įleet sizes and locations in the United States: By the end of the 1997 fiscal year, Dollar Thrifty Automotive maintained 872 locations in the United States and employed a staff of 5,400. On December 23, 1997, Chrysler spun off its car rental operations into the Dollar Thrifty Automotive Group with an IPO, as part of an effort to reduce operating expenses at Chrysler. In September 1994, Chrysler would sell Snappy Car Rental to a group of investors. A few months later, Chrysler would also purchase Dollar Rent A Car. īy the end of 1989, the company was acquired by the Chrysler Corporation for US$263 million (equivalent to $621 million in 2022) and merged into the company's Pentastar Transportation Group. It would grow in size by purchasing Ohio-based Snappy Car Rental for US$40 million in May 1989. The company completed an initial public offering (IPO) of common stock in 1987. Thrifty Car Rental was established in 1958. Thrifty typically caters to budget-conscious leisure travelers. Thrifty is owned by The Hertz Corporation, along with other agencies including Hertz Rent A Car and Dollar Rent A Car. Thrifty Car Rental is an American car rental agency, headquartered in Estero, Florida, with offices in many countries around the world.
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