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Watch rental car prices go UP UP UP

California
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Watch rental car prices go UP UP UP

bizjournals.com/pacific/…

Hertz Global Holdings Inc. has agreed to buy Dollar Thrifty Automotive Group Inc. for $2.3 billion, bringing three of Hawaii's biggest rental car brands under one company.

The Associated Press reports that Mark P. Frissora, chairman and CEO of Park Ridge, N.J.-based Hertz (NYSE: HTZ) said that the purchase will give Hertz access to the Dollar and Thrifty rental car brands, as well as make it more competitive in Europe and other markets overseas.

The AP reports that Scott Thompson, president, chairman and CEO of Dollar Thrifty (NYSE: DTG) also said the transaction would help the "value-focused leisure brands" expand their reach in car rental markets around the world.

The AP reports that Hertz will also sell its Advantage business to rental car company Franchise Services of North America and Macquarie Capital for undisclosed terms.

East Coast
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1. Re: Watch rental car prices go UP UP UP

So we have 1. Hertz-Thrifty- Dollar 2. Alamo-National-Enterprise, 3. Budget-Avis.

Can't be good to have so few.

New York City, New...
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2. Re: Watch rental car prices go UP UP UP

How wise your prediction is ! Such concentration of ownership cannot possibly benefit the traveler who will be a victim of this lesser competition. Surely it will not be a plus for their current employees as well.... I am old enough to remember well the once common policy of allowing travelers to enjoy multi-island reservations that gave the consumer a lower rental rate for the entire length of their stay in Hawaii.

Santa Rosa...
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3. Re: Watch rental car prices go UP UP UP

I also wonder what this will mean for the ever popular Discount Hawaii Car Rental and the rates / terms they're going to be able to negotiate with them. It can't be good.

Hana, Hawaii
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4. Re: Watch rental car prices go UP UP UP

Oh...grumble....Like Dickgoode said I think you're right Jebett. And that's a very interesting question/comment that Napaguy mentioned. Competition is good and lesser choices of rental companies ain't good. :(

Birmingham, Alabama
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5. Re: Watch rental car prices go UP UP UP

Boo. And Hertz (although I love them for business travel) is the most expensive on a regular basis.

San Diego...
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6. Re: Watch rental car prices go UP UP UP

hopefully the Feds will force them to sell off some elements of the biz to prevent too much concentration. This is the reality of how "free" markets actually work. The strong concentrate their position to maximize their profits. The weak (all the rest of us renters) get to pay more unless someone decides to enter into a business with a high cost of entry and a history of some ugly losses when the economy turns down.

Kauai, Hawaii
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7. Re: Watch rental car prices go UP UP UP

jebett's post indicates price is $2.3 billion. To quote a comment I read at another web site:

"The selling price was $100 but adds up to $2.3 billion after all the fees the car rental company added in."

California
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8. Re: Watch rental car prices go UP UP UP

@CT

That is funny!!!!!

9. Re: Watch rental car prices go UP UP UP

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