Avis Budget Group Celebrates Milestone in Used Car Sales Program for Automobile Dealers
September 29 2015 - 11:00AM
Avis Budget Group, Inc. (NASDAQ:CAR) today announced that more than
3,000 dealers have registered to date to participate in Avis
Direct, the Company's used-car sales program designed exclusively
for licensed automobile dealers. Launched in February 2014, Avis
Direct provides dealers with a dedicated website which offers for
purchase a wide selection of late-model, off-rental vehicles from
Avis, Budget, Payless and Zipcar — with no enrollment or purchase
fees.
"Avis Direct was designed to provide dealers with a direct,
easy, fast and no-fee way to purchase our high-quality used
vehicles, while providing us with a way to maximize the financial
return from our vehicle sales and minimize our fleet costs," said
Michael Schmidt, senior vice president of fleet services, Avis
Budget Group. "We're excited that, in less than two years, more
than 3,000 dealers have enrolled in the program. The initiative is
proving to be a great alternative distribution channel for vehicle
disposition, and a success in terms of our strategic goal of
driving efficiency throughout the organization."
Avis Direct enables automobile dealers to purchase Avis Budget
Group's used vehicles at many locations across the United States.
Dealers also benefit from online photos and independent third-party
condition reports. Regional consultants are available to assist
with the purchase process. For more information, dealers should
visit www.avisdirect.com or call 1-855-Buy-Avis
(1-855-289-2847).
About Avis Budget Group
Avis Budget Group, Inc. is a leading global provider of vehicle
rental services, both through its Avis and Budget brands, which
have more than 10,000 rental locations in approximately 175
countries around the world, and through its Zipcar brand, which is
the world's leading car sharing network, with more than 900,000
members. Avis Budget Group operates most of its car rental offices
in North America, Europe and Australia directly, and operates
primarily through licensees in other parts of the world. Avis
Budget Group has approximately 30,000 employees and is
headquartered in Parsippany, N.J. More information is available at
www.avisbudgetgroup.com.
CONTACT: Alice Pereira
(973) 496-3916
PR@avisbudget.com
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