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| Subsidiary | |
| Industry | Car rental |
| Founded | Ypsilanti, Michigan, U.S. (1946) |
| Founder | Warren Avis |
| Headquarters | Parsippany, NJ, U.S. |
Number of locations | approximately 5,550 |
Area served | Worldwide |
Key people | Larry D. De Shon, Chief Executive Officer and Chief Operating Officer David B. Wyshner, President and Chief Financial Officer |
| Revenue | $8,502 million (parent company - 2015) |
| $888 million (parent company - 2015) | |
 | |
| Total assets | $17,634 million (parent company - 2015) |
| Total equity | $439 million (parent company - 2015) |
| Owner | Avis Budget Group |
Number of employees | 30,000 (2008) |
| Website | Avis.com |
Avis is an American car rental company headquartered in Parsippany, New Jersey, United States. [1] Avis, Budget Rent a Car, Budget Truck Rental and Zipcar are all units of Avis Budget Group. [2]
A car rental, hire car, or car hire agency is a company that rents automobiles for short periods of time, generally ranging from a few hours to a few weeks. It is often organised with numerous local branches, and primarily located near airports or busy city areas and often complemented by a website allowing online reservations.
Parsippany-Troy Hills Township, commonly called simply Parsippany, is a township in Morris County, New Jersey, United States. As of the 2010 United States Census, the township's population was 53,238, reflecting an increase of 2,589 (+5.1%) from the 50,649 counted in the 2000 Census, which had in turn increased by 2,171 (+4.5%) from the 48,478 counted in the 1990 Census.
New Jersey is a state in the Mid-Atlantic region of the Northeastern United States. It is a peninsula, bordered on the north and east by the state of New York, particularly along the extent of the length of New York City on its western edge; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware River and Pennsylvania; and on the southwest by the Delaware Bay and Delaware. New Jersey is the fourth-smallest state by area but the 11th-most populous, with 9 million residents as of 2017, and the most densely populated of the 50 U.S. states; its biggest city is Newark. New Jersey lies completely within the combined statistical areas of New York City and Philadelphia and was the second-wealthiest U.S. state by median household income as of 2017.
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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, [3] 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.
General Motors Company, commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center. It was originally founded by William C. Durant on September 16, 1908 as a holding company. The company is the largest American automobile manufacturer, and one of the world's largest. As of 2018, General Motors is ranked #10 on the Fortune 500 rankings of the largest United States corporations by total revenue.
Chevrolet, colloquially referred to as Chevy and formally the Chevrolet Division of General Motors Company, is an American automobile division of the American manufacturer General Motors (GM). Louis Chevrolet and ousted General Motors founder William C. Durant started the company on November 3, 1911 as the Chevrolet Motor Car Company. Durant used the Chevrolet Motor Car Company to acquire a controlling stake in General Motors with a reverse merger occurring on May 2, 1918 and propelled himself back to the GM presidency. After Durant's second ousting in 1919, Alfred Sloan, with his maxim "a car for every purse and purpose", would pick the Chevrolet brand to become the volume leader in the General Motors family, selling mainstream vehicles to compete with Henry Ford's Model T in 1919 and overtaking Ford as the best-selling car in the United States by 1929.
Cadillac is a division of the American automobile manufacturer General Motors (GM) that designs and builds luxury vehicles. Its major markets are the United States, Canada, and China. Cadillac vehicles are distributed in 34 additional markets worldwide. Cadillac automobiles are at the top of the luxury field within the United States. In 2017, Cadillac's U.S. sales were 156,440 vehicles and its global sales were 356,467 vehicles.
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. [4]
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchiser licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a Franchise Agreement.
In January 2013, the company agreed to acquire Zipcar for $491 million. [5]
Zipcar is an American car-sharing company and a subsidiary of Avis Budget Group. Zipcar provides automobile reservations to its members, billable by the minute, hour or day; members may have to pay a monthly or annual membership fee in addition to car reservations charges. Zipcar was founded in 2000 by Antje Danielson and Robin Chase..
