SOURCE: The Hertz Corporation

May 13, 2008 09:16 ET

Hertz Rolls Out Scores of New Locations in Suburban Market Expansion

PARK RIDGE, NJ--(Marketwire - May 13, 2008) - During the first quarter of 2008, The Hertz Corporation opened 81 new off-airport / 52 Hertz Local Edition rental car facilities in dozens of towns across the United States, from New York to California, as part of a company-wide strategy to continue expanding into suburban markets.

This significant growth confirms Hertz' commitment to serving customers seeking to rent cars for insurance replacement, business trips, vacations and everyday purposes. Situated in key markets across the country, Hertz Local Edition facilities have been opened in such locales as Sedona, AZ; Bowling Green, KY; Owensboro, KY; Lima, OH; Springfield, OH; Johnstown, OH; Waco, TX; Abilene, TX; Stillwater, OK; Flemington, NJ; Egg Harbor, NJ.

"The off-airport, suburban market is a $10 billion market and Hertz is achieving double-digit revenue growth the market, fulfilling customers' insurance replacement, leisure and business travel needs," commented Mark P. Frissora, Chairman and Chief Executive Officer for The Hertz Corporation. "The off-airport market is growing faster than the airport market and represents more than 10% of Hertz's revenues. This market is a significant growth sector for Hertz as it's less susceptible to seasonal volatility and economic cycles. Hertz has been aggressively expanding its network footprint within the off-airport market and the 81 new openings in the first quarter represent a major milestone in meeting our goal of opening up 150 - 200 new locations during 2008."

Serving the insurance replacement industry for almost 10 years, Hertz currently has more than 1,600 off-airport locations that reach customers in the top 50 metropolitan areas and is a recognized supplier to more than 160 of the largest 200 insurance companies. As part of a major corporate initiative, Hertz has plans to open approximately 200 new locations throughout the country with a goal of opening three new Local Edition locations each week in 2008. As with all Hertz corporate locations, Hertz Local Edition provides customers with a full range of rental vehicles, including compact through full-size cars and SUVs, pickup and drop-off service, insurance replacement rentals, and Hertz #1 Club Gold® counter service. In addition, vehicles are available for rental with unlimited mileage and all rate structures are honored, including one-way, inter-city rates.

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc. (NYSE: HTZ), is the world's largest general use car rental brand, operating from approximately 8,100 locations in 147 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 69 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa, Asia, and the Middle East. Product and service initiatives such as Hertz #1 Club Gold, Hertz NeverLost® customized, onboard navigation systems, SIRIUS Satellite Radio, and unique cars and SUVs offered through the company's Prestige, Fun and Green Collections, set Hertz apart from the competition. Hertz also operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation (www.hertzequip.com), offering a diverse line of equipment, including tools and supplies, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers through more than 360 branches in the United States, Canada, France and Spain.

Contact Information