Avis Budget Group Inc. (CAR)

Overview

Avis Budget Group, Inc. operates as a comprehensive provider of mobility solutions, catering to both business and consumer needs across various geographical realms including the Americas, Europe, the Middle East and Africa, Asia, and Australasia. With its roots tracing back to 1946 and a rebranding from Cendant Corporation in September 2006, this entity has grown into a formidable platoon in the mobility services domain, headquartered in Parsippany, New Jersey. Through its diverse portfolio of brands — Avis, Budget, Zipcar, and several others — the company is strategically positioned across different market segments, from premium commercial and leisure travel to value-conscious consumer segments.

Products and Services

Avis Budget Group, Inc. boasts a wide range of mobility solutions and ancillary products and services, addressing the varied necessities of its clientele. Here's an overview of their primary offerings:

• Avis: Targeting the premium segments of the travel industry, Avis focuses on offering vehicle rental and mobility solutions catering to both commercial and leisure purposes.
• Zipcar: A pioneering car sharing network, enabling users to access cars on demand, fulfilling the growing trend toward flexible, urban mobility solutions.
• Budget Car Rental and Budget Truck: Focused on value-conscious customers, Budget offers vehicle rental services alongside a local and one-way truck and cargo van rental business. The fleet includes approximately 19,000 vehicles available across dealer-operated and company-operated locations, principally serving the light commercial and consumer sectors within the continental United States.
• Other Brands: A portfolio of additional car rental brands such as Payless, Apex, Maggiore, Morini Rent, FranceCars, AmicoBlu, Turiscar, ACL Hire and McNicoll Hire, as well as TurisPrime and RubyCa, catering to diverse market needs across various geographies.
• Optional Insurance Products and Coverages: Including supplemental liability, personal accident, personal effects protection, emergency sickness protection, automobile towing protection, and cargo insurance products, offering customers peace of mind during their rental experience.
• Additional Services: A spectrum of conveniences such as fuel service options, roadside assistance services, electronic toll collection, mobile WiFi devices, GPS navigation, and child safety seat rentals, aimed at enhancing the customer journey. Additionally, Avis Budget Group provides access to automobile towing equipment and moving accessories like hand trucks, furniture pads, and moving supplies, addressing the comprehensive needs of movers.
• Avis Budget Group Business Intelligence: An online portal providing rental summary dashboards, visualizations, and detailed reports, designed to offer business clients a deeper insight into their rental activities and facilitate informed decision-making.