DTG Operations, Inc. and FleetMax Partner to Enhance Inventory Options For Thrifty Car Sales Dealers
Custom Program Offers Opportunity to Expand Inventory
TULSA, Okla., Feb. 23 -- DTG Operations, Inc., a subsidiary of Dollar Thrifty Automotive Group, Inc. and FleetMax, the largest registered importer and one of the largest wholesalers of used vehicles in the U.S., today announced a strategic alliance to provide Thrifty Car Sales dealers with access to broader inventory.
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"DTG's alliance with FleetMax enhances our existing vehicle supply program by offering access to an even wider range of vehicles, including specialty and hard-to-find vehicles," said DTG Senior Executive Vice President and Thrifty Car Sales President R. Scott Anderson. "It also offers competitive advantages that we believe give our dealers even greater opportunities for success and improved profitability."
Through this custom program, qualified Thrifty Car Sales dealers will benefit from a 7-day return policy and can participate in a guaranteed 60-day buy-back program, creating what FleetMax President, Frank Stephens, calls a virtually 'no risk' opportunity. "Dealers have up to 7 days to inspect a vehicle; if it's not as described by us, we'll make it right. And under our 60-day buy-back program, if a vehicle doesn't sell in 60 days, we'll buy it back at a predetermined price."
Thrifty Car Sales dealers also receive 21-day extended payment terms that, according to Stephens, provide a creative way to increase inventory without impacting the dealer's existing floor plan. "Inventory turn is critical to maximizing dealership profitability. Including this feature in the Thrifty Car Sales program is one way we can acknowledge and reward dealers who consistently manage their inventory turn, yet it also provides flexibility for times when a vehicle just doesn't sell," Stephens said.
FleetMax also will certify vehicles under the Thrifty Certified program, making the vehicle ready for sale upon arrival and creating an opportunity to pre-sell the vehicle before it arrives. As an added convenience, pre- negotiated truckload freight rates are also available.
Dollar Thrifty Automotive Group, Inc. 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 in approximately 70 countries. Its car sales division, Thrifty Car Sales, offers quality late model, low mileage Thrifty Certified vehicles to retail customers nationwide. For additional information about Thrifty Car Sales, visit www.thriftycarsales.com . For additional information about DTG, visit www.dtag.com .
FleetMax (www.fleetmax.com ), headquartered in Indianapolis, Indiana, is privately held and is the largest registered importer and one of the largest wholesalers in the U.S. FleetMax currently has distribution centers in Florida, Nevada, Texas, Oregon, Missouri and Virginia.
Some of the statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Dollar Thrifty Automotive Group, Inc. believes such forward-looking statements are based upon reasonable assumptions, such statements are not guarantees of future performance and certain factors could cause results to differ materially from current expectations. These factors include: price and product competition; economic and competitive conditions in markets and countries where the companies' customers reside and where the companies and their franchisees operate; air line travel patterns; changes in capital availability or cost; costs and other terms related to the acquisition and disposition of automobiles and conducting business; and certain regulatory and environmental matters. Should one or more of these risks or uncertainties, among others, materialize, actual results could vary from those estimated, anticipated or projected. Dollar Thrifty Automotive Group, Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
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