ANC Rental Corporation, parent of Alamo Rent A Car and National Car Rental, has signed an agreement with Autodaq Corporation to remarket Alamo and National rental cars via Autodaq's online Open Auction.
"We've recently been increasing the percentage of 'risk' vehicles in our Alamo and National rental car fleets," said Michael B. Schmidt, vice president - fleet for ANC Rental Corporation. "To help remarket this greater number of vehicles faster and at lower cost, we looked to augment our traditional remarketing channels with an Internet channel. We found that the Autodaq system was easy to use and exposes our vehicles to a large number of prospective buyers, particularly in the Southeast and on the West Coast where we have our strongest remarketing presence."
"We're pleased that ANC Rental Corporation, one of the top names in the rental car business, has chosen the Autodaq Open Auction as an Internet remarketing channel for its vehicles," said Adam Boyden, president and CEO of Autodaq. "Based on the success of our brief pilot program with Alamo and National cars, it's safe to say that these vehicles are proving to be highly sought after by dealers in our online auction."
About ANC Rental Corporation
ANC Rental Corporation, headquartered in Fort Lauderdale, Fla., is one of the world's largest car rental companies with annual revenue of approximately $3.5 billion in 2000. ANC Rental Corporation, the parent company of Alamo and National, has more than 3,000 locations in 69 countries and employs approximately 19,000 associates worldwide.
About Autodaq Corporation
Autodaq Corporation (www.autodaq.com) is an automotive remarketing company that provides the infrastructure and technology to facilitate the business-to-business trade of used cars on the Internet, as well as services that include remarketing management, lease maturity management and sales and leadership training.
