Parsippany-based Avis Budget Group is a leading global rental car business featuring several notable brands and a presence in more than 170 countries around the world.
Since its launch in 1946 with just three cars, the company has grown into one of the best-known and most-preferred brands in the industry.

Avis continues to build on its long history of innovation – from delivering a personalized end-to-end rental experience for customers to moving transportation solutions forward to a more sustainable future.

“Our goal is to make renting a vehicle as frictionless as possible,” said Ravi Simhambhatla, executive vice president and chief digital and innovation officer, in a recent Forbes profile of the company. “By leveraging AI, we’re able to predict and anticipate our customers’ needs, whether it’s the vehicle they might prefer, the duration of their rental, or add-on services that will make their journey more comfortable.”

“Vehicle utilization improved by approximately two points throughout the company as we exercised strong fleet discipline,” said CEO Joe Ferraro about the company’s Q3 performance. “Our U.S. model year 2025 buy is well underway and expected to drive significant savings as these vehicles are rotated into our fleet.”