Monday, April 26, 2010

More Consolidation as Hertz To Buy Dollar Thrifty

The consolidation of the car rental industry continues as Hertz is reportedly planning to buy Dollar Thrifty for nearly $1.2 Billion. The combined company (count'em, 3 rental car agencies) offers a more global presence, with Dollar and Thrifty focusing on U.S. markets, while Hertz operates rental offices throughout the world. What's left among the big agencies? Avis, who just happens to own Budget. With less competition, this may mean car rental fees will start hiking up.