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National was founded by 24 independent rental car agents on August 27, 1947. It had grown from 60 locations in the United States in 1947 to over 2000 locations internationally as of 2005 [update] . In 1987, Paine Webber , a historical American brokerage firm , gained majority ownership of National.
A car rental, hire car or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few weeks. It is often organized with numerous local branches (which allow a user to return a vehicle to a different location), and primarily located near airports or busy city areas and ...
The American Car Rental Association operates on behalf of the U.S. car rental business by: (a) lobbying on the state and federal level, (b) analyzing and reporting on federal, state and local laws, (c) educating its membership about recent developments in public policy and court decisions, (d) providing appropriate services as needed to support these goals and organizing and (e) participating ...
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A consolidated rental car facility (CRCF) or consolidated rental car center (CONRAC) is a complex that hosts numerous car rental agencies, typically found at airports in the United States. The most important incentives for building consolidated facilities are greatly reduced traffic congestion in airport pick up and drop off areas and increased ...
The company was founded in 1963 by Kenneth and Helen Walker as "$3.99 Car Rentals" and quickly expanded by purchasing several different car rental companies. In 1984, the various car rental brands were consolidated under the name Advantage Rent a Car. The Walker family sold the company in 2006, and by 2008, it was bankrupt.