Budget Rent A Car
Budget Rent A Car is one of the largest car rental companies in the world, and has been in operation since 1958. Operating in approximately 2,750 locations in more than 120 countries, Budget is a wholly-owned subsidiary of Avis Budget Group, Inc. The Avis Budget Group operates approximately 750 Budget locations themselves, the remaining locations are licensed operators of what's known as the "Budget System". Of the 800 Budget locations in the U.S., 600 are operated by the Avis Budget Group, the remaining 200 are licensees, and may offer different vehicles and deals that those at the company-operated locations. Internationally the count is 150 company-operated locations versus 1,800 licensees.
Budget was founded in 1958 in Los Angeles, California, by Morris Mirkin. The company grows quickly, both nationally and internationally, and was purchased in 1986 by Transamerica Corp. In 1997 Budget was purchased by Team Rental Group, Budget's largest U.S. franchisee, and changed it's name to Budget Group, Inc., and begin trading on the NYSE. In 1998 Budget introduced "Fastbreak", its express service. In 2002 Budget Group was de-listed from the NYSE and sold all its worldwide assets (other than Europe) to Cendant Corporation. European assets were sold to Avis Europe, Plc. In 2006, Cendant Corporation separated into four independent companies: the real estate division became Realogy, Inc., the hospitality division became Wyndham Worldwide, the travel distribution services division became Travelport, Inc., and was sold to The Blackstone Group. The remainder of Cendant was comprised of the vehicle rental services division, and was renamed Avis Budget Group.
Frequent Renter Information
Called Fastbreak, Budget's frequent renter program let's you rent with one click online, and bypass the counter when picking up your vehicle. You must rent at least three times each calendar year to stay as a member of Fastbreak. Additionally, with the Rent More, Save More program, you save 10-20% off future rentals after completion of your first eligible rental (for a period of 365 days after your last completed eligible rental).
Frequent Renter URL: Fastbreak
The Avis Budget group trades on the NYSE under the symbol CAR.
Budget Rent a Car News
- How to pick -and get - the rental car you want
Detroit Free Press
“We are sometimes asked why our car class designations do not always match those of the manufacturer,” says Alice Pereira, spokeswoman for Avis-Budget. “Rental car companies' car classes are designed for merchandising our fleet to travelers while auto ...
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- Save of the Day: Car rental deals
Sometimes going with a smaller company like Fox, Payless or Sixt Car Rental will save you more money over the "big boys" like Hertz, Budget or Enterprise. Also, in my opinion, skip every insurance policy they throw at you. The coverage through your ...
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- Avis Budget Group to Operate the Budget Car Rental Brand in Portugal Directly
Wall Street Journal
PARSIPPANY, N.J., Feb. 28, 2014 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc.(Nasdaq:CAR) announced today that it will operate the Budget Car Rental brand in Portugal directly, effective immediately. Prior to this announcement, Avis Budget Group's ...
Avis Budget Group Acquires Edmonton Budget Licensee
Avis Budget Group to acquire Edmonton licensee for $30 million US
Edmonton Journal (blog)
Highly competitive prices offered by car rental company in Iceland
WebWire (press release) all 17 news articles »
- Budget Car Rental Loses Consumer Info Coverage Dispute
Law360, Los Angeles (February 18, 2014, 5:56 PM ET) -- A Georgia federal judge on Tuesday granted two insurance companies a win in their coverage dispute with a Budget Rent A Car licensee over its alleged willful printing of complete credit card ...
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- Budget Rent a Car under fire for damage bills
More customers of Budget Rent a Car are feeling ripped off and misled after a B.C. franchise group sold them accident “coverage,” then billed them thousands of dollars — full price — for damage to their rental vehicles. “I think it's not fair,” said ...
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- Avis Budget Group Inc. (CAR): New Analyst Report from Zacks Equity Research ...
Avis Budget Group Inc. provides vehicle rental services through a network of approximately 10,000 car and truck rental locations in the U.S., Canada, Australia, New Zealand, Latin America, the Caribbean, and parts of Asia. The company was founded in ...
Avis Budget Group Inc. (CAR) news: Time To Get Into This Stock Before It Steps ...
Avis Budget Loss Narrows on Global Sales Growth
Wall Street Journal
Why Avis Budget Group (CAR) Is Soaring on Thursday
TheStreet.com Motley Fool- MarketWatch- Breaking Travel News all 29 news articles »
- Avis Budget Launches Avis Direct
Leading global vehicle rental company, Avis Budget Group Inc. (CAR - Analyst Report) has launched a used car sales program “Avis Direct”, with a dedicated website for automobile dealers. The recent move is part of the company's ongoing strategy to ...
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- Avis Budget Buys Budget Brands Licensee
The company, which has been operating its Budget Car & Truck Rental brand in Edmonton since 1963, announced on Feb 27 that it has agreed to buy back these licenses for approximately $30 million plus fleet costs. With this, Avis Budget will be acquiring ...
Avis Budget Buys Budget Brand's Licensee - Analyst Blog
Most Popular Stories
The Herald | HeraldOnline.com (press release)
Avis Budget Group EVP W Scott Deaver Sells 25000 Shares (CAR)
Ticker Report all 5 news articles »
- Air Miles Announces New Partnership with Budget Rent a Car
Air Miles members who book a vehicle with Budget will earn 1 Air Mile for every AED 1 they spend within UAE. A new co-branded web site accessible from www.airmilesme.com/en-ae/partner/collect/places-to-collect/budget-car-van-rental.html has been ...
- How do rental car companies make money?
Rental cars are seen at a Budget car and truck rental franchise in Mount Prospect, Illinois. by Mitchell Hartman. Monday, February 10, 2014 - 14:01. Story. Answers to the big questions behind small, simple, ubiquitous things in the world of business.
1. Milestone Events, The history of Budget Rent a Car, Inc.: Budget Rent a Car. Retrieved May 2, 2011.
2. 2010 Annual Report: Avis Budget Group. Retrieved May 3, 2011.
3. Our Factsheet: Budget Rent a Car. Retrieved May 3, 2011.
3. Company Information: Avis Budget Group. Retrieved May 3, 2011.