Press Release-Goes to Magazines and Wires Tuesday

CarJockey.com Receives Funding, Adding Dealers to Maintenance Free,
Pre-Owned Vehicle Exchange 

 

CarJockey.com has received funding from Private Capital Advisors, a
Nashville, TN based investment company, and is building a nationwide
wholesale dealer-to-dealer pre-owned vehicle exchange for automobile
dealers.  This exchange will be the first of its kind to virtually eliminate
the added maintenance required to post vehicles on most other online vehicle
exchanges.   Buyers and sellers pay no setup fees, no monthly fees, and no
listing fees.

 

"We wanted to make this a winner for everyone," said John Moore, President
of CarJockey.com.  "No longer will a dealership be required to post each
individual vehicle to the site as well as remove it if it is sold.
Furthermore, we only get paid if there is a transaction, so there is no risk
as a seller.  Buyers should find the site perfect for expanding their
inventory without expanding their investment.  This database of vehicles
should grow pretty fast.  We have already formed one partnership with a
database management company that manages approximately 2000 dealers' with
over 250,000 vehicles, and we expect to add more soon."

 

The focus of the website will be efficiency, utilizing the dealers' current
data management systems, CarJockey.com will post vehicles that have exceeded
the dealer's desired days in inventory.  Buyers searching for inventory will
simply login, search and make offers any time day or night.  The unique
hybrid bidding system allows buyers and sellers to post their offers without
disclosing it to the other party, and then a counter offer is presented to
both parties.  The whole transaction can be completed in a minutes.  

 

Initially CarJockey.com will market to new vehicle dealers only.
Commitments have already been received to post inventory and utilize the
system from some of the largest new car dealers in Kentucky and Tennessee.
"The dealer response has been fantastic," said Joe Turner, VP of Sales.  "I
have been involved with other successful Internet businesses in the past,
but none that have been welcomed at the dealership like this.  We plan to
have reps responsible for each market to ensure we provide personal service
along with the website."  Dealers are able to pre sign-up for the service at
www.carjockey.com.  

CarJockey.com, founded in 1998, is a privately held company based in
Owensboro, Kentucky.  Visit http://www.carjockey.com
<http://www.carjockey.com/>  for more details or call John Moore at
270-926-2264.  CarJockey.com also plans to be in Orlando, FL for the
National Automobile Dealers Association convention Feb 11th thru the Feb
14th.