Rental Car Shares Drop

It appears that Hertz Rentals is not the only one in the rental car industry that is taking a hit on Wall Street. Rental car companies’ shares have dropped across the board Wednesday. The word on Wall Street is that the economy put such a strain on the rental car business, which the recovery time could take up to two years.

Dollar Thrifty Automotive Group, Inc. topped the barrel on Wednesday, when its shares dropped 4.9 percent in afternoon trading, with the Avis Budget Group following closely with a 4.7 percent drop in shares. If the economy continues to slow, it will continue to hurt the rental car industry, as the influx of would be travelers will continue to slow as well.