Avis Budget Group

Avis Budget Group, Inc.
Company typePublic
Industry
PredecessorCendant
Founded2006; 18 years ago (2006)
Founders
Headquarters,
United States
Number of locations
11,000 (2019)
Areas served
Worldwide
Key people
ServicesCar and truck rentals
RevenueIncrease US$12.1 billion (2023)
Increase US$2.6 billion (2023)
Increase US$1.6 billion (2023)
Total assetsIncrease US$27.4 billion (2023)
Total equityDecrease US$349 million (2023)
Number of employees
21,000 (2023)
Subsidiaries
Websiteavisbudgetgroup.com
Footnotes / references
[1][2]

Avis Budget Group, Inc. is an American car rental agency holding company headquartered in Parsippany, New Jersey. It is the parent company of several brands including Avis Car Rental,[3] Budget Rent a Car,[4] Budget Truck Rental, Payless Car Rental and Zipcar.[5]

The company also operates several smaller, regional brands including ACL Hire, Apex Car Rentals,[6] AmicoBlu, France Cars, Maggiore Group,[7] MoriniRent, TurisCar and TurisPrime.[5]

It is one of the three big rental car holding companies in the United States. In 2021 it held a 26% market share, placing it behind both the Hertz Global Holdings and Enterprise Holdings.[8]

  1. ^ "Avis Budget Group". Forbes.
  2. ^ "Avis Budget Group Reports Fourth Quarter and Full Year Results". avisbudgetgroup.com.
  3. ^ Christian Stoyanov. "Avis Budget Group: A Time For Transformation". Seeking Alpha. Retrieved 30 April 2019.
  4. ^ "Cendant cutting hotels, strikes deal for Budget". Chicago Tribune. Retrieved 30 April 2019.
  5. ^ a b "Brands". Avis Budget Group. Retrieved 7 September 2020.
  6. ^ "Avis Budget Group Enters Agreement to Acquire Apex Car Rentals of New Zealand". Auto Rental News. Retrieved 30 April 2019.
  7. ^ Chelsey Dulaney. "Avis Budget to Buy Italy's Maggiore Group for $170 Million". Wall Street Journal. Retrieved 30 April 2019.
  8. ^ "How Consolidation in the Car Rental Industry Is Likely to Overhaul Ground Transportation". GEP. Retrieved 2021-06-23.