Hertz Connect Entering Car-Sharing Market

Zipcar has dominated the consumer car-sharing market for eight years. Hertz Connect commences this month to compete directly with them.

Demand for Used Vehicles Declines

Used vehicles are stacking up on dealer lots due to the credit crunch and industry woes. Wholesale prices fell to a 14-year average low of $8,628, and dealers had a 66-day supply of used vehicles at the end of October (up from a 43-day supply at the end of October 2007). Some dealers, though, are stocking up because they see the low prices as a great opportunity.

Driver Turnover Plummets

Trucking and the Economy

Freight Recovery Not Expected Until 2010

Freight companies are experiencing lost business and expect it to continue through 2009. Auto industry and consumer retail struggling in poor economy so fewer goods being shipped.