ANC filed for bankruptcy a year later ; its properties were sold to Vanguard Automotive Group ( controlled by Cerberus Capital Management ) in 2003 .
AutoNation spun off its car rental properties as ANC Rental in 2000 .
ANC Rental filed for bankruptcy a year later ; ANC Rental 's properties were sold to Vanguard Automotive Group ( controlled by Cerberus Capital Management ) in 2003 .
AutoNation spun off its car rental properties as ANC Rental in 2000 .