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NewsOctober 22, 2008

Wholesale Used-Vehicle Prices Flat, but SUV and Pickup Prices on the Rise

The used-vehicle market is feeling the impact of double-digit year-over-year declines in retail sales resulting from a lack of traffic and diminished credit availability.

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NewsOctober 22, 2008

Sea-Tac Dips into Reserves to Pay for CFC

Frozen bond markets force the Port of Seattle Commission to vote to use up to $20 million from Sea-Tac Airport's cash reserves to ensure that construction of the $382 million rental car facility continues.

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NewsOctober 22, 2008

Retirement of Dollar Thrifty CEO Prompts Speculation of Sale to Hertz

Michael Millman of Soleil Securities says the move might allow the company to act on strategic alternatives more quickly. The analyst expects Hertz to acquire the company.

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NewsOctober 14, 2008

Paxton Retires, Dollar Thrifty Names Scott Thompson as President and CEO

In other appointments, R. Scott Anderson, senior executive vice president, will now be responsible for all corporate store operations, global sales and marketing efforts and franchise operations.

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NewsOctober 14, 2008

Black Book Describes Wholesale Market as ‘Tough'

Luxury, highline cars are among the vehicles with the largest adjustments.

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NewsOctober 13, 2008

Larry Soleta Named Executive of FleetSources

As vice president and general manager, Soleta will oversee all sales, marketing and administrative activities of the organization.

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NewsOctober 13, 2008

Soleil Securities Maintains Buy on Hertz, Avis Budget

For Hertz, the price target was lowered from $12 to $11. Soleil lowered Avis Budget's price target from $10 to $9.

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NewsOctober 13, 2008

Ottawa Man Charged in Theft of 11 Rental Cars

He allegedly used his own driver's license, from the West African country Togo, to obtain an Ontario G1 license and then a credit card.

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NewsOctober 13, 2008

Giants Star Dodges Damage Fees for Rental Car

New York Giants star Plaxico Burress falsely named an insurance company and cannot be reached to pay for damages.

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NewsOctober 13, 2008

OAG 4th Quarter Analysis Shows Global Declines of Airline Activity

Economic problems impact the airlines, as US domestic flights are set to fall by 11 percent, a 46 percent of the global decline.

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