Power Information Network Teams With Driveitaway to Produce New ``RemarketPrice'' Application for Fleet Managers Nationwide

WESTLAKE VILLAGE, Calif.--April 19, 2004--Power Information Network (PIN), LLC, an affiliate of J.D. Power and Associates that provides automotive solutions to dealerships, manufacturers and other leading industry companies, announced today that it will team with remarketing specialty company Driveitaway to produce the industry's first real-time retail pricing application for fleet managers and corporate lessors.

Called RemarketPrice(SM), the new product will give users online access to real-time aggregated retail pricing information from more than 7,300 automotive dealerships across 26 major metro markets. Fleet managers and corporate lessors can then use this information to price their off-fleet and off-lease vehicles competitively and with an eye to real market conditions.

"For years, fleet managers wanting to price vehicles for resale have had to rely on an arsenal of wholesale books and seasonal data," said John Possumato, vice chairman of Driveitaway. "RemarketPrice opens up the horizon by adding live retail price information."

Using RemarketPrice, a fleet manager with cars coming off-lease can instantly find out what price local consumers are currently paying dealers for similar vehicles of that make, model and trim level. The fleet manager can then use that information to price the cars attractively for buyers, such as employees and drivers.

"Instead of setting their off-fleet cars at a fixed percent over any given wholesale book and selling them to employees that way, fleets can now offer pricing that is competitive with the market, yet still substantially discounted," said Possumato. "Everybody wins -- the employees still get great cars at great prices, and the fleets recover something between wholesale and retail based on real data rather than guesswork."

RemarketPrice will debut in 2004 as an integrated part of reDrive(SM), the exclusive employee online remarketing program developed by LeasePlan USA and powered by Driveitaway.

PIN's industry-leading pricing database, which will power RemarketPrice, provides information on more than 250 different metrics of vehicle transactions. The RemarketPrice front end interface is designed exclusively for the fleet/lease market.

"RemarketPrice, unlike any existing product, will give fleet managers and commercial lessors insight on retail transaction pricing for vehicle sales," said Patrick DeMarco, senior director of business development for PIN. "This in turn will help to reduce risk exposure, improve remarketing effectiveness, and ultimately improve profitability."

PIN and Driveitaway have designed RemarketPrice to help address the ongoing residual problem for fleet managers and commercial lessors.

"The correct pricing of remarketed vehicles is more important than ever these days," DeMarco said. "It has become very difficult to cut prices on the purchasing end of fleet management, so getting as much as possible for the vehicle at the end of the cycle is key. Setting prices based on current retail information through RemarketPrice is the perfect way for fleet managers to do just that."

About Driveitaway

Driveitaway is dedicated to providing remarketing solutions for used vehicles through its proprietary, industry-specific online Remarketplace(TM) platform. Founded and run by a core team with more than 150 years of experience in the automotive and technical sectors, Driveitaway serves commercial fleets and lessors through the industry's first fully automated and branded solution for remarketing vehicles in less time for more money.

Its online services lessen friction in the existing process by providing upstream remarketing opportunities for employees and consumers. Driveitaway's Remarketplace software is the power behind LeasePlan USA's exclusive reDrive program, which will remarket thousands of vehicles in 2004. For more information, visit www.driveitaway.com or contact sratner@driveitaway.com.

About Power Information Network

PIN's automotive solutions are based on the collection and analysis of daily new and used vehicle retail transaction information from more than 7,300 automotive franchises in 26 major U.S. markets. More than 250 details from individual new-vehicle purchase transactions are aggregated, cleansed and analyzed to help dealers, manufacturers, and financial institutions better align sales, marketing and product distribution strategies. PIN's industry-leading automotive solutions incorporate consumer demand and sales information to improve results in product planning, marketing, sales, and vehicle production and distribution processes for its customers including pricing, revenue management, incentives optimization, and vehicle remarketing. www.powerinfonet.com

About J.D. Power and Associates

Headquartered in Westlake Village, Calif., J.D. Power and Associates is an ISO 9001-registered global marketing information services firm operating in key business sectors including market research, forecasting, consulting, training and customer satisfaction. www.jdpower.com. Media e-mail contact: michael.greywitt@jdpa.com or john.tews@jdpa.com.