Avis Budget Group’s main firm is PV Holding Corporation. Its international headquarters can be found at 6 Sylvan Way, Parsippany, New Jersey. The company also manages the car-sharing network Zipcar.
Warren Avis launched the company in 1946, and it grew rapidly thanks to its then-unique approach of renting automobiles from airport sites. In 1953, due to the company’s quick expansion, it was the second largest car rental company in the United States. The corporation subsequently opened offices in additional nations. By 1956, the company had branches in Canada and Mexico. Under the leadership of Robert Townsend, the company adopted its now-iconic slogan “We try harder” in 1963. In 2012, this was updated to “This is your space.” In 1973, the business debuted its proprietary reservations system, Wizard. The company’s subsidiaries and franchisees operate in over 5,000 sites worldwide.
Budget, on the other hand, was established in 1958 by Morris Mirkin. Consistent with its name, it employed a low-cost business approach that undercut its competitors. In 1987, the company went public for the first time. It was acquired and disposed of by a succession of firms before being acquired by Avis in 2006. The corporation and its licensees operate in over 800 sites throughout the United States.