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Avis Budget Is Betting Zipcar and Ride-Hailing Apps Will Put a Dent in Car Ownership

Dennis Schaal photo
Dennis Schaal

Photo Credit: A Zipcar with Manhattan in the background. Zipcar

Skift Take

The Avis Budget CFO said its core business and Zipcar haven't felt a major impact from ride-hailing apps such as Uber and Lyft. When the punch eventually comes it could be Zipcar that takes the body blow.

Avis Budget Group CFO David Wyshner acknowledges that its Zipcar car-sharing unit and Uber compete "for a small portion of each others' trips," and he cited a ride from a city center to a Costco as a relevant example. But Wyshner, speaking at the Deutsche Bank 23rd Annual Leveraged Finance Conference in Scottsdale, Arizona September 29, sees an opportunity in the combination of ride-hailing apps such as Uber and Zipcar in making it practical for urban dwellers to go without owning a car. That is consistent with the vie

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