Home Page About Us Contribute




Escort, Inc.





Tweets by @CrittendenAuto






By accessing/using The Crittenden Automotive Library/CarsAndRacingStuff.com, you signify your agreement with the Terms of Use on our Legal Information page. Our Privacy Policy is also available there.

Budget Rent a Car

American Government Special Collections Reference Desk

Budget Rent a Car
Vehicle Renter

Topic Navigation
Official Site: Budget.com
Wikipedia: Budget Rent a Car

Page Sections
History
Article Index
Documents
Corporate Name: Budget Rent a Car System, Inc.

A car and truck rental company founded in 1958 in Los Angeles, California and currently based in Parsippany-Troy Hills, New Jersey, USA.

History

The following section is an excerpt from Wikipedia's Automotive Industries page on 1 April 2018, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.

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, New Jersey.

With its original fleet of 10 cars, the company lived up to the 'Budget' name by undercutting the daily and per mile rental rates of the established airport based car rental companies. Mirkin was joined in 1959 by Julius Lederer (husband of columnist Ann Landers) who built the company, and made it an international company. In 1960, the headquarters moved to Chicago, Illinois and the rental fleet expanded with franchised and wholly owned rental outlets.

The company was eventually acquired by Transamerica Corporation, and then sold in 1986 in a leveraged buyout by Gibbons, Green and van Amerongen Ltd., along with management (led by CEO Clifton E. Haley) and selected investors. The company made its first public stock offering in 1987.

Team Rental Group purchased the public company in 1997 and took the name Budget Group. In 2002, it sold the company's assets to Cendant Corporation, which also owned Avis and in September 2006, Cendant Corporation separated into four independent companies. The real estate division became Realogy, Inc., its hospitality services division became Wyndham Worldwide, and the travel distribution services division became Travelport, Inc., an affiliate of The Blackstone Group. In 2006, following the Travelport sale, Cendant, now composed solely of its vehicle rental services businesses, renamed itself Avis Budget Group.

Of the approximately 800 Budget Rental Car locations in the U.S., 600 are company-operated locations and 200 are licensee locations. Internationally, there are 150 company-operated locations and 1,800 licensees.


Documents

DateFile DescriptionFiles
15 April 2005United States District Court for the District of Maryland
Gordon Enterprises, Inc. d/b/a Budget Car and Truck Rental of P.G. and Capital Auto Rental Services, Inc. and Auto Sales, Inc. v. Jordan Motors, Inc. d/b/a Jordan Automotive Group
Memorandum Opinion

PDF
- 145KB - 16 pages


Article Index

DateArticleAuthor/Source
22 August 2002Indigio Releases Phase 2 of Budget Truck Rental Website, Expands Relationship with Budget Group, Inc.Indigio Group, Inc.


Connect with The Crittenden Automotive Library

The Crittenden Automotive Library on Facebook The Crittenden Automotive Library on Instagram The Crittenden Automotive Library at The Internet Archive The Crittenden Automotive Library on Pinterest The Crittenden Automotive Library on Twitter The Crittenden Automotive Library on Tumblr


The Crittenden Automotive Library

Home Page    About Us    Contribute