Rental Car Companies Caught in Credit Crunch

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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.