Carsharing Association comments on Avis acquisition of Zipcar

FOR IMMEDIATE RELEASE January 7, 2013 The CarSharing Association (CSA) comments on Avis acquisition of Zipcar SAN FRANCISCO (January 7, 2013) — The recent Avis Budget Group acquisition of Zipcar is the latest of a number of significant transactions where the large multinationals are buying up smaller carsharing companies. In both North America and Europe, the carsharing business model was pioneered by local community-oriented organizations responding to consumer demand for a different kind of relationship with automobile transportation. Now larger corporate entities such as Avis, Enterprise, Hertz, and Daimler are recognizing the value of the carsharing business and making investments to get involved. The CarSharing Association (CSA) welcomes these new market participants, as their contributions are expected to increase the profile of the carsharing concept with the general public, foster innovation in service delivery, and increase competition beneficial to consumers. The CSA also encourages new entrants to the carsharing business to adhere to the industry’s Code of Ethics & Standards of Practice to ensure that communities and carsharing members receive the affordability, convenience and environmental benefits that carsharing provides. The Code of Ethics & Standards of Practice can be found on the CSA website at www.carsharing.org. About The CarSharing Association The CarSharing Association works to maximize the environmental and social impact of the carsharing industry. Member-organizations are committed to providing sustainable, transit-oriented urban mobility for the benefit of the communities that they serve. For more information, visit www.carsharing.org. Media Release Notes For media inquires, please contact:   Alan Woodland The CarSharing Association alan@carsharing.org (604) 688-4968  

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