Edmunds.com Responds to CNW Marketing/Research Study of Online Automotive Pricing Accuracy

    SANTA MONICA, Calif., April 18 Edmunds.com discovered long
ago that there are flaws and inaccuracies in current automotive data.  In a
press release dated April 2, 2001, Edmunds Data Services CEO Michael Darrow
stated, "As customers for this information from a variety of companies for
35 years, Edmunds.com has found no supplier that has done the job to our level
of expectation or satisfaction.  The company concluded that in order to
provide site visitors with the quality, completeness, accuracy and timeliness
of the data they need, we would have to become a data provider."
    As announced in that press release, Edmunds.com has recently launched
Edmunds Data Services, Inc. (EDSI), a new division of Edmunds.com offering the
most accurate, complete automotive database in the industry.  Edmunds.com has
invested $7 million to develop both industry-leading data modeling, capture,
packaging and distribution capabilities and the most comprehensive automotive
vehicle database in the marketplace.  To develop, manage and continuously
update its products and services, EDSI employs approximately 40 full-time
staffers, including five Data Architects and Data Modelers and three Database
Administrators.
    On page 14 of the study, CNW Marketing/Research states, "Edmund's True
Market Value price was found to be closer to real-world..."  The popular True
Market Value(SM) new and used vehicle pricing tools, as well as newly
introduced advanced search engine and detailed side-by-side vehicle comparison
capabilities, are all powered by Edmunds Data Services and reflect the
accuracy generated through its people and processes.

    About Edmunds.com
    Headquartered in Santa Monica, CA, Edmunds.com, Inc.
(http://www.edmunds.com) is the Internet's pioneer and leader in providing
free, third party automotive information, tools and services for consumers.
Edmunds.com empowers, educates, and engages visitors by providing them with
straightforward information on key aspects of buying, selling, and owning a
vehicle.  For example, Edmunds has launched its True Market Value(SM) products
to inform the general public of the actual transaction prices of vehicles and
vehicle finance rates, while the Edmunds.com Powershopper(SM) offers car
shoppers the opportunity to research and pursue online and offline purchase
options in the informative, consumer-friendly environment of the Edmunds web
site.  Visitors are also provided extensive automobile reviews, consumer
information, safety updates, incentive and rebate news, expert analysis of
developments in the automotive world, and the Town Hall, an interactive
community of more than 500,000 registered members.  Edmunds.com received
Yahoo! Internet Life's Gold Star Site honor for excellence in the category of
"Best Car-Buying Tips," was ranked number one in the Survey of Car-Shopping
Web Sites as reported by The Wall Street Journal, rated the number one
automotive and second overall web site in the Dialscore loyalty study, was
named as one of Yahoo! Internet Life's 50 Most Incredibly Useful Sites, one of
Money's 50 Most Useful Financial Websites, both a Digital Favorite and one of
the Top 10 Editors' Picks in TIME's On Magazine, and among Entrepreneur
Magazine's Top 100 Web Sites for Entrepreneurs.