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Remarketingby StaffJune 2, 2010

2013 Gas Prices Will Affect Residual Values of Mid-Compacts and Premium Fullsize SUVs

ALG forecasts gas prices to hit over $4 per gallon in three years, which will positively impact the used auction values of the mid-compact segment, but negatively impact the premium fullsize SUVs segment.

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Rental Operationsby StaffJune 2, 2010

Survey Shows Most Corporate Travel Buyers Don’t Negotiate for GPS, Electronic Toll Technology

Three-quarters of the buyers in the survey said they were not negotiating for GPS or electronic toll paying technology with car rental suppliers, even though their corporate travel programs allow travelers to purchase these add-ons to their car rentals.

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Rental Operationsby StaffJune 2, 2010

Zipcar Files for IPO Worth up to $75 Million

The car-sharing company said it expects to use the net proceeds it receives from the initial public offering to pay down certain indebtedness, and the remaining net proceeds, if any, for general corporate purposes. The number of shares to be offered and the price range for the offering have not been determined.

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Rental Operationsby StaffMay 28, 2010

Dead Python Found in Rental Car

Pennsylvania rental operator finds a partially decomposed 4-foot python left behind in a Toyota Corolla.

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Rental Operationsby StaffMay 27, 2010

Hertz Files Registration Statement as Next Step to Acquire Dollar Thrifty

The car rental company’s registration statement, which was filed with the Securities and Exchange Commission, includes a preliminary prospectus covering shares of Hertz's common stock to be issued to Dollar Thrifty stockholders under the terms of the merger agreement.

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Rental Operationsby StaffMay 26, 2010

OTTI: Overseas Travel, Rental Vehicle Usage Down in 2009

The Office of Travel and Tourism Industries reported a 6 percent decline in overseas visitors to the U.S. in 2009 versus the previous year, with the number of visitors who used rental cars down by 9 percent.

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Rental Operationsby StaffMay 26, 2010

Rental Car Trouble Leads to Airport Bomb Threat

Andrew Purdy, 47, was fined £300 after he pleaded guilty in April to committing a breach of the peace by threatening to bomb the airport. He lost his temper with staff at the Hertz rental company in Picardy Place, Edinburgh, in October 2008.

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Rental Operationsby StaffMay 26, 2010

Airline Surcharges Make Up for Loss in Business Travel Revenue

Passenger demand is increasing, but airlines aren’t adding any capacity. Non-ticket revenue, such as checked-on baggage fees and charging customers for changing their reservations, is helping.

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Rental Operationsby StaffMay 26, 2010

Carry-on Bag Decision Makes Booking Standards a Point of Contention

There is a greater sense of urgency in the search for a method to capture and display ancillary fees, because of the backlash in Washington following last month’s decision by Spirit to charge for carry-on bags.

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Rental Operationsby StaffMay 26, 2010

Alamo, Enterprise, National to Offer Video TollPass Program

The TollPass Automatic service will pay tolls electronically for car rental customers in California, Colorado, Florida and Texas. The optional service, which charges $2 per 24-hour rental period or $6 maximum per rental transaction, will be available starting August 2010.

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