The recession hits car rental companies.

I found this article to be very interesting. Avis Budget Group cut 7% of its workforce, Hertz net income fell 94% in nine months, Advantage Rent a car filed for bankruptcy, and Dollar Thrifty is soon to file for bankruptcy. In a world where many people travel, rental cars can be at high demand. For travelers and businessmen, they will often rent a car after their flight to get them from point A to point B.  Rental companies are now keeping cars longer instead of purchasing a new one when it reaches a certain mileage. With heavy use on the rental cars over a short period of time means the rental cars are more likely to have road damage or face maintenance issues. It will be very interesting to see if travelers and rental companies face issues with their cars’ in the future.

http://www.economist.com/blogs/gulliver/2009/01/the_recession_hits_car_rental_companies?zid=292&ah=165a5788fdb0726c01b1374d8e1ea285

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