Credit Crunch Car Hire
With the Gaza Israeli conflict ongoing and the resulting tensions across the Middle East – oil prices are rising. Automatic Car Hire wonders if the cheap(er) fuel around now will last? Well other news today shows a UK exploration company Heritage Oil making a “world class” oil find in Uganda. Maybe further exploration is the key to alleviating the reliance on the Arab world?
Recently the Detroit Motor show tried desperately to hide the wobbly legs of the American Big Three with tales of the future with Electric and fuel efficient vehicles the focus. General Motors (owners of Opel and Vauxhall among many others) and Chrysler have already received $4bn each in emergency loans, while Ford has secured a $9 billion credit back up in the knowledge of tough times ahead.
If the worst case scenario does occur not only will we face the possibility of losing well known makers. Detroit, the home of all three, will surely be dealt a death blow. Cash shortages are already a main stay of the city with 13 recreation facilities being closed since 2005 not expected to be opened again soon. One Elementary school in Detroit has had to ask parents to donate toilet paper and light bulbs!
With UK car sales falling to a 12 year low down 11.3% to 2,131,795 (2207 – 2008) certainly all aspects of the motor industry is gloom and doom.
So what effect does this have on car hire? Well pricing is dropping to encourage bookings, especially for longer ahead through Summer 2009. Car hire companies are trying to stimulate business and volume by being price aggressive and proactively advertising. Unfortunately it may be in vain as the industry is heavily reliant on business higher up the food chain. When holidays, flights and the travel industry fall then car hire has less traffic needing transportation. Suddenly you find customers willing to accommodate the inconvenience of public or coach travel to save costs.
We at Automatic Car Hire are dedicated to searching multiple car hire companies to save you time and ensure you get the best deal. With a cost comparison engine the suppliers are in a heavily competitive price environment so you know they will price against each other to secure the volume. We are also driven to make the experience transparent with all cars fully inclusive and ready to pick up. If you need additional extras, want to know what the excess amount is or just fancy a browse – all terms and conditions from every supplier are available on the car select screen and confirmation pages.
So search to the right and in three quick and easy steps you will be booked and ready to go with Automatic Car Hire.
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