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Hertz Car Sales Northwest history
Hertz Car Sales Northwest company history timeline
1918: Walter L. Jacobs starts a car rental business in Chicago with a fleet of 12 cars.
1927: Jacobs sells his Hertz DriveUrSelf System, along with Yellow Truck, to General Motors.
1950: Hertz begins European operations.
General Motors kept the thriving business until 1953 when it was sold to the Omnibus Corporation.
By 1960, the market for rental cars was rapidly expanding, reflecting the expansion of air travel among the general consumer market and the rapid growth of the travel industry as a whole.
The relationship with RCA continued until 1985, when RCA decided to focus on its more traditional product lines and sold Hertz to UAL, Inc., owner of United Airlines, the largest airline in the country.
1985: UAL, holding company of United Airlines, acquires Hertz.
1991: Hertz Technologies subsidiary is established.
Later, in 1994, the state of New York sued Hertz and other rental car companies for refusing to rent vehicles to licensed drivers between the ages of 18 and 25.
In 1994, Ford bought Commerzbank A.G.'s five percent stake in Hertz, thereby raising its own stake to 54 percent and acquiring control of Hertz.
Squeezed between spiraling car costs and competitive pricing, the industry as a whole showed losses of $150 million in 1995.
In 1996, it increased safety features&ndashding anti-lock brakes and airbags in most of its cars--and teamed with Shared Technologies Cellular to offer cell phone rental.
In 1996, the company expanded its used-car sales business, adding lots in almost 40 United States cities of 50 to 60 cars.
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Hertz Car Sales Northwest competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Jerry Seiner Dealerships | 1980 | $19.1M | 70 | 39 |
| SPRADLEY/BARR | - | $35.2M | 100 | - |
| Young Chevrolet | 2011 | $330.0M | 750 | 8 |
| McCluskey Chevrolet | 1973 | $8.5M | 210 | 21 |
| Ken Garff Automotive Group | 1932 | $260.0M | 3,500 | 152 |
| Jeff Wyler | 1973 | $1.5B | 3,000 | - |
| Schomp Automotive Group | 1941 | $150.0M | 400 | 13 |
| Jim Koons Automotive | 1964 | $1.2B | 3,000 | - |
| Byrider | 1989 | $21.3M | 625 | 71 |
| North Coast Auto Mall - Bedford | - | $15.0M | 78 | - |
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Hertz Car Sales Northwest may also be known as or be related to Hertz Car Sales NorthWest and Hertz Car Sales Northwest.