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.
The credit crisis might continue to cause softening in wholesale values for the rest of the year and into next year.
By freezing the auto dealer's credit lines, Chrysler Financial left Hecker unable to finance the purchase of new vehicles from several manufacturers.
The President of the American Car Rental Association discusses inaccuracies in a recent article, which talks about airport car rental fees.
With more technology available to accommodate their desire for a la carte fees, carriers will likely begin offering a broader menu of “value-added services.”
Avis also offers a free ski rack and special features for its vehicles designed for winter sports; savings for smaller vehicles are available.
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.
The company expects to report a pre-tax loss, however, excluding items, significantly in excess of prior year's fourth-quarter loss.
The company also expects 2008 revenue to be significantly lower than its prior view due to a fall in vehicle rental revenue.
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.
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.
The credit crisis might continue to cause softening in wholesale values for the rest of the year and into next year.
Renters at Sky Harbor Int'l Airport could face a 33 percent increase in fees starting Jan. 1.
Airport representatives, developers, architects, consultants and representatives from the car rental industry meet to discuss issues regarding consolidated rental car facilities, among other topics.
DTG has reduced its workforce by 6 percent, or 400 employees, for an estimated annual savings of $15 million.
New program gives customers points that can be redeemed for free rentals and other services.
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