is a Paris
based car rental
company owned by the French investment company Eurazeo
, after its sale by the Volkswagen
group in June 2006. The company was founded in Paris in 1949. Europcar today operates a fleet of over 200,000 vehicles at 2,825 locations in 143 different countries covering Europe
, North America
, The Middle East
, Latin America
, the Indian Ocean
, the Caribbean
and Asia Pacific
While Europcar is an international car rental company, the brand is best recognized in the larger European economies, particularly, Germany, France and the UK. Their core markets are in leisure and corporate rentals.
As part of a cost-cutting strategy, Volkswagen chose to divest from its Europcar holdings. On June 1, 2006, the sale of Europcar to French investment company Eurazeo was completed.
In 2007 Europcar purchased Vanguard EMEA for €670 million. Vanguard EMEA is the operator of National car rental and Alamo Rent A Car in Europe. As part of this purchase a partnership was made for any business that Europcar would send to North America it would be directed to National Car Rental, instead of their previous North American Partner Thrifty Car Rental.