Dollar Thrifty Automotive Group Selects ATC-Onlane to Offer Rental Fleet to Dealers Online
ATC-Onlane Helps Rental Car Leader Drive Down Remarketing Costs, Improve Fleet Utilization
MENLO PARK, Calif.--(BUSINESS WIRE)--ATC-Onlane, the leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles, today announced that Dollar Thrifty Automotive Group, Inc. (NYSE:DTG) has started to sell its rental fleet on ATC Open. By using ATC Open, Dollar Thrifty Automotive Group will be able to tap into a national audience of wholesale buyers as well as reduce costs associated with selling rental fleet inventory. In addition, Dollar Thrifty will offer its fleet vehicles to Chrysler dealers via the car manufacturer's internal online auction, DC Online, which is powered by ATC-Onlane.
ATC-Onlane helps companies ease the burden of selling fleet vehicles through a streamlined process that lowers overall costs and garners a quicker turnaround on sales. Unlike traditional remarketing methods, ATC Open and DC Online will allow Dollar Thrifty Automotive Group to immediately offer its fleet vehicles after the final rental check in to a nationwide network of dealers, resulting in considerably less down time and better overall inventory utilization.
"ATC-Onlane's expertise and industry track record made it the perfect partner for to us to work with in order to establish a fast and convenient upstream online channel to sell our fleet vehicles," said Mario Nargi, vice president of Fleet Services, Dollar Thrifty Automotive Group. "By using ATC Open and DC Online, we gain immediate access to a nationwide marketplace. As a result of this partnership, we fully expect to reduce our operational costs, re-market our vehicles faster and increase our overall fleet sales."
Broader Inventory for Dealers
The Dollar Thrifty Automotive Group program on ATC Open and DC Online allows dealers to select from its complete, nationwide inventory that spans a variety of manufacturer makes and models. To make purchasing Dollar Thrifty Automotive Group inventory even easier for dealers, both ATC Open and DC Online provide detailed vehicle profiles, including the Vehicle Identification Number (VIN), manufacturer, year, make, model, mileage, color and grounding location. Additionally, some units available on ATC Open and DC Online may qualify for Certified Pre-owned Programs when they are subsequently sold by a franchisee of the appropriate manufacturer.
"The ability to access Dollar Thrifty inventory through an online auction will be incredibly convenient and will allow me to better manage the inventory I carry on my lot," said Johnny Farrell, general manager, Larry Green Chrysler Dodge Jeep in Blythe, Calif. "Furthermore, I don't have to worry about the condition of the cars when they arrive because Dollar Thrifty is an extremely reliable source for high-quality vehicles."
"We are very enthusiastic about the addition of Dollar Thrifty Automotive Group inventory to ATC Open and are pleased to help this industry remarketing leader create a faster and more cost-effective way to sell its rental fleet inventory," said Clive Kinross, senior vice president, ATC-Onlane. "Moreover, our nationwide network of dealers can choose from a multitude of makes and models within the Dollar Thrifty Automotive Group portfolio, which will improve their ability to find the right cars to fill their lots."
About Dollar Thrifty Automotive Group, Inc.
Dollar Thrifty Automotive Group, Inc. (DTG) is a Fortune 1000 company headquartered in Tulsa, Oklahoma. Driven by the mission, "Value Every Time," the company's brands, Dollar Rent A Car and Thrifty Car Rental, serve value-conscious travelers from more than 1,475 locations in 70 countries, including 836 corporate and franchised locations in the United States and Canada. The Dollar or Thrifty brands operate in virtually all of the top U.S. airport markets; both brands operate in all of the top Canadian airport markets. The company's more than 8,500 employees are located mainly in North America, but global service capabilities exist through an ever expanding franchise network. The common stock is listed on the New York Stock Exchange under the ticker symbol DTG.
About ATC-Onlane
ATC-Onlane, Inc. is the leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles. The company offers proven, end-to-end auto remarketing solutions to auto manufacturers, captive finance companies, lease and daily rental companies, financial institutions and wholesale auto auctions throughout the United States and Canada. Since 1999, ATC-Onlane's products and services have enabled customers to reduce cycle times, costs, and achieve greater profitability.
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