This is the main problem in this industry all this big company taking advantage of each other and th

Hertz sold its Advantage brand Franchise Services of North America (FSNA) , after the Federal Trade Commission (FTC) ordered the sale as a condition of Hertz purchasing Dollar Thrifty . Advantage and Dollar compete in the low-cost segment of the market.
Simply Wheelz, a unit of FSNA that does business as Advantage Rent A Car, acquired the vehicles and a master lease agreement that required Simply Wheelz to bear the residual value risk of the leased fleet.
In June, Simply Wheelz began selling Hertz vehicles via Manheim auctions and booked losses on the sales. As of Oct. 25, Simply airline ticket auctions Wheelz had sold 5,295 vehicles at auctions and lost an average of $1,633 per vehicle. The total loss reached $8.6 million, according to FSNA.
"Despite repeated requests, Hertz has not yet provided the company with such information notwithstanding the view of the company that Hertz is contractually obligated to do so," FSNA said in a statement.
FSNA has been in talks with Hertz and three other parties to purchase the Advantage car rental business and to obtain additional financing. airline ticket auctions FSNA has ruled out a sale back to Hertz because the FTC may not approve it, according to FSNA.
This is the main problem in this industry all this big company taking advantage of each other and the little guys, and the finance company is worst among them, the court should force the Hertz to release the value of the vehicles.