More Consolidation in Rental Industry as Enterprise Buys Vanguard

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Con­sol­i­da­tion goes on in the rental indus­try as Enter­prise Rent-a-Car announced its pur­chase of a small­er rival, Van­guard Car Rental. Van­guard owns the Alamo and Nation­al brands and spe­cial­izes in serv­ing cor­po­rate cus­tomers at major air­port loca­tions. Enter­prise has a fleet of about 880,000 vehi­cles in 7,000 loca­tions.