Avis Budget Group

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Avis Budget Group
DJTA Component
S&P 400 Component
Industry Rental & leasing services
Founded 2006
Founder Henry Silverman, Warren Avis, Julius Lederer
Headquarters Parsippany, New Jersey, United States
Key people
Larry DeShon (CEO)
Products Car rental
Revenue $0.9 B (2014)[1]
$125,000 (2014)[1]
Total equity $77,000
Number of employees
30,000 [1]
Website www.avisbudgetgroup.com
Avis Budget Group

Avis Budget Group, Inc. is the American parent company of Avis Car Rental,[2] Budget Car Rental,[2] Budget Truck Rental, Payless Car Rental, Apex Car Rentals,[3] Maggiore Group[4] and Zipcar.[5] The company's headquarters are located in Parsippany-Troy Hills, New Jersey, United States.

As of 2011,[needs update] Avis Budget is the leading general-use vehicle rental company in North America, Australia and New Zealand.[6]


Following the decision to dissolve the Cendant company name and split into four separate companies, the vehicle rental division of Cendant became Avis Budget Group in 2006.[7] At the end of 2008, Avis Budget became the first vehicle rental company to begin deployment RFID transponders in their fleet using a product from TransCore which includes an active RFID tag that can work with nearly all electronic toll collections systems in the United States, including E-ZPass in the Northeast, TxTag (Texas) and SunPass (Florida).[8]

On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand. [3][9]

On 14 March 2013 Avis Budget Group purchased Zipcar for about US$500 million in cash. Zipcar now operates as a subsidiary of Avis Budget Group. Scott Griffith, who had run the company for the previous 10 years, resigned the day after the acquisition closed, and passed the reins to a new company President, Mark Norman.[10]

On April 9, 2015, Avis Budget Group announced it had completed the acquisition of Maggiore Group, Italy's fourth-largest vehicle rental company.[4][11]

Avis is rated a 2 star rental company ranked 7th overall on Google Review customer satisfication, just behind Enterprise #1, Alamo #2 and 5 other companies. The CEO admits they need to focus more on retaining customers as many have been switching.


  1. ^ a b c "Avis Budget Group Reports Record Fourth Quarter 2014 Results". avisbudgetgroup.com. 
  2. ^ a b "Avis Car Rental and Budget Car Rental Recognized Among Top 50 'Green' Brands". avisbudgetgroup.com. 
  3. ^ a b "Avis Budget Group Announces Agreement to Acquire Apex Car Rentals of New Zealand". avisbudgetgroup.com. 
  4. ^ a b "Avis Budget Group Completes Acquisition of Maggiore Group". avisbudgetgroup.com. 
  5. ^ "Avis Budget to buy Zipcar for $500 mln". Reuters. Retrieved 2 January 2013. 
  6. ^ "Avis Beats on Better Travel Trends". Zacks Investment Research. May 4, 2011. Retrieved 2011-05-14. 
  7. ^ "Cendant to become Avis. Budget". Pacific Business News. August 29, 2006. Retrieved 18 August 2012. 
  8. ^ "Avis Budget Group Plans to Put Interoperable Toll Transponders on the Road". RFID Journal. December 23, 2008. Retrieved 2011-05-14. 
  9. ^ "Archived copy". Archived from the original on 2015-05-18. Retrieved 2015-05-09. 
  10. ^ Rebecca Greenfield (2013-03-15). "Uh Oh, ZipCar's CEO Stepped Down Right After Its Merger with Avis". theatlanticwire.com. 
  11. ^ Emily Bader (9 April 2015). "Avis completes $160M acquisition of Italian vehicle rental business". NJBIZ. 

In popular culture[edit]

In the Seth MacFarlane's TV series The Orville, Avis is referenced as a Car Rental Company as well as the God of an alien species called The Krill.

External links[edit]