Car Rental Industry Pricing

September 2010

On

September

23,

2010,

Avis

Budget

Group,

Inc.

posted

the

following

slides

to

its

website.

Filed by Avis Budget Group, Inc.

Commission File No.: 001-10308

Pursuant to Rule 425 under the

Securities Act of 1933, as amended

Subject Company:

Dollar Thrifty Automotive Group, Inc.

Commission File No.: 001-13647

*

*

*

Top 50 Locations - Average Weekend Price Per Day

Midsize Car to be Rented 9/17 - 9/19

$38.88

$38.70

$37.82

$35.16

$33.30

$29.96

$29.02

$27.85

$24.27

10.00

15.00

20.00

25.00

30.00

35.00

40.00

45.00

50.00

$55.00

Hertz Competes Directly with Dollar Thrifty

Note: Rate shops performed 9/3/2010.

2

Top 50 Locations - Average Weekend Price Per Day

Midsize Car to be Rented 9/24 - 9/26

$43.24

$43.20

$39.62

$36.84

$33.62

$31.10

$29.50

$28.41

$26.23

10.00

15.00

20.00

25.00

30.00

35.00

40.00

45.00

50.00

$55.00

Hertz Competes Directly with Dollar Thrifty

Note: Rate shops performed 9/3/2010.

3

Top 50 Locations - Average Weekend Price Per Day

Midsize Car to be Rented 10/1 - 10/3

$50.68

$50.54

$47.84

$41.36

$40.23

$34.13

$32.37

$31.96

$31.61

10.00

15.00

20.00

25.00

30.00

35.00

40.00

45.00

50.00

$55.00

Hertz Competes Directly with Dollar Thrifty

Note: Rate shops performed 9/3/2010.

4

Top 50 Locations - Average Price Per Week

Midsize Car to be Rented 9/17 - 9/24

$307.36

$301.86

$296.72

$271.24

$262.19

$227.52

$222.71

$216.54

$165.60

140.00

160.00

180.00

200.00

220.00

240.00

260.00

280.00

300.00

$320.00

Hertz Competes Directly with Dollar Thrifty

Note: Rate shops performed 9/3/2010.

5

Top 50 Locations - Average Price Per Week

Midsize Car to be Rented 9/24 - 10/1

$341.20

$334.96

$307.18

$287.02

$275.34

$225.08

$218.76

$217.98

$188.04

180.00

200.00

220.00

240.00

260.00

280.00

300.00

320.00

340.00

$360.00

Hertz Competes Directly with Dollar Thrifty

Note: Rate shops performed 9/3/2010.

6

This

presentation

does

not

constitute

an

offer

to

sell

or

the

solicitation

of

an

offer

to

buy

any

securities

or

a

solicitation

of

any

vote

or

approval.

This

presentation

relates

to

a

potential

transaction

involving

Dollar

Thrifty

Automotive

Group,

Inc.

("Dollar

Thrifty")

which

may

become

the

subject

of

a

registration

statement

and/or

proxy

statement

filed

with

the

Securities

and

Exchange

Commission

(the

"SEC").

There

is

no

assurance

that

Avis

Budget

will

enter

into

a

merger

agreement

with

Dollar

Thrifty

or

that

the

potential

transaction

will

be

consummated.

This

material

is

not

a

substitute

for

the

prospectus/proxy

statement

Avis

Budget

Group,

Inc.

(“Avis

Budget”)

may

file

with

the

SEC

regarding

the

potential

transaction

or

for

any

other

document

which

Avis

Budget

may

file

with

the

SEC

and

may

send

to

Avis

Budget

or

Dollar

Thrifty

stockholders

in

connection

with

the

potential

transaction.

INVESTORS

AND

SECURITY

HOLDERS

OF

AVIS

BUDGET

AND

DOLLAR

THRIFTY

ARE

URGED

TO

READ

ANY

SUCH

DOCUMENTS

FILED

WITH

THE

SEC

CAREFULLY

IN

THEIR

ENTIRETY

WHEN

THEY

BECOME

AVAILABLE

BECAUSE

THEY

WILL

CONTAIN

IMPORTANT

INFORMATION

ABOUT

THE

POTENTIAL

TRANSACTION.

Investors

and

security

holders

will

be

able

to

obtain

free

copies

of

any

documents

filed

with

the

SEC

by

Avis

Budget

through

the

web

site

maintained

by

the

SEC

at

www.sec.gov.

Free

copies

of

any

such

documents

can

also

be

obtained

by

directing

a

request

to

Avis

Budget

Group,

Inc.,

Investor

Relations,

6

Sylvan

Way,

Parsippany, NJ 07054.

Avis

Budget

and

its

directors

and

executive

officers

and

other

persons

may

be

deemed

to

be

participants

in

the

solicitation

of

proxies

in

respect

of

the

potential

transaction.

Information

regarding

Avis

Budget's

directors

and

executive

officers

is

available

in

its

Annual

Report

on

Form

10-K

for

the

year

ended

December

31,

2009,

which

was

filed

with

the

SEC

on

February

24,

2010,

and

its

proxy

statement

for

its

2010

Annual

Meeting

of

Shareholders,

which

was

filed

with

the

SEC

on

April

1,

2010.

Other

information

regarding

the

participants

in

a

proxy

solicitation

and

a

description

of

their

direct

and

indirect

interests,

by

security

holdings

or

otherwise,

will

be

contained

in

a

proxy

statement

filed

in

connection

with

the

potential

transaction.

Additional Information and Where to Find It