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Online Platform That Allows Dealers to Purchase Off-term Rental Vehicles at Fixed PricesWESTLAKE VILLAGE, Calif., Aug. 24 -- 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.
"The jointly-developed program provides dealers with direct access to the industry's first intelligent Internet remarketing platform for end-of-term vehicles, allowing dealers to quickly identify and purchase vehicles to stock their lots," said Mike Biwer, vice president of development and operations for PIN. "The concept is similar to the just-in-time department store model in which retailers order precisely what customers are buying now.
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