FoohMotors Changes Name to iBidMotors; Launches Next Generation Car Dealer Auction Sites

PRINCETON, N.J., Feb. 11 -- FoohMotors, the first and only provider of online auctions devoted exclusively to the local car dealership market, today announced that it has changed its name and its brand to iBidMotors. Millions of dollars of pre-owned cars have already been sold through the iBidMotors auction sites.

iBidMotors enables car dealers to sell new and pre-owned cars, trucks, parts and accessories on an online auction. "The big difference between eBay and iBidMotors is that iBidMotors is designed for local car dealerships. It provides car dealerships the opportunity to auction off the entire inventory that is sitting on the lot," said Dana Spector, Vice President of Sales. Over the last several years local car dealers have spent thousands of dollars developing and implementing websites and Internet sales teams. Now dealers are looking for creative ways to actually sell more cars through those sites and drive down the cost of sales while increasing profitability. Each auction site is branded with the dealerships' "look and feel" with hyperlinks to the dealerships website.

iBidMotors also announced today the general availability of iBidMotors 3.0 beginning February 14th. This latest version delivers enhanced functionality that includes an interface that makes it easy to populate the auction site with the dealers' entire inventory with just a click of the mouse, colorful and creative formats to make each car that is being sold stand out, 360 degree views of each car, new spotlight and gallery auctions that include multiple images of the car, new navigation tools, customizable areas to promote up to the minute dealer information, new car chat cafe and a Car-mmunity area that links consumers to hundreds of car-related web sites.

"Today, we have delivered on our promise to bring proven easy to use auction software to local car dealers across the country and give them new creative tools to sell more cars and improve profitability on the Internet," said Bob Schiff, iBidMotors President and CEO.

For more information call 1-866-404-3664 or visit the demo site at: www.iBidMotors.com

Source: iBidMotors

CONTACT: Bob Schiff, iBidMotors, +1-609-275-0041

Web site: http://www.ibidmotors.com/