Dollar Go It Alone, Alamo Dispute Buffalo And USA Petrol Prices

Hi all,

Quite a few things happened yesterday but none that really warranted their own post so I thought I’d amalgamate them all in one bite size article.

Dollar Rent A Car

First off the bat is Dollar Rent A Car, who after receiving no bids within its 10th October deadline have decided to push ahead with its own stand alone plans.

Dollar’s plan of action is to begin its share repurchase program, in the next 4 quarters Dollar Thrifty plan to purchase $400 Million worth of their own stock and hope to repurchase stoke used in privately negotiated transactions.

Dollar also reiterated their expectations for 3rd quarter 2011 results. DTG still expects car rental revenue to increase by around 2% compared to the same time period in 2010. 3rd quarter revenues are expected to be around $110 to $120 million excluding expenses involving a possible takeover, compared to $93.7 million for 2010. The company noted that it expects gains from sales of risk vehicles to be approximately $18 million in the 3rd quarter of 2011, compared to approximately $10 million of gains in the 3rd quarter of 2010.

Alamo Rent A Car

Alamo’s Buffalo location seems to have been out bided, as 7 companies bid for the 6 available car rental slots at the airport.

usrentacar.co.uk understands that Alamo are unhappy with the way the biding has been handled and will be taking further actions.

Petrol

Strong statistic’s provided by Wexindex show although petrol has dropped slightly, lack of supply could see a  steady increase in USA petrol prices shortly.

Another good reason to consider our gold rate which includes your first tank of fuel.

regards,

James,

 car hire USA

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