Large car rental firms rumoured to merge
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Posted on: February 14th, 2007 by Garry Robertson
As consolidation takes over it’s said that 4 of
America’s largest car rental firms are to merge. The companies expected to merge are
Alamo, National, Thrifty and Dollar. DaimlerChrysler’s unit known as the Dollar Thrifty Automotive Group are in talks to merge with Vanguard Car Rental. Vanguard Car Rental located in Tusla, Oklahoma owns National and
Alamo. The deal is said to be valued at more than $3 billion. It’s said that if this deal is completed it would create the 3rd biggest car rental company in the
US. With
Enterprise and Hertz and Avis behind them in revenues.
As with all mergers this could increase car hire prices. Prices have already risen considerably over the last year. Ten to twenty percent more in some places.
Spokesmen for the respective companies declined to comment on the rumour. Spokesmen include Dollar Thrifty’s Fred Fleischner and J.J. Rissi from Cerberus Capital Management which is the company that owns Vanguard.
www.dtag.com
carmad
Well the company should handle the rumours and communicate to the customers so that they can easily make their decisions. Being a customer it does not sounds good if the certain company is going to charge high prices for the same service then he must be worried. For the customers like me I do not have any concern with the mergers but the rising price is a noticeable factor.