OPENLANE: Avis Budget Venture Experiences Exponential Growth

Avis Budget Group and OPENLANE, Inc., recently reported that the companies' joint wholesale used vehicle online auction initiative has generated exponential sales growth since being launched more than a year ago, with increasing growth in the past six months.

Avis Budget Group has already sold more vehicles online during the first quarter of 2008 than it sold online in all of 2007, the OPENLANE reports. Avis Budget Group is the first car rental company to work in conjunction with OPENLANE, an online automotive company in North America enabling automobile dealers to buy and sell wholesale used vehicles prior to removal from the company's rental fleet.

Through OPENLANE, Avis Budget Group rental vehicles remain in service until the sale is near completion, significantly reducing the time typically required to remarket inventory.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

6 Takeaways from the 2018 International Car Rental Show

Technological solutions are finally moving from reality to theory, peer-to-peer platforms are being redefined, China has the biggest room for growth, while Sixt’s U.S. aspirations have only just begun.

The Irony of Customer Service in the Digital Age

Sure, any company would jump at the chance to use technology to reduce labor costs. But it also comes with some big, red, flashing warning lights.

Market Forces Driving Car Rental in 2018

An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.

Job Finder: Access Top Talent. Fill Key Positions.

>