Avis Budget Group
Encyclopedia
Avis Rent A Car System
Avis Rent a Car System, LLC is a car rental company headquartered in Parsippany-Troy Hills Township, New Jersey, United States. Avis, Budget Rent a Car and Budget Truck Rental are all units of Avis Budget Group....
(Avis), Budget Rent A Car System, Inc.
Budget Rent a Car
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget's operations are headquartered in Parsippany-Troy Hills Township, New Jersey....
(Budget) and Budget Truck Rental, LLC
Budget Truck Rental
Budget Truck Rental, LLC is the second largest truck rental company in the continental United States of America with around 2,800 businesses and 32,000 trucks across the country...
(Budget Truck). Avis is a leading supplier to the premium commercial and leisure segments of the travel industry, and Budget is a leading supplier to price-conscious car rental segments.
As of 2011, Avis Budget is the leading general-use vehicle rental company in North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
and New Zealand
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
. The company's headquarters are located in Parsippany, New Jersey.
History
Following the decision to dissolve the CendantCendant
Cendant Corporation was a New York-based provider of business and consumer services, primarily within the real estate and travel industries. In 2005 and 2006, Cendant broke up and spun off or sold its constituent businesses...
company name and split into four separate companies, the vehicle rental division of Cendant became Avis Budget Group in 2006. At the end of 2008, Avis Budget became the first vehicle rental company to begin deployment RFID transponder
Transponder
In telecommunication, the term transponder has the following meanings:...
s in their fleet using a product from TransCore which includes an active RFID tag that can work with nearly all electronic toll collection
Electronic toll collection
Electronic toll collection , an adaptation of military "identification friend or foe" technology, aims to eliminate the delay on toll roads by collecting tolls electronically. It is thus a technological implementation of a road pricing concept...
s systems in the U.S., including E-ZPass
E-ZPass
E-ZPass is an electronic toll-collection system used on most tolled roads, bridges, and tunnels in the northeastern US, south to Virginia and West Virginia, and west to Illinois. Currently, there are 25 agencies spread across 14 states that make up the . All member agencies use the same technology,...
in the Northeast, TxTag
TxTAG
TxTag , operated by the Texas Department of Transportation , is one of three interoperable electronic toll collection systems in Texas.-Current system status:The TxTag brand name is used on the following highways:* Operated by TxDOT:...
(Texas) and SunPass
SunPass
SunPass is an electronic toll collection system in use by the State of Florida and was originally created by the Florida Department of Transportation's Florida's Turnpike...
(Florida).
Beginning in 2010 (and still ongoing as of May 2011), Avis Budget and Hertz Global Holdings
The Hertz Corporation
Hertz Global Holdings Inc is an American car rental company with international locations in 145 countries worldwide.-Early years:The company was founded by Walter L. Jacobs in 1918, who started a car rental operation in Chicago with a dozen Model T Ford cars. In 1923, Jacobs sold it to John D...
engaged in a bidding
Bid price
A bid price is the highest price that a buyer is willing to pay for a good. It is usually referred to simply as the "bid."In bid and ask, the bid price stands in contrast to the ask price or "offer", and the difference between the two is called the bid/ask spread.An unsolicited bid or purchase...
war, competing to acquire Dollar-Thrifty Automotive Group
Dollar-Thrifty Automotive Group
Dollar Thrifty Automotive Group is a holding company for Thrifty Car Rental and Dollar Rent A Car, formed in 1990 by Chrysler and spun off in 1997....
.