eBay Program Allows Vehicle Sellers to Go to Select Pep Boys' Locations for Comprehensive Inspection Report

    PHILADELPHIA--March 31, 2003--The Pep Boys - Manny, Moe & Jack , the nation's leading full-service, automotive aftermarket chain, today announced that it will launch a pilot vehicle inspection program in 241 stores in California, Texas and Florida as part of a new relationship with eBay Inc. The program is expected to launch in April.
    As part of the agreement, Pep Boys will perform a comprehensive mechanical and appearance inspection as well as perform requested repairs on any passenger vehicle that a customer wishes to sell on eBay Motors. Once the inspection is completed, the seller will be provided with an electronic Vehicle Condition Report that will be posted with the seller's vehicle listing for viewing by any of eBay Motors' nearly eight million users. As an added value for eBay users, anyone purchasing a vehicle inspection or a vehicle through eBay Motors will receive a preferred discount good on merchandise and service at Pep Boys.
    Pep Boys Chairman & CEO Mitchell G. Leibovitz made the following comment: "We are thrilled to establish this relationship with eBay and eBay Motors and eagerly await the launch of our pilot vehicle inspection program."
    "We wanted this service to be as easy as possible for our buyers, so the fact that Pep Boys has convenient hours for their customers, more than 6,500 company operated service bays and the ability to service all makes and models of vehicles, made Pep Boys the best choice for us," said Stephanie Tilenius, vice president and general manager, eBay Motors.
    Based on the interest in this program, the parties expect to roll it out to the remaining 33 states that are served by Pep Boys this summer.

    About Pep Boys:

    Pep Boys has 629 stores and over 6,500 service bays in 36 states and Puerto Rico. Along with its vehicle repair and maintenance capabilities, the company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling 1-800-PEP-BOYS or by visiting pepboys.com.

    Notes: Certain statements made herein, including those discussing management's expectations for future periods, are forward-looking and involve risks and uncertainties. The Company's actual results may differ materially from the results discussed in the forward-looking statements due to factors beyond the control of the Company, including the strength of the national and regional economies and retail and commercial consumers' ability to spend, the vibrancy of the various sectors of the market that the Company serves, the weather in geographical regions with a high concentration of the Company's stores, competitive pricing, location and number of competitors' stores and product and labor costs. Further factors that might cause such a difference include, but are not limited to, the factors described in the Company's filings with the Securities and Exchange Commission.