Overstock.com’s Cars Program has reached an agreement with Enterprise Car Sales, a division of Enterprise Rent-A-Car, to include a selection of the national rental company’s fleet inventory on the Overstock.com Web site.
Enterprise Car Sales has 175 locations throughout the United States, and a sales inventory that typically includes vehicles with 25,000 to 29,000 miles. The Cars Program is the newest addition to Overstock.com’s Web site, and works with auto dealers from across the country to list new and used vehicles.
“Overstock.com’s Cars Program allows car buyers to search nationwide for quality vehicles and connect quickly with the dealers offering them,” says Overstock.com CEO Patrick Byrne. “From the dealers’ point of view, Overstock.com provides high visibility — our Web site currently receives up to 15 million visitors every month. In addition, we’ve set up the Overstock Cars Program in such a way that dealers receive instant text messaged leads directly from consumers. This means that a dealer can actually be in touch with an interested consumer within 30 seconds of the buyer’s expression of interest.”
Popelka emphasized that the Overstock.com is not a dealer, and does not own the inventory. Instead, it provides a highly visible Web site for dealers to utilize in selling their products. Dealers pay Overstock.com a fee for the services.
About Overstock.com
Overstock.com, Inc. (NASDAQ:OSTK) (www.overstock.com) is an online “closeout” retailer offering discount, brand-name merchandise for sale over the Internet. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory liquidation distribution channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ Global Market System and can be found online at http://www.overstock.com/.
About Enterprise Rent-A-Car
Enterprise Rent-A-Car operates more than 878,000 rental and fleet management vehicles worldwide and has annual revenues of $9.04 billion. Last year, Enterprise opened more than 400 new locations, increasing its total locations to more than 7,000. Enterprise is currently number 21 on the Forbes “500 Largest Private Companies in America” list. The company has been recognized by J.D. Power and Associates as ranking highest in customer satisfaction among airport rental car companies. For more information about Enterprise, visit www.enterprise.com.
Overstock.com is a registered trademark of Overstock.com, Inc.