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Thrifty Car Rental was established in 1958. [ 2 ] [ 3 ] The company completed an initial public offering (IPO) of common stock in 1987. It would grow in size by purchasing Ohio-based Snappy Car Rental for US$ 40,000,000 (equivalent to $98,319,463 in 2023) in May 1989.
Along with car, truck, and crossover rental services, Dollar Rent A Car provides ski racks, child safety seats, navigation, and operational support to renters. [38] As of February 2017, Dollar Rent A Car and Thrifty Car Rental maintained 1,500 franchised branches, 840 of which are in the United States and Canada. [39] [40]
Dollar Thrifty Automotive Group is the former holding company of Thrifty Car Rental and Dollar Rent A Car.Dollar Thrifty Automotive began to operate as an independent car rental subsidiary of the Chrysler Corporation on November 4, 1997 while continuing to support its two brands, Dollar Rent A Car and Thrifty Car Rental.
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He founded Dollar Rent-A-Car in 1966 as Dollar A Day Rent A Car. [6] After opening five locations, he was determined to open lucrative airport locations; however the "big three" car rental companies, Hertz , Avis and National , had already established locations in airports and made it difficult for the new company to enter the market.
In 1997, Chrysler spun of its car rental subsidiary into a separate company - the Dollar Thrifty Automotive Group. [13] Cappy was chairman and CEO of Dollar Thrifty until his retirement in 2003. [ 14 ]