The devaluation of the pound sterling against the euro in the last six months has caused an estimated 20 per cent increase in the price of holidays for British tourists choosing the Costa Blanca as a holiday destination.
According to the hotel employer’s association Hosbec in Benidorm, the negative affect is thought to have been [...]
Archive for November, 2008
Car Manufacturers face problems unloading their excess vehicles
Posted in car rental, tagged airports, Alamo, automakers, business, car, car hire, car loans, car manufacturers, car rental, car rental agencies, consumers, credit crunch, Detroit, economy, Enterprise, excess vehicles, fleet, Guardian, inventory, National, profitability, rent a car, rental, rental agencies, rentals, resale value, used cars, used vehicles, vehicle, vehicles on November 7, 2008 | Leave a Comment »
U.S. automakers have long relied on sales to car rental agencies to boost sales and raise cash, but as rentals have slowed with the weakened economy, it will be harder for the Big Three to unload their excess vehicles.
“For a long time fleet sales have served as a pressure valve for U.S. automakers,” said Michael [...]
