Reynolds and Reynolds, NADA Offer e-business Management Guide
DAYTON, Ohio--Jan. 24, 2001--Workbook Helps Auto Retailers to be Efficient, Achieve Success With
Current and Future e-business Investments
In conjunction with The Reynolds and Reynolds Company , the National Automobile Dealers Association (NADA), today announced the release of the latest NADA management guide, The Internet, e-Commerce, and Web-Enabled Business. Reynolds served as the content and subject matter experts in the production of this guide.
The purpose of the management guide is to assist automotive retailers in using the Internet in order to be as efficient as possible in dealership operations. The information in the guide goes beyond the technology needed for creating strong e-business and focused on the underlying business principles and processes of using the Internet, e-commerce, Web-enabled business and other tools in the dealership.
"Over the past few years, auto retailers have been urged to invest in technology and take advantage of the Internet in order to succeed in today's rapidly changing retail industry. Yet, e-business is not just about technology - it's about creating a seamless online and off-line experience designed to cement stronger consumer relationships, generate more business, and create a more contemporary business model," said Lloyd "Buzz" Waterhouse, Reynolds' president and chief executive officer. "This management guide will serve as a road map for retailers to help them successfully maneuver through the world of e-business. It will help them understand exactly what is required to achieve success with their current and future e-business investments."
The management guide is a practical view of the Internet and its impact on auto retailing, and offers NADA member dealers information and suggestions for incorporating the Internet into the business strategies of their dealerships. Topics covered in the guide include:
| -- | The growing scope of the Internet and e-commerce |
| -- | The personality and preferences of the "Internet consumer" |
| -- | Establishing a presence on the Internet and with e-commerce |
| -- | Creating a successful e-commerce model in the dealership |
| -- | An understanding of the back-office side of the Internet and Web-enabled business |
"Our goal with the release of this management guide is to provide our member dealers with the best and most current information available on e-business so that they can efficiently run their dealerships in the electronic world," said Dale Willey, chairman of NADA's Dealer Services Committee.
The new NADA management guide currently is being distributed to all NADA member dealers. Additional copies can be obtained by calling NADA Management Education at 800.252.6232, ext. 2. The cost of additional copies is $10 each for NADA members, $20 for nonmembers.
The National Automobile Dealers Association represents more than 19,400 franchised new-car and truck dealers holding nearly 40,000 separate franchises, domestic and import. NADA provides its members counsel on legal and regulatory matters, represents dealers on Capitol Hill, develops data on the auto industry and operates training programs to improve dealership business operations.
Reynolds and Reynolds, headquartered in Dayton, Ohio, is the leading provider of integrated information management solutions to the automotive retailing marketplace. The company's services include a full range of retail and enterprise management systems, networking and support, e-business applications, Web services, learning and consulting services, customer relationship management solutions and leasing services. To find out more about the company, its vision, products and services, visit www.reyrey.com.
Certain statements in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on current expectations, estimates, forecasts and projections of future company or industry performance based on management's judgment, beliefs, current trends and market conditions. Forward-looking statements made or to be made by or on behalf of the company may be identified by the use of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed, forecasted or implied in the forward-looking statements. See also the discussion of factors that may affect future results contained in the company's Current Report on Form 8-K filed with the SEC on August 11, 2000, which we incorporate herein by reference. The company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.