Enterprise Holdings – which owns and operates the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands – registered strong revenue growth in its fiscal year 2013. The company and its affiliate Enterprise Fleet Management generated $16.4 billion in revenue.
Fiscal 2013 results further strengthened Enterprise Holdings’ position as the world’s largest car rental company as measured by revenue, fleet and employees. In addition, the Enterprise, Alamo and National brands – continuing to build on the company’s customer-service legacy – swept the top three J.D. Power and Associates spots for car rental satisfaction during fiscal 2013.
“This past year was one of our best ever,” said Enterprise Holdings president and chief executive officer, Pamela M. Nicholson – only the third CEO in the company’s 56-year history and the first to come from outside the Taylor family, succeeding Andrew C. Taylor, who is now Executive Chairman.
Enterprise Holdings remained focused on delivering a total transportation solution to individuals and companies alike throughout the fiscal year, which ended July 31. “Our comprehensive suite of businesses, from car and truck rental to car sharing and car sales, provided a solid business foundation and prepared us for new opportunities, technologies and lines of businesses,” Nicholson stated.
She also credits the company’s strong culture and responsible approach to growth. “For example, one of our major priorities is maintaining fleet flexibility in a thoughtful and strategic way,” Nicholson explained. “We constantly work to adjust the number of rental vehicles based on peak travel times, natural disasters and other external factors that influence customer demand – and all without dramatically impacting our financial results.”
The company’s global network continued to expand in Latin America and the Caribbean, Europe and Asia-Pacific. Between corporate-owned locations in the U.K., Ireland, Germany, France and Spain and its rapidly expanding franchise network, the Enterprise Rent-A-Car brand now has a presence in more than 90 percent of the European rental market.
In total, the annual revenues of Enterprise Holdings and Enterprise Fleet Management rank near the top of the travel industry, ahead of many airlines and most cruise lines, hotels, tour operators and online travel agencies. These combined revenues make Enterprise the 14th largest private company in the U.S. and, if it were a public company, also would place it as number 174 on the Fortune 500 list.