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Automobile Rentals

NEWS
April 29, 1999 | From Associated Press
The state Supreme Court refused Wednesday to interfere with the practice of some car rental companies of refusing to rent to drivers under age 25. The court unanimously denied review of a challenge to the practice by a man who said he was denied a rental by Hertz and offered rentals at extra charge by Budget and Alamo because of his age.
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CALIFORNIA | LOCAL
December 9, 1997
The Los Angeles Board of Airport Commissioners has approved several car rental concession contracts that are expected to generate an additional $4 million for Los Angeles International Airport in 1998, airport officials said. The board awarded nine car rental companies that operate businesses on and off airport property with contracts to serve travelers at LAX for the next five years. Over the last two years, six car rental agencies have had service agreements with LAX.
BUSINESS
February 27, 1999
Hertz to Raise Rates: Hertz Corp., the world's largest car rental company, said Friday that it is raising all its non-contract car rental prices in the United States by $3 a day, effective March 1, a move that may prompt similar increases by rivals. Hertz declined to comment on a reason for the increase.
TRAVEL
December 9, 2001 | ARTHUR FROMMER
Like the rest of the travel industry, the auto rental companies are experiencing a softening in demand for their product. Yet it's still possible to be victimized by ridiculously high rental rates unless you use a few key strategies: * Get a competing quote from the Web. Typing "car rental" into any search engine will bring you to booking engines that can frequently save you significant money.
NEWS
July 3, 2001 | From Times Wire Reports
Connecticut authorities have lodged a complaint seeking to stop Acme Rent-A-Car from charging customers a $150 fee each time they exceed the speed limit--information the rental firm gained by tracking the vehicles with a global positioning system. The practice came to light after a New Haven man rented a minivan in October 2000 and later found the company deducted $150 from his checking account three times, according to the complaint.
TRAVEL
August 21, 2005 | Arthur Frommer, Special to The Times
SUMMER is road-trip season, but with the cost of gasoline soaring higher than the temperatures outside, vacationers can use some help saving money on car rentals. Here are some useful strategies: * Call your credit card company and learn what auto-related insurance is already provided through use of the card. Many people don't realize that their credit cards' automatic benefits might cover them in case of an accident and that it isn't always necessary to choose coverage from the rental company.
BUSINESS
April 24, 1998 | JAMES F. PELTZ, TIMES STAFF WRITER
Car rental companies are lifting prices--and keeping them higher--for the first time in years and, though the price hikes are modest, they're helping to drive the $16-billion industry to sizable profit gains. Consumers enjoyed a decade of little or no price inflation at car rental counters because the companies, many of them then owned by the Big Three auto makers who were determined to maintain market share at any cost, routinely kept prices low.
BUSINESS
February 1, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
Car rental firms like Hertz and Avis are familiar names to travelers, yet the firms' inner workings are largely secret. Most rental agencies are privately owned or divisions of auto makers, so their sales and profits aren't for public consumption, thank you. But Alamo Rent A Car Inc. is giving the public a brief peek inside. The nation's fourth-largest car rental firm by fleet size, Alamo is privately owned but wants to borrow $100 million through a public note sale.
BUSINESS
June 29, 1995 | From Reuters
Hertz Corp. said Wednesday that it is removing the mileage limits from all its U.S. rental car rates and car classes, except minivans. "Very simply, we're announcing a return to free, unlimited mileage," said Brian J. Kennedy, executive vice president of marketing and sales for Hertz, a unit of Ford Motor Co. With minivans, the world's largest car rental company said it will maintain its mileage-capped rates, with 100 free miles per day and a 25-cents-per-mile charge after that.
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