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Avis Budget Group Inc. and TrueCar Inc. announced the signing of a new partnership agreement.
Through this multi-year agreement, those in the market for a used vehicle can access Avis Budget Group's inventory of well-maintained off-rental vehicles through Truecar.com.
Avis Budget Group offers more than 100 makes and models on TrueCar's website from domestic and foreign manufacturers, including BMW, Chrysler, Ford, General Motors, Hyundai, Nissan, Toyota, and Volvo, according to the company.
Vehicles are available for purchase at competitive low prices, and customers can schedule an "ultimate test drive" to experience driving the vehicle of their choice. Ultimate test drives are free-of-charge for two hours or can be as long as three days for a nominal rental fee, according to Avis Budget. If the customer decides to purchase the vehicle, the base rental fee will be refunded after the purchase is completed.
"TrueCar powers car-buying programs for some of the country's largest membership and service organizations, such as USAA, AARP, American Express, AAA, and Sam's Club, and TrueCar's platform receives approximately six million unique visitors per month," said Michael Schmidt, senior vice president of fleet services, Avis Budget Group. "This new partnership exposes our inventory to a much wider audience and serves as a catalyst for vehicle sales growth. We're thrilled to work with TrueCar and continue to drive efficiency throughout our organization as we dispose of vehicles through this new channel."
"We're delighted to have this opportunity to work with Avis Budget Group as it will provide consumers a greater selection of high-quality used vehicles," said Chip Perry, TrueCar’s CEO and president. "Demand for pre-owned vehicles is expanding and becoming a larger part of TrueCar's business."
The TrueCar partnership builds upon Avis Budget's vehicle disposition program for consumers. Avis Budget's consumer car sales program offers buyers a wide selection of late-model Avis and Budget rental vehicles for purchase. Featuring more than 100 vehicles makes and models, the program is available in Arizona, California, Colorado, Florida, Georgia, Illinois, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, North Carolina, Ohio, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.