World Car Rental Business Market

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This report analyzes the worldwide markets for Car Rental Business in Millions of US$. The market for Car Rental in this report is analyzed both by Location (Airport, & Non-Airport), and Car Rental Business by Sector (Leisure, Business, and Insurance Replacement). The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual forecasts are provided for each region for the period of 2001 through 2015. A ten-year historic analysis is also provided for these markets with annual market analytics. The report profiles 90 companies including many key and niche players worldwide such as Avis Budget Group, Inc., Avis Rent-A-Car System, Inc., Budget Rent-A-Car System, Inc., Dollar Thrifty Automotive Group, Companies, Dollar Rent-A-Car, Thrifty Car Rental, Enterprise Rent-A-Car, Vanguard Car Rental USA, Inc., Alamo Rent-A-Car, National Car Rental, Europcar, Payless Car Rental, Rent-A-Wreck of America, Inc., Sixt Aktiengesellschaft, and The Hertz Corporation. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

CAR RENTAL BUSINESS MCP-1044
A GLOBAL STRATEGIC BUSINESS REPORT

CONTENTS

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3
Car Rental Business by Location I-4
Airport Car Rentals I-4
Non- Airport Car Rentals I-4
Car Rental Business by Sector I-4
Leisure I-4
Business I-4
Insurance Replacement I-4
II. EXECUTIVE SUMMARY
1. Industry overview II-1
A Peek Into the Travel Industry II-1
Table 1: Worldwide Travel Industry (2005): Number of People
Traveling to Different Regions-France, Spain, United States,
Italy, China, United Kingdom, Russia., Mexico, Canada and
Austria (In Thousand) (includes corresponding Graph/Chart) II-1
Industry Recovered from Twin Turmoil of Recession & Terrorism II-2
Car Rental: An Integral Part of the Travel Industry II-2
General Traits of Car Rental Industry II-3
Car Rental Industry: A Highly Unregulated Market II-3
Market Pulse II-3
Correlation Between Air Travel & Car Rentals: A Peek Into Its
Dynamics II-3
Players Fight to Stay Afloat In a Challenging Environment II-4
The New Order of Fleet Ownerships: A Peek Into the Changing
Paradigm II-4
Profitability II-4
Customer Service II-5
Sweeteners Offered by Car Rentals II-5
Branding II-5
Car Rental Companies Go Global II-5
Online Booking Takes Car Rentals to Higher Grounds II-6
Reduction of Rental Time: A Key Competitive Variable II-6
Environmental Rental Cars: A New Craze in the Car Rental
Industry II-7
Regional Market Trends II-7
The United States II-7
Travel Spends II-7
Car Rental Fleet II-8
Table 2: Travel Spending Pattern in the US: 2000-2006 (In
US$ Million) (includes corresponding Graph/Chart) II-8
Table 3: Car Rental Fleet in the US: 2000-2006 (In Million
Units) (includes corresponding Graph/Chart) II-8
Japan II-9
Table 4: Car Rental Fleet in Japan: 2000-2006 (In Million
Units) (includes corresponding Graph/Chart) II-9
Europe II-9
Impact of the Economic Recession and Subsequent Recovery II-10
Car Rental Fleet II-10
Table 5: Car Rental Fleet in Europe: 2001,2005 & 2006 (In
Million Units) (includes corresponding Graph/Chart) II-10
South Africa II-10
Table 6: South African Car Rental Market (2004): Percentage
Market Share Breakdown of Leading Players-Avis, Imperial,
Budget, Hertz and Others (includes corresponding
Graph/Chart) II-10
Table 7: A Peek into Key Statistics in the South African Car
Rental Market (2003-2005) II-11
Table 8: South African Car Rental Fleet (2003-2005): Fleet
Size (In Numbers) & Percentage of Fleet Utilization for the
Years 2003 through 2005 (includes corresponding Graph/Chart) II-11
2. Car Rental Business - An Overview II-12
Introduction II-12
Car Rental Background II-13
Age Restrictions Imposed by Car Rental Companies II-14
Additional Charges Borne By the Customer In Addition to Base
Rental Charges II-14
Collision Damage Waiver (CDW) II-14
Personal Accident Insurance (PAI) II-14
Personal Effects Coverage (PEC) or Personal Effects
Protection (PEP) II-14
Liability Insurance II-14
Refundable Charge II-14
Fuel Charge II-15
Peak Season Surcharge II-15
Out-of-state Charges II-15
Airport surcharges and drop-off fees II-15
Mileage Fees II-15
State and Local Sales Tax II-15
International Tax II-15
Parking tax II-15
Convention Center/Stadium/Sports Arena Tax II-15
Frequent Flier Tax II-15
Additional-driver fees and underage-driver Fees II-15
Equipment-rental Fees II-15
Airport Concession Fees II-15
Reimbursement Fee/Vehicle License Fee/vehicle Excise Fees II-15
Late Fees II-16
Additional Drivers Fees II-16
Young Drivers Fees II-16
Car Rental Business: A Classification by Location & Sector II-16
Car Rental Business by Location II-16
Airport Car Rentals II-16
Non- Airport Car Rentals II-16
Car Rental Business by Sector II-16
Leisure II-16
Business II-16
Insurance Replacement II-16
3. Recent Industry Activity II-17
Hertz Pockets 6 Vehicle Rental Sites II-17
Avis Budget Plans to Acquire Operating Rights for Budget Brands II-17
Enterprise Rent-A-Car Acquires Vanguard II-17
Hertz Acquires Auto Travel II-17
Orbitz Partners with Avis Budget Group II-17
Hertrz India to Expand the Fleet with Luxury Cars II-17
Sixt Introduces its Rental Services in China II-17
Sixt Expands its Presence in Eastern European Market II-18
Eurazeo Acquires Europcar II-18
Northgate Acquires Arriva Vehicle Rental Ltd. II-18
ARC Venture Acquires Advantage Rent-A-Car II-18
Rent-A-Wreck Merges with MBFG, Inc. II-18
Europcar Acquires Keddy Car & Truck Rental II-18
ANZ Bank Sells FleetPartners Unit II-19
Europcar Inks Pact with Mazda Car Rental II-19
Sona Group Enters Indian Car Rental Market II-19
Dollar Thrifty Automotive Undertakes Large Scale Acquisition
Program II-19
Hertz Spreads Out its Operations in Various Locations II-19
Hertz Forays into Indian Leasing Business II-19
ATA Airlines Selects National Car Rental II-20
GE Fleet Services Bags Contract from Akzo Nobel II-20
Alamo Rent a Car Moves to an On-Airport Location II-20
Sixt Partners with European Air Express II-20
Dollar Thrifty Automotive Commences Operations in Washington
DC Airport II-20
National Car Rental Opens Two New Locations II-20
Hertz Opens Yet Another Car Rental Facility in New York II-20
National Car Rental Relocates to New Location II-21
Europcar Spreads Out its Operations in Finland II-21
Ford Sells Hertz Car Rental Business II-21
ING Car Lease Acquires Autoplan II-21
ALD Ventures into Indian Car Rental Market II-21
Thrifty Car Rental Opens New Car Rental Facility in Florida II-21
Thrifty Car Rental and Dollar Rent A Car Opens New Locations
in Ohio II-21
Enterprise Rent-a-Car Bags Car Rental Contract from State of
California II-22
IC Places, Inc. Joins Hands with ACE Rent-A-Car and Fox Rent-
A-Car II-22
HVB Leasing Goes Online II-22
Budget Rent A Car Commences Operations at London's Heathrow
Airport II-22
Zipcar Starts Operations in San Francisco II-22
Sixt Spreads Out its Car Rental Operations in Ukraine II-22
1Car1 Commences a New Branch in Cambridge II-22
Budget Opens a New Office in Bahrain II-23
Vanguard Launches "Navigation Station" in Association with
Motorola II-23
Thrifty Introduces Mitsubishi Pajero Rental Cars in Kuwait II-23
ZipCar Brings a New Revolution with Introduction of Zipcard II-23
Cendant Corp. Acquires Orbitz, Inc. II-23
Dollar Thrifty Automotive Acquires Facilities of Thrifty Car
Rental II-24
Dollar Thrifty Automotive Acquires Facilities of Dollar Rent A
Car II-24
Cendant Acquires ebookers Web Travel Agency II-24
Cendant Acquires Gullivers Travel Associates and
OctopusTravel.com II-24
Fexco Purchases Nova RentaCar II-24
Nissan-Rent-A-Car Spreads Out its Operations in Cebu II-24
Travelocity Joins Hands with American Express for Online
Booking of Car Rentals II-25
Sixt Joins Hands with Brasilia Rent a Car II-25
Dollar Rent A Car Associates with Frontier Airlines Early
Returns Frequent Flyer Program II-25
Enterprise Joins Hands with American Express II-25
Anji Car Rental & Leasing Opens New Branch in China II-25
Thrifty Car Rental Starts Two New Franchise Locations II-26
Payless Starts Four New Franchisees in Mexico II-26
City CarShare Opens Two New Car Rental Locations in San Francisco II-26
Dollar Rent A Car Starts a New Car Rental Locations in Manhattan II-26
Car & Fly Opens a New On-airport Car Rental Location in Munich II-26
Avis Adds New Locations to its Chain of Car Rental Outlets II-26
Payless Commences Six New Franchisees at Leading International
Airports II-27
Payless Car Rental and Payless Car Sales Sign Up Eleven New
Franchise Locations II-27
Payless Opens New Corporate Stores in Las Vegas II-27
Rent Centric Joins Hands with C-Chip II-27
Avis and SBC Communications Team Up to Provide Wi-Fi Service
to Customers II-27
CarPro Enters into Different Agreements with Europcar, Budget
and Hertz II-28
Mazda Motor Divests its Car Rental Business II-28
Thrifty Car Rental to Offer Services to Passengers of Lake
Express High Speed Ferry II-28
Hertz Launches NeverLost®, the GPS navigation system in its
Rental Cars in Calgary II-2

8
Avis and Motorola Start "Avis Assist", A New Mobile Phone-
Based Navigation System II-29
National Car Rental Launches IP VPN for Fast Accessing of
Booking Data II-29
National Car Rental and Alamo Rent A Car Equip Their Vehicles
with XM Satellite Radio II-29
e-Sixt and Tele 5 Commence "Sixt TV" to Start the First TV
Leasing Program II-29
Cendant Starts New Avis and Budget WebLinks for Travel Agents II-30
Enterprise Rent-A-Car Starts a New Website for Corporate Pre-
Flight Rental Car Booking II-30
Enterprise Commences a New "Month or More Rental Plan" Rental
Program II-30
Thrifty Car Rental Introduces the First "Best Rate Guarantee"
program for Online Bookings II-30
Thrifty Car Rental Starts SmartBizTM Program for Small and
Medium Range Businesses II-30
Targarent Commences Last Minute Car Rental Service II-31
4. Focus on Select Global Players II-32
Avis Budget Group, Inc. (USA) II-32
Avis Rent-A-Car System, LLC (USA) II-32
Budget Rent-A-Car System, Inc. (USA) II-32
Dollar Thrifty Automotive Group (DTG) Companies (USA) II-32
Dollar Rent-A-Car (USA) II-32
Thrifty Car Rental (USA) II-33
Enterprise Rent-A-Car (USA) II-33
Vanguard Car Rental USA, Inc. (USA) II-33
Alamo Rent-A-Car (USA) II-33
National Car Rental (USA) II-34
Europcar (France) II-34
Payless Car Rental (USA) II-34
Rent-A-Wreck of America, Inc. (USA) II-34
Sixt Aktiengesellschaft (Germany) II-34
The Hertz Corporation (USA) II-35
5.