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Jul 02, 2008
June Gloom
For the first six months, sales are down 10.9 percent year over year, which represents the worst half-year auto sales performance since at least 1993.

Jul 02, 2008
Avis Budget Group Expects Lower Earnings for 2008
Rising fuel costs and lower commercial travel volumes contribute to lower earnings expectations. Shares fall to 16-year low.

Jul 02, 2008
Dollar Thrifty Reports on Difficult Operating Trends
The car rental company reports challenges with daily revenue and vehicle depreciation, while stocks recently plunged $1.49, or 26.1 percent, to $4.21.

Jul 02, 2008
AAA Predicts Slight Decrease in Fourth of July Travel
However, AAA projects 40.45 million Americans will still travel during the July 4th weekend, down 1.3 percent, or nearly 550,000 Americans, from the 41 million who traveled last year.

Jul 02, 2008
OPENLANE Names New President and CFO
Board of directors recently promoted both Clive Kinross and Peter Kelly to new executive positions.

Jul 02, 2008
Texas Rental Car Drivers May Find it Tougher to Skip on Toll Booth Fees
A proposed fix frees rental agencies from having to pay. Ultimately, the driver will be responsible for paying the fine directly to the toll authority.

Jul 02, 2008
FSNA to Resume Trading on TSX Venture Exchange
Shares of Franchise Services of North America Inc. have been reinstated for trading on the TSX Venture Stock Exchange.

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Jul 02, 2008
TIA Welcomes Chinese Tour Group to U.S. Under New Government Agreement
Under the new agreement, Chinese travel to the United States—where the average visitor spends approximately $6,000 per trip—is expected to skyrocket.