The CarSharing Association (CSA) Comments on Avis Acquisition of Zipcar

  The CarSharing Association (CSA) Comments on Avis Acquisition of Zipcar

Business Wire

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.

Contact:

The CarSharing Association
Alan Woodland, 604-688-4968 (Media)
alan@carsharing.org