Avis Budget Group announced today that it has completed its previously announced acquisition of Zipcar.
Here are other headlines related to the acquisition, as previously reported in Auto Rental News:
Avis Budget Group Completes Funding, UK Clearance for Zipcar Acquisition
Zipcar Stockholders Approve Acquisition by Avis Budget Group
Avis Budget Receives U.S. Antitrust Clearance for Zipcar Acquisition
Avis Budget Group to Acquire Zipcar
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With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.
Car rental companies are migrating to vehicle segments with better residual values, though not without bumps in the road.
Taking in the seminars, discussions, and networking at the 2016 Auto Rental Summit, trend lines emerged around shifts in model mix, data protection issues, increasing labor costs, workforce engagement, and new platforms to rent cars.