental car companies are often sold out during the week.

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NewsSeptember 23, 2009

Travel Agents Encouraged to Sell More Car Rental

American Society of Travel Agents (ASTA) estimates its agents' share of car rental sales is 25 percent of total sales. Chris Russo, ASTA president, thinks that total should be higher.

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NewsSeptember 23, 2009

Hecker Faces Federal Grand Jury

The former Advantage Rent a Car owner's June bankruptcy filing is now only the least of his worries.

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NewsSeptember 23, 2009

Hertz Completes $2.14 Billion Fleet Debt Refinancing

The company has now completed, one year ahead of schedule, transactions affecting a majority of its U.S. fleet debt scheduled to be refinanced by the end of 2010.

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NewsSeptember 16, 2009

DTAG Provides Update on Location Closure Plans

In addition to the 115 corporate-owned locations of the Dollar Rent A Car and Thrifty Car Rental brands that were closed in 2008, the company plans to close 10 additional locations during the remainder of 2009.

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NewsSeptember 16, 2009

DTAG Refranchises Airport Operations in Oklahoma City

The sale of the Dollar Rent A Car franchise in Oklahoma City marks the 11th conversion of a corporate store to a franchised operation in 2009 as part of Dollar Thrifty's ongoing strategy of refranchising smaller airport markets.

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NewsSeptember 16, 2009

Did “Cash for Clunkers” Fulfill Its Objectives?

Bob Barton, president of the American Car Rental Association, provides a post-mortem analysis on “Cash for Clunkers” on the Auto Focus blog.

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NewsSeptember 16, 2009

Kontos: August Wholesale Prices Up Year-Over-Year

According to ADESA Analytical Services' monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in August averaged $9,949 -- a 0.7 percent decrease from July but a 3.9 percent increase from August 2008.

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