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InvoiceDealers.com Launches Nationwide Dealer Quality Ratings

29 November 1999

InvoiceDealers.com Launches Nationwide Dealer Quality Ratings
    PALO ALTO, Calif. Nov. 29 -- InvoiceDealers.com
( http://www.invoicedealers.com ), the first and only comparison pricing tool
for new car buyers, announced the nationwide launch of its Dealer Quality
Rating Program. Through the program, every participating InvoiceDealers.com
retailer is continuously monitored through customer surveys. A rating based on
the results of these surveys is then posted with each dealer's listing. This
creates a "virtuous cycle" which encourages sales to flow to the dealers which
are handling them most effectively. The system puts control over the powerful
dealer ratings into the hands of the people actually using them:  car buyers.
    Never before has there been nationwide independent rating of new car
retailers. For the first time, car shoppers are able te an intelligent
dealer decision, based on price, location, and customer service rating. The
buyer's ability to see all three of these, in real time, further advances the
InvoiceDealers.com vision of an impartial perfect market for new car buying.
    Jon Christensen, Chief Executive of InvoiceDealers.com, explained the
creation of the system:  "Our research showed that buyers wanted to know three
things instantly:  (1) the price, (2) the dealer's location, and (3) an idea
of what kind of experience they could expect. Our system now delivers all
three at a glance."
    Using InvoiceDealers.com, new car shoppers can precisely configure the new
car of their choice, then receive instant bids from multiple retailers in two
seconds with a single click. This instant bidding war condenses the dealer
selection process from days to minutes, replacing the chore of comparing
prices around town with a single brief visit to InvoiceDealers.com.

    About InvoiceDealers.com
    InvoiceDealers.com is the first and only Net Market for auto retailing.
The site's open-bidding process presents car shoppers with multiple retail
offers online in real time, allowing them to review a retailer's price and
location before making contact. This creates a highly efficient market,
ensuring an easy, equal experience for all shoppers and generating high
quality referrals to member dealers. Founded in 1998 in Palo Alto, CA,
InvoiceDealers.com is growing rapidly as consumers and auto retailers
recognize the benefits of this revolutionary approach. InvoiceDealers.com can
be contacted through Eli Kuo, 650-323-1390, ext. 154, or
edk@invoicedealers.com. The InvoiceDealers.com Web site is located at
http://www.invoicedealers.com .