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Wednesday, May 30, 2018

Avis Budget Group, Inc. ($CAR) Stock | Shares Take a Tumble on ...
src: ticker.tv

Avis is an American car rental company headquartered in Parsippany, New Jersey, United States. Avis, Budget Rent a Car, Budget Truck Rental and Zipcar are all units of Avis Budget Group.

Avis Budget Group operates the Avis brand in North America, South America, India, Australia and, New Zealand. In 2011, Avis announced it was acquiring Avis Europe plc, which had been a separate corporation licensing the Avis brand.

Since the late 1970s, Avis has featured mainly General Motors (GM) vehicles such as Chevrolet and Cadillac, but today also rents popular non-GM brands including Ford and Toyota.

Avis is a leading rental car provider to the commercial segment serving business travelers at major airports around the world, and to leisure travellers at off-airport locations. Many of the off-airport locations are franchised operations rather than company-owned and -operated, as is the case with most airport locations. Avis was the first car rental business to be located at an airport.

In January 2013, the company agreed to acquire Zipcar for $491 million.


Video Avis Rent a Car



History

The company was founded in 1948 with three cars at Willow Run Airport, Ypsilanti, Michigan, by Warren Avis (August 4, 1915 - April 24, 2007). It established branch operations across the United States over the next few years, becoming the second largest car rental company in the country by 1953. By its tenth anniversary in 1956 it had opened its first international offices in Europe, Canada and Mexico.

The Avis corporate motto of "We Try Harder" was adopted in 1962, during CEO Robert Townsend's tenure. The company aimed to put a positive spin on Avis' status as the second largest car rental company in the United States while also taking a shot at larger competitor The Hertz Corporation. The slogan was used for 50 years before a re-branding in 2012, when Avis unveiled a new slogan--"It's Your Space."

In 1972, Avis introduced Wizard, the first computer-based information and reservations system to be used in the United States car rental business; to this day, almost all frequent Avis customers are identified by their unique "Wizard number". In 1981, the company instituted its system of vehicle tracking, that was not coincidentally named Advanced Vehicle Identification System (AVIS).

Avis has been owned by a number of other companies over the years, along with several periods of being a public company. These include:

  • 1956 - The Amoskeag Company
  • 1962 - Investment group Lazard Freres
  • 1965 - ITT Corporation
  • 1977 - Norton Simon
  • 1983 - Esmark
  • 1984 - Beatrice Foods
  • 1986 - Investment firm Wesray Capital Corporation
  • 1987 - Majority ownership under an Employee Share Ownership Plan
  • 1989 - General Motors (acquires 29% stake)
  • 1996 - HFS Corporation
  • 2001 - Cendant
  • 2006 - Avis Budget Group

Maps Avis Rent a Car



Fleet

While Avis generally rents vehicles manufactured by General Motors, their fleet is diverse. This is their current fleet guide as of November, 2014:

Subcompact: Hyundai Accent Sedan Compact: Ford Focus Intermediate: Chevrolet Cruze Standard: Nissan Altima Coupe Full-Size: Chevrolet Impala or Chevrolet Impala Limited Specialty: Ford Mustang Coupe Specialty: Toyota Prius Specialty: Chevrolet Camaro SS Coupe Specialty: Mercedes-Benz E Class E350 Specialty: Ford F-150 Specialty: Mercedes-Benz GL GL450 Premium: Chrysler 300 Luxury: Lincoln MKS Convertible: Ford Mustang Convertible Standard Elite SUV: Chevrolet Traverse Minivan: Dodge Grand Caravan Intermediate SUV: Ford Escape Full-Size SUV: Chevrolet Tahoe Standard SUV: Ford Edge Premium SUV: Chevrolet Suburban 1500 Passenger Van: Ford E-Series Econoline E350 Super Duty

Avis also rents cars in their Signature Series, with such cars as:

-BMW 5 Series Sedan 528i -BMW X3 -BMW X5 -Chevrolet Corvette Coupe -BMW 7 Series 740i -BMW 3 Series Sedan 328i -Cadillac XTS -Jeep Wrangler -Lincoln Navigator -BMW Z4


AVIS St Kitts | We Try Harder. | Home
src: www.avisstkitts.com


See also

  • Car rental
  • Robert Townsend, Avis CEO who launched the "We Try Harder" advertising campaign
  • Ronald Wild, head of the Avis advertising department over the time the "We Try Harder" campaign was conceived.
  • Colin Marshall, British Peer and former CEO and COO.

The Avis Now app could end our car rental nigthmare
src: i.amz.mshcdn.com


References


Avis Car Hire Location - YouTube
src: i.ytimg.com


Further reading

  • Michael Kinsley (May 16, 2007). "We Try Harder (but What's the Point?)". The New York Times. 

Avis Best Car Rental Prices in Hungary- Erasmus Life Budapest
src: www.erasmuslifebudapest.com


External links

  • Official website

Source of article : Wikipedia