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NewsNovember 19, 2008

AAA Predicts First Decline in Thanksgiving Travel Since 2002

About 81 percent of all holiday travelers expect to travel by automobile, a 1.2 percent decrease from the 33.6 million people who drove a year ago.

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NewsNovember 17, 2008

Denny Hecker Sues Chrysler Financial

By freezing the auto dealer's credit lines, Chrysler Financial left Hecker unable to finance the purchase of new vehicles from several manufacturers.

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NewsNovember 14, 2008

ACRA President Responds to Car Rental Fees Article

The President of the American Car Rental Association discusses inaccuracies in a recent article, which talks about airport car rental fees.

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NewsNovember 12, 2008

Average Wholesale Price at 13-Year Low, But Look for Restoration in Confidence

The credit crisis might continue to cause softening in wholesale values for the rest of the year and into next year.

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NewsNovember 12, 2008

J.D. Power: Enterprise Ranks Highest in Rental Car Customer Satisfaction

The J.D. Power and Associates 2008 Rental Car Satisfaction Study reports customer satisfaction having dropped considerably for the second consecutive year. Enterprise ranked highest in the study, followed by Hertz and Alamo.

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NewsNovember 12, 2008

Advantage Rent A Car Offers Discounts and Waives Fees at Surfing Competition

Chosen as the official rental car company for the 26th Annual Vans Triple Crown of Surfing, Advantage offers up to 50 percent in savings compared to competitor rates and will waive its young driver fee and additional driver fee.

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NewsNovember 12, 2008

Avis Budget Posts Lower-Than-Expected Q3 Profit

The company also expects 2008 revenue to be significantly lower than its prior view due to a fall in vehicle rental revenue.

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NewsNovember 12, 2008

Dollar Thrifty Quarterly Profit Beats Market Estimates

The company expects to report a pre-tax loss, however, excluding items, significantly in excess of prior year's fourth-quarter loss.

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NewsNovember 12, 2008

Hertz Fails to Meet its Latest Forecast

With third-quarter net income falling to $17.7 million, the company started programs to reduce employee headcount by about 1,400 and to close 80 net locations.

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NewsNovember 12, 2008

Wall Street Crisis May Cause Phoenix Airport Fees to Rise

Renters at Sky Harbor Int'l Airport could face a 33 percent increase in fees starting Jan. 1.

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