Avis Budget Group Brings Connected Cars to Europe with Groupe PSA Partnership
May 02 2018 - 9:21AM
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 GroupAvis 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 StatementsThis 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
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