Avis Budget (CAR), AutoNation (AN) Enter Used Car Sales Program

June 20, 2012 10:04 AM EDT
Avis Budget Group, Inc. (Nasdaq: CAR) today introduced the Ultimate Test Drive, a new program designed to respond to consumer demand for the purchase of well-maintained used cars. The initiative, in collaboration with AutoNation, Inc. (NYSE: AN), America's largest automotive retailer, will offer consumers a wide selection of late-model Avis and Budget rental vehicles for purchase at competitive prices.

The program is currently available in Arizona, California, Colorado, Florida and Nevada and will be expanding to additional states in the coming months. Customers can shop online at www.avis.com or www.budget.com and schedule their "ultimate test drive" to enjoy the full experience of driving a vehicle of their choice, ranging from a MINI Cooper to a Jeep Wrangler or a gas/electric hybrid. The ultimate test drives are free-of-charge for two hours or can be as long as three days for a nominal rental fee. If the customer decides to purchase the vehicle, the base rental fee will be refunded after the purchase is completed through AutoNation Direct.


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