07/07/2008 14:33. Car rental companies are all feeling the pain of increased fuel costs, as decreased demand is seeing their cars sitting in lots instead of hitting the road. Dollar Thrifty is feeling even more pain than many of its competitors as this former Chrysler subsidiary is finding that it’s receiving less money when it sells its used vehicles.

The reason for this is that when Chrysler spun off the car rental company that was named Thrifty Automotive Group, it wrote into the deal a long-term contract that committed Thrifty Automotive – now Dollar Thrifty - to buy its cars from Chrysler.

At this time, vehicle sales have a greater impact on a company’s bottom line than vehicle purchases. A majority of firms are attempting to reduce their fleets in order to raise cash and also... // Car Rentals

Total: 4 news articles
First News Article: Forbes, 04/07/2008 07:12