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National Car Rental

From Wikipedia, the free encyclopedia

National Car Rental
Subsidiary
IndustryRental car
FoundedAugust 27, 1947; 72 years ago (1947-08-27)
HeadquartersClayton, Missouri, U.S.
ParentEnterprise Holdings
Websitenationalcar.com
Airport Counter at YXE
Airport Counter at YXE
2008 Ford E-450 from National Car Rental.
2008 Ford E-450 from National Car Rental.

National Car Rental is an American rental car agency based in Clayton, Missouri, United States. National is owned by Enterprise Holdings, along with other agencies including Enterprise Rent-A-Car, and Alamo Rent a Car.

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Transcription

Overview

National was founded by 24 independent rental car agents on August 27, 1947. It had grown from 60 locations in the United States in 1947 to over 2000 locations internationally as of 2005.

In 1987, Paine Webber, a historical American brokerage firm, gained majority ownership of National.[1]

In 1995, National was owned by an investment group containing William Lobeck of Tulsa, Alvin Swanner of New Orleans, and Archer McWhorter of Houston.[2] Lobeck was a former president of Chrysler's car rental unit and a former owner of Thrifty Rent A Car, a competitor of National. It was later sold in 1995 at an estimated price of $1 billion.[2]

In 1996, National acquired the Canadian fleet and operations of Tilden Rent-a-Car.

In 1996, National was acquired by Republic Industries (later renamed AutoNation).[3] AutoNation spun off its car rental properties as ANC Rental in 2000.[4] ANC filed for bankruptcy a year later; its properties were sold to Vanguard Automotive Group (controlled by Cerberus Capital Management) in 2003.[5] On August 1, 2007 Enterprise Rent-A-Car assumed control of Vanguard Automotive Group.[6]

References

  1. ^ Deutsch, Claudia H. (1987-10-11). "At Car Rental Companies, the Owners Come and Go". The New York Times. Retrieved 2016-09-11.
  2. ^ a b Bryant, Adam (1995-04-05). "G.M. Agrees To Sell Car Rental Unit". The New York Times. Retrieved 2016-09-11.
  3. ^ Bagli, Charles V. (1996-11-08). "In Alamo Deal, Republic Puts More Money On Used Cars". The New York Times. Retrieved 2016-08-24.
  4. ^ "Car Rental Spinoff By AutoNation Is Set". The New York Times. 2000-05-31. Retrieved 2016-09-11.
  5. ^ Stieghorst, Tom (2003-08-07). "Judge Approves Sale Of Anc Assets". Sun-Sentinel. Retrieved 2016-08-24.
  6. ^ Thomas Jr., Landon (2007-03-31). "Enterprise Rent-a-Car Buys Vanguard, a Rival". The New York Times. Retrieved 2012-09-02.

External links

This page was last edited on 15 February 2020, at 17:02
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