Avis Budget Group
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|Traded as||NASDAQ: CAR
S&P 400 Component
|Industry||Rental & leasing services|
|Founder||Henry Silverman, Warren Avis, Julius Lederer|
|Headquarters||Parsippany, New Jersey, United States|
|Larry DeShon (CEO)|
|Revenue||$0.9 B (2014)|
Number of employees
Avis Budget Group, Inc. is the American parent company of Avis Car Rental, Budget Car Rental, Budget Truck Rental, Payless Car Rental, Apex Car Rentals, Maggiore Group and Zipcar. The company's headquarters are located in Parsippany-Troy Hills, New Jersey, United States.
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. 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).
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.
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.
- "Avis Budget Group Reports Record Fourth Quarter 2014 Results". avisbudgetgroup.com.
- "Avis Car Rental and Budget Car Rental Recognized Among Top 50 'Green' Brands". avisbudgetgroup.com.
- "Avis Budget Group Announces Agreement to Acquire Apex Car Rentals of New Zealand". avisbudgetgroup.com.
- "Avis Budget Group Completes Acquisition of Maggiore Group". avisbudgetgroup.com.
- "Avis Budget to buy Zipcar for $500 mln". Reuters. Retrieved 2 January 2013.
- "Avis Beats on Better Travel Trends". Zacks Investment Research. May 4, 2011. Retrieved 2011-05-14.
- "Cendant to become Avis. Budget". Pacific Business News. August 29, 2006. Retrieved 18 August 2012.
- "Avis Budget Group Plans to Put Interoperable Toll Transponders on the Road". RFID Journal. December 23, 2008. Retrieved 2011-05-14.
- "Archived copy". Archived from the original on 2015-05-18. Retrieved 2015-05-09.
- Rebecca Greenfield (2013-03-15). "Uh Oh, ZipCar's CEO Stepped Down Right After Its Merger with Avis". theatlanticwire.com.
- Emily Bader (9 April 2015). "Avis completes $160M acquisition of Italian vehicle rental business". NJBIZ.
In popular culture
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