Who Owns Dollar Car Rental? A Deep Dive Into the Ownership and Operations

• 1-Who Owns Dollar Car Rental?
• 2-History of Dollar Car Rental
• 3-How Dollar Car Rental Was Acquired
• 4-Current Ownership Structure
• 5-Impact of Ownership on Dollar Car Rental's Services

1-Who Owns Dollar Car Rental?

Dollar Car Rental, widely recognized for its affordable and reliable car rental services, is owned by Hertz Global Holdings. Hertz, a multinational vehicle rental company, operates several car rental brands under its umbrella, with Dollar Car Rental being one of its prominent subsidiaries. Founded in 1965, Dollar Car Rental has grown to serve a wide range of customers across the United States and globally, making it a strong competitor in the car rental market.

2-History of Dollar Car Rental

Dollar Car Rental was founded in 1965 by Henry “Hank” Dollar, a businessman with a vision to provide affordable car rental options for the average traveler. Over the years, the company expanded its fleet and customer base, growing from a small operation to a nationally recognized brand. By the 1980s, Dollar Car Rental had become a staple in the U.S. car rental industry, offering competitive prices and a wide variety of vehicles for rent.

In 1998, Dollar Car Rental went public and continued to expand its operations both domestically and internationally. The company’s reputation for value and convenience attracted both leisure and business travelers alike, making it a household name in the rental car industry.

3-How Dollar Car Rental Was Acquired

In 2003, Dollar Car Rental merged with Thrifty Car Rental, another well-established player in the car rental market. The merger resulted in the creation of the Dollar Thrifty Automotive Group, a company that would continue to grow its presence in the rental car industry. This move allowed Dollar to compete more aggressively with larger companies, such as Enterprise and Avis, by increasing its fleet size and market share.

In 2012, Hertz Global Holdings acquired Dollar Thrifty Automotive Group in a deal valued at approximately $2.3 billion. This acquisition allowed Hertz to expand its portfolio, bringing Dollar Car Rental under the global umbrella of Hertz. The acquisition further solidified Hertz's position in the rental car market, enhancing its ability to offer both premium and budget-friendly rental options.

4-Current Ownership Structure

As of today, Dollar Car Rental is fully owned by Hertz Global Holdings. Hertz, a publicly traded company listed on the New York Stock Exchange under the ticker symbol “HTZ,” operates a number of car rental brands, including Hertz, Dollar, Thrifty, and Firefly. Each brand serves different market segments, with Dollar focusing on budget-conscious travelers looking for affordable rental options.

Hertz Global Holdings is one of the largest car rental companies in the world, with a presence in over 150 countries. The company’s diverse portfolio allows it to cater to a wide range of customers, from high-end luxury travelers to those in need of more economical solutions. Dollar Car Rental, as part of this portfolio, continues to thrive in the budget rental car market.

5-Impact of Ownership on Dollar Car Rental's Services

The acquisition by Hertz Global Holdings has had a significant impact on Dollar Car Rental’s services and operations. Under the Hertz umbrella, Dollar has been able to leverage the resources, infrastructure, and global reach of a major multinational corporation. This has allowed Dollar to maintain competitive pricing while offering improved customer service, expanded fleet options, and better access to international destinations.

Hertz’s ownership has also resulted in improved technology integration across the brands, allowing Dollar Car Rental to streamline its booking process, offer more convenient pick-up and drop-off options, and enhance the overall customer experience. Additionally, Dollar Car Rental has benefited from the loyalty programs offered by Hertz, giving its customers access to various rewards and benefits when renting from other Hertz-owned brands.

In conclusion, Dollar Car Rental’s current ownership by Hertz Global Holdings has allowed the brand to continue growing and offering valuable services to customers. The partnership has resulted in an even stronger presence in the car rental industry, ensuring that Dollar remains a top choice for budget-conscious travelers seeking reliable and affordable rental options.

For those seeking a convenient and affordable car rental experience, visit【Carvel Car Rental】to find the best deals and services available for your needs.