14 JANUARY 2013


Readers are invited to add their comments to any story. Click on the article to see and add.


BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.


Email this Page

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
© 2021 Business Travel News Ltd.

Article from BTNews 14 JANUARY 2013

Avis grabs Zipcar

Zipcar, the motor vehicle sharing service established in 2000, has been acquired by Avis Budget, the world’s number three car rental operation, for US$500m.

Zipcar, which itself acquired Britain's Streetcar less than three years ago, has 767,000 members, or Zipsters, who pay an annual joining fee and are then charged by the hour to use its vehicles.  It is seen by some as a "greener" alternative to traditional car ownership as each vehicle gains far more utilisation, reducing the number actually registered.  According to The Economist, car sharing can reduce car ownership at an estimated rate of one rental car replacing 15 owned vehicles.

Car sharing clubs give members a smartcard which they use to open the car, eliminating the need to go to an office to collect and return keys.  Car hire leader Hertz and number two Enterprise have launched their own car sharing operations in the past few years, while Zipcar will become an Avis subsidiary. www.avis.co.uk www.zipcar.co.uk

Index/Home page

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum

No one has commented yet, why don't you start the ball rolling?

Add your comment

First Name
Email Address
Company (Not obligatory)
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.