WESTLAKE VILLAGE, CA - J.D. Power and Associates' Power Information Network (PIN) and Driveitaway have formed a strategic alliance that will give franchise dealers online access to six- to nine-month-old rental vehicles still under factory warranty at fixed wholesale prices, eliminating the need for bidding or traveling to a physical auction location.
"Pairing PIN with the Driveitaway platform means more consumers in search of well-maintained, low-mileage used vehicles will be able to find them more quickly, while automotive retailers can match inventory levels with their demand," said John Possumato, founder, president and vice chairman of Driveitaway. "We don't expect to replace used-vehicle auctions, but the bottom-line impact of this remarketing tool is that more vehicles will sell earlier in the cycle to dealers that have identified customer interest."
Franchise automobile dealers in Florida, Arizona, Nevada, and California will be the first in the country to participate in the program. In the Southwest, vehicle supply will come from Steward Ventures, Inc., a National Car Rental and Alamo Car Rental licensee located in Phoenix; Fox Rent A Car, an independent car rental company, headquartered in Los Angeles; and American Loan Masters, a Dollar Rent A Car licensee based in Ridgecrest, Calif.