Avis Budget Group Brings Connected Cars to Europe with Groupe PSA Partnership
April 30 2018 - 6:00AM
- 6,000 vehicles already in
service, with a total of 11,000 connected cars expected by year's
end
- Groupe PSA is a leading supplier
of connected vehicles to Avis Budget Group in Europe through the
Peugeot, Citroën and DS brands
PARSIPPANY, N.J., April 30, 2018 (GLOBE NEWSWIRE)
-- Avis Budget Group, Inc. (NASDAQ:CAR) today announced the
addition of 6,000 Peugeot, Citroën and DS vehicles to its connected
car rental fleet in Europe, with an additional 5,000 cars expected
later this year. These vehicles will operate across the Company's
Avis and Budget brands in Austria, Belgium, the Czech Republic,
France, Germany, Italy, Luxembourg, the Netherlands, Portugal,
Spain, Switzerland and the United Kingdom as well as the Maggiore
brand in Italy. Connected cars provide customers with an enhanced
and more personalized experience, while generating operational and
fleet management efficiencies for the Company. Avis Budget Group
expects all of its Peugeot, Citroën and DS vehicles to be connected
by 2020.
"Leveraging the data from both connected cars and
connected travelers enables us to achieve significant cost savings
and margin improvements," said Mark Servodidio, president,
International, Avis Budget Group. "Better information, delivered
automatically and in real-time eliminates or reduces many of the
manual tasks provided by field personnel, resulting in a better
customer experience, a more efficient workforce and better
maintained vehicles."
Part of the Company's commitment to reinventing
the car rental experience is ensuring a seamless line of
communication from the connected fleet to the Avis mobile app, for
example, where travelers can access important information about
their rental, change or upgrade their vehicle, locate their vehicle
and more. Since the Avis mobile app's transformative launch in July
2016, usage has grown to over 1.25 million transactions from more
than 360,000 unique customers, and has increased customer
satisfaction ratings by 20%.
Avis Budget Group will have more than 100,000
connected cars globally this year and has committed to operating a
fully connected global fleet by 2020. As part of this effort,
earlier this year, Avis Budget Group commenced installations of
50,000 Unified Telematics Platform (UTP) devices, provided by I.D.
Systems, more than doubling the Company's existing fleet of
connected vehicles. Last month, the Company announced it had
partnered with Toyota Motor Company to deploy 10,000 connected
vehicles across the United States in 2018.
About Avis Budget
Group
Avis Budget Group, Inc. is a leading global provider of mobility
solutions, both through its Avis and Budget brands, which have more
than 11,000 rental locations in approximately 180 countries around
the world, and through its Zipcar brand, which is the world's
leading car sharing network, with more than one million members.
Avis Budget Group operates most of its car rental offices in North
America, Europe and Australasia directly, and operates primarily
through licensees in other parts of the world. Avis Budget Group
has approximately 31,000 employees and is headquartered in
Parsippany, N.J. More information is available at
www.avisbudgetgroup.com.
Forward-Looking
Statements
This press release contains certain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to known and unknown risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied by such statements. Such risks and
uncertainties include, but are not limited to, the anticipated
benefits of connected vehicles and the anticipated timing of when
the Company will have connected vehicles in its fleet. In light of
these risks, uncertainties, assumptions and factors, the
forward-looking events discussed in this press release may not
occur. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date stated,
or if no date is stated, as of the date of this press release.
Important assumptions and other important factors that could cause
actual results to differ materially from those in the
forward-looking statements are specified in Avis Budget Group's
Annual Report on Form 10-K for the year ended December 31, 2017,
and in other filings and furnishings made by the Company with the
SEC from time to time. The Company undertakes no obligation to
release publicly any revisions to any forward-looking statements,
to report events or to report the occurrence of unanticipated
events.
Contact:
Alice Pereira
(973) 496-3916
PR@avisbudget.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Avis Budget Group, Inc. via Globenewswire
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