How it started
History
Dollar Rent A Car was founded in Los Angeles, California, in 1965 by Henry J. Caruso. It was purchased by The Chrysler Corporation for an undisclosed amount on August 15, 1990, and joined Chrysler's Pentastar Transportation Group in Tulsa, Oklahoma. This acquisition merged Dollar Rent A Car with Thrifty Car Rental – forming Dollar Thrifty Automotive Group in 1997. Dollar's focus remained on company-owned rental locations at major airports to service both tourists and leisure rental markets.
Both Dollar Rent A Car and Thrifty Car Rental formed an agreement in 1997 with The SABRE Group, Inc., a leader in electronic distribution systems within the travel industry, to manage the subsidiaries’ routine information processing, system engineering, and reservation management functions in a secure underground facility.
Operating under Dollar Thrifty Automotive Group, Dollar earned US$617.53 million in 1997, with company-owned stores generating 91 percent of revenue, compared to $499.17 million in 1996. By this time, the car rental provider employed a staff of 5,400 as of September 1997. Dollar maintained an average fleet of 61,336 vehicles in 872 locations in 1997, compared to 1995's fleet of 52,571.
2012 – A fleet of 122,000 cars in 470 US locations
The Hertz Corporation announced the company would purchase of Dollar Thrifty Automotive Group for US$2.3 billion (equivalent to $3 billion in 2025) on November 19, 2012.
From Wikipedia’s article on Dollar Rent A Car, shared under CC BY-SA 4.0.2