Welcome to the North American Subaru Impreza Owners Club Saturday April 19, 2014
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Here you can view your subscribed threads, work with private messages and edit your profile and preferences Home Registration is free! Visit the NASIOC Store NASIOC Rules Search Find other members Frequently Asked Questions Calendar Archive NASIOC Upgrade Garage Logout
Go Back   NASIOC > NASIOC General > News & Rumors > Non-Subaru News & Rumors

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads.
Reply
 
Thread Tools Display Modes
Old 01-02-2013, 09:32 AM   #1
plunk10
Scooby Specialist
 
Member#: 32342
Join Date: Jan 2003
Chapter/Region: International
Vehicle:
2004 :derp:

Default Avis buys Zipcar

I can't imagine this will do any good for the consumer in the long run...

http://money.cnn.com/2013/01/02/news...html?hpt=hp_t2

Quote:
It might be easier to get a Zipcar rental on weekends now that the popular urban car-sharing service is being acquired by traditional car rental company Avis Budget Group.

The companies said Wednesday that Avis (CAR, Fortune 500) has agreed to buy Zipcar (ZIP) for about $500 million, or $12.25 per share in cash, which is nearly 50% above the closing price of Monday.

Zipcar's stock surged in premarket trading to match Avis' valuation.

Avis said that it plans to use its fleet of rental cars to beef up Zipcar for its weekend demand, "which is currently constrained by fleet availability."

As a "car sharing" company, Zipcar operates under a slightly different model, appealing to customers who would rather rent a car by the hour, instead of by the day, though it offers services for both. Avis and Budget offer rentals on a daily or weekly basis.

The deal requires final approval from Zipcar shareholders. Avis and Zipcar expect the deal to be completed in the spring.

Citigroup (C, Fortune 500) is the financial adviser for Avis. Morgan Stanley (MS, Fortune 500) is the financial adviser to Zipcar.
* Registered users of the site do not see these ads.
plunk10 is offline   Reply With Quote
Old 01-02-2013, 10:59 AM   #2
shikataganai
Scooby Specialist
 
Member#: 92634
Join Date: Aug 2005
Chapter/Region: RMIC
Vehicle:
2007 Land Cruiser
2013 LEAF

Default

I'm glad to see Zipcar winning the game, in that its continued existence is now assured.
shikataganai is offline   Reply With Quote
Old 01-03-2013, 11:17 PM   #3
Ysidro
Scooby Specialist
 
Member#: 197418
Join Date: Dec 2008
Chapter/Region: NESIC
Location: New England
Vehicle:
07 WRX Ltd
The Mighty Evo;Fun CRZ

Default

Now that Avis bought zipcars, I will assume there will be more GM cars available for sharing perhaps? Camaro, mustang,Corvette... Or just my wishful thinking.
Ysidro is offline   Reply With Quote
Old 01-04-2013, 12:56 AM   #4
rob1n1
Scooby Specialist
 
Member#: 276425
Join Date: Mar 2011
Chapter/Region: NWIC
Location: Seattle, WA
Default

Quote:
Originally Posted by Ysidro View Post
Now that Avis bought zipcars, I will assume there will be more GM cars available for sharing perhaps? Camaro, mustang,Corvette... Or just my wishful thinking.
Malibu, Cruze, and Aveo, more like. Sorry...
rob1n1 is offline   Reply With Quote
Old 01-04-2013, 08:43 AM   #5
KC
Scooby Guru
 
Member#: 442
Join Date: Oct 1999
Chapter/Region: NESIC
Location: SE Mass/RI
Vehicle:
2013 Crosstrek XV
00 Honda S2000

Default

Quote:
Originally Posted by shikataganai View Post
I'm glad to see Zipcar winning the game, in that its continued existence is now assured.
Or, Avis strips Zipcar of available cars when the local Avis agent runs out...

--kC
KC is offline   Reply With Quote
Old 01-04-2013, 08:50 AM   #6
V8Slayer
Scooby Specialist
 
Member#: 111565
Join Date: Apr 2006
Chapter/Region: W. Canada
Location: Winnipeg
Vehicle:
1999 Legacy 2.5GT
Boosted & meth injection!

Default

Quote:
Originally Posted by KC View Post
Or, Avis strips Zipcar of available cars when the local Avis agent runs out...

--kC
^ This. This is exactly what happened after Enterprise bought out National/Alamo back in 2009.
V8Slayer is offline   Reply With Quote
Old 01-04-2013, 09:19 AM   #7
shikataganai
Scooby Specialist
 
Member#: 92634
Join Date: Aug 2005
Chapter/Region: RMIC
Vehicle:
2007 Land Cruiser
2013 LEAF

Default

Quote:
Originally Posted by KC View Post
Or, Avis strips Zipcar of available cars when the local Avis agent runs out...

--kC
Per my experience and several articles, their usage patterns are complementary. Zipcar sees more weekend usage. Traditional rental cars see more business related M-F rentals.
shikataganai is offline   Reply With Quote
Old 01-04-2013, 12:14 PM   #8
Indocti Discant
Scooby Specialist
 
Member#: 138000
Join Date: Jan 2007
Chapter/Region: BAIC
Location: et ament meminisse periti
Vehicle:
SF Teri Ma

Default

Pretty much. Highly unlikely that Avis is going to shut down the independent zip car locations (of which there are several) dotted all over the areas it services.

If anything I think what might happen is that Avis starts offering zipcars at their locations and if long term zipcars are available Avis will show them as available for daily rentals.
Indocti Discant is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 10:08 PM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2014 Axivo Inc.
Copyright ©1999 - 2014, North American Subaru Impreza Owners Club, Inc.