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National Car Rental is an American
rental car A car rental, hire car, or car hire agency is a company that rents automobile A car (or automobile) is a wheeled motor vehicle Electric bicycles parked in Yangzhou's main street, Wenchang Lu. They are a very common way of transport in thi ...
agency based in
Clayton, Missouri Clayton is a city in and the county seat, seat of St. Louis County, Missouri. It borders the city of St. Louis. The population was 15,939 at the 2010 United States Census, 2010 census. Organized in 1877, the city was named after Ralph Clayton, who ...
, United States. National is owned by
Enterprise Holdings Enterprise Holdings, Inc. is an American private holding company headquartered in Clayton, Missouri in Greater St. Louis. It is the parent company of car rental agencies Enterprise Rent-A-Car, National Car Rental, Alamo Rent a Car and also opera ...
, along with other agencies including
Enterprise Rent-A-Car
Enterprise Rent-A-Car
, and
Alamo Rent a Car Alamo Rent a Car is a car rental A car rental, hire car, or car hire agency is a company that rents automobile A car (or automobile) is a wheeled motor vehicle used for transportation. Most definitions of ''cars'' say that they run prim ...
. National typically caters to
business travel Business travel is travel Travel is the movement of people between distant geographical location In geography Geography (from Greek: , ''geographia'', literally "earth description") is a field of science devoted to the study o ...
ers through its Emerald Club loyalty program that allows frequent customers to pick their own vehicles without stopping to fill out forms or deal with customer representatives.


Overview

National was founded by 24 independent rental car agents on August 27, 1947. It had grown from 60 locations in the
United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

United States
in 1947 to over 2000 locations internationally . In 1987,
Paine Webber PaineWebber & Co. was an American Investment banking, investment bank and brokerage firm, stock brokerage firm that was acquired by the Swiss bank UBS in 2000. The company was founded in 1880 in Boston, Massachusetts, by William A. Paine, William A ...
, a historical
American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the United States The United States of America (USA), commonly known as the United States (U.S. or US), or America, is ...

American
brokerage firm A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be conf ...
, gained majority ownership of National. In 1995, National was owned by an investment group containing William Lobeck of Tulsa,
Alvin Swanner Alvin may refer to: * Alvin (given name) In places: *Alvin, British Columbia, Canada *Alvin, Colorado *Alvin, Georgia *Alvin, Illinois *Alvin, Michigan *Alvin, Texas *Alvin, Wisconsin, a town *Alvin (community), Wisconsin, an unincorporated communi ...
of New Orleans, and Archer McWhorter of Houston. Lobeck was a former president of Chrysler's car rental unit and a former owner of
Thrifty Rent A Car 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, Chrysler Corporation on November 4, 1997 ...
, a competitor of National. It was later sold in 1995 at an estimated price of $1 billion. In 1996, National acquired the Canadian fleet and operations of
Tilden Rent-a-Car Tilden Rent-a-Car, later known as Tilden InterRent, was a Canada, Canadian car rental company that was founded by Sam Tilden. Its fleet was sold by the Tilden family to National Car Rental of the United States in June 1996. History Origin In 1925, ...
. In 1996, National was acquired by Republic Industries (later renamed
AutoNation AutoNation is an American automotive retailer based in Fort Lauderdale which provides new and pre-owned vehicles and associated services in the United States. The company was founded by Wayne Huizenga Harry Wayne Huizenga Sr. (; December 29, 1 ...
). AutoNation spun off its car rental properties as
ANC Rental ANC Rental Corporation (“ANC Rental”) was a Delaware Delaware ( ) is a state in the Mid-AtlanticMid-Atlantic or Mid Atlantic can refer to: *The middle of the Atlantic Ocean *Mid-Atlantic English, a mix between British English and Amer ...
in 2000. ANC filed for bankruptcy a year later; its properties were sold to
Vanguard Automotive Group Vanguard Automotive Group was a vehicle rental company based in Tulsa, Oklahoma, USA. Vanguard purchased ANC Rental, owner of National Car Rental and Alamo Rent A Car. It had a fleet of nearly 300,000 vehicles, mainly from Ford and Chrysler, and op ...
(controlled by
Cerberus Capital Management Cerberus Capital Management, L.P. is an American private equity firm,Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Quayle, Chairman, Cerberus Global Investments, LLC". specializing in distressed investing. ...
) in 2003. On August 1, 2007 assumed control of Vanguard Automotive Group.


References


External links


National Car Rental official web site
{{Authority control Retail companies established in 1947 Transport companies established in 1947
National National may refer to: Common uses * Nation A nation is a community of people formed on the basis of a common language, history, ethnicity, or a common culture, and, in many cases, a shared territory. A nation is more overtly political than an ...
Private equity portfolio companies Enterprise Holdings Car rental companies of the United States