Type Subsidiary Website www.nationalcar.com Acquisition date 2007 | Industry Rental car Founded 27 August 1947 | |
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Headquarters St. Louis, Missouri, United States Parent organizations Enterprise Holdings, ANC Rental, Vanguard Automotive Group Profiles | ||
National Car Rental is an American rental car agency based in Clayton, Missouri, United States. National is owned by Enterprise Holdings, along with other agencies including Enterprise Rent-A-Car, and Alamo Rent a Car.
National was founded by 24 independent rental car agents on August 27, 1947. It had grown from 60 locations in the United States in 1947 to over 2000 locations internationally as of 2005.
In 1987, Paine Webber, a historical American brokerage firm, gained majority ownership of National.
In 1995, National was owned by an investment group containing William Lobeck of Tulsa, Alvin Swanner of New Orleans, and Archer McWhorter of Houston. Lobeck was a former president of Chrysler's car rental unit and a former owner of Thrifty Rent A Car, a competitor of National. It was later sold in 1995 at an estimated price of $1 billion.
In 1996, National acquired the Canadian fleet and operations of Tilden Rent-a-Car.
In 1996, National was acquired by Republic Industries (later renamed AutoNation). AutoNation spun off its car rental properties as ANC Rental in 2000. ANC filed for bankruptcy a year later; its properties were sold to Vanguard Automotive Group (controlled by Cerberus Capital Management) in 2003. On August 1, 2007 Enterprise Rent-A-Car assumed control of Vanguard Automotive Group.