Attorneys General Want Tougher Used Car Rule
More than 40 attorneys general are asking the Federal Trade Commission to require dealers to include a car history for all used vehicles. Dealers worry the extra regulations will lead to more lawsuits. AGs say Wisconsin already has similar measure, so should all other states.
Rental Car Companies Caught in Credit Crunch
The credit crunch is affecting new vehicle orders by the rental car companies. Rental companies are having trouble getting financing for inventories, and franchise dealers are finding it difficult to get financing to buy used rental vehicles. This is troubling for the Detroit-3 who typically sell 15% of their new cars and trucks to rental companies.
Avis Cuts Costs, Braces for Reduced Rental Demand
Avis is cutting jobs, closing off-airport locations, reducing fleet size, and restructuring depts to cut costs. It acquired $2.45B in extended financing which will permit it to buy replacement vehicles through a deal with GM.
HOT Lanes Huge Trend on Urban Highways
High Occupancy Toll lanes are a huge trend in urban highway transportation. Drivers pay extra to use the special lanes, and while some believe that all roads should be free, others feel that the option to pay for a quicker commute should be available.
