Type Public Founder Henry Silverman Revenue 8.5 billion USD (2014) | Founded 2006 Key people Larry DeShon (CEO) | |
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Traded as NASDAQ: CAR
DJTA Component
S&P 400 Component Industry Rental & leasing services Stock price CAR (NASDAQ) US$ 34.18 -0.23 (-0.67%)2 Mar, 4:00 PM GMT-5 - Disclaimer Headquarters Parsippany-Troy Hills, New Jersey, United States CEO Ronald L. Nelson (Aug 2006–) Subsidiaries Avis Rent a Car, Budget Rent a Car Profiles | ||
A day in the life at avis budget group
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.
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As of 2011, Avis Budget is the leading general-use vehicle rental company in North America, Australia and New Zealand.
Avis budget group
History
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 September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand.
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.
On April 9, 2015, Avis Budget Group announced it had completed the acquisition of Maggiore Group, Italy's fourth-largest vehicle rental company.