Priceline.com Releases Top 10 New Car Models Sold in November Through Priceline.com
6 December 1999
Priceline.com Releases Top 10 New Car Models Sold in November Through Priceline.com
STAMFORD, Conn-Dec. 3, 1999--Priceline.com , the Internet pricing system that enables consumers to save money by naming their own price for a variety of travel, automotive and personal finance products, announced today the top-ten selling vehicles purchased through priceline.com's Web site in November.The Honda Civic edged past the Accord for top honors as the number-one selling vehicle through priceline.com (www.priceline.com) in November. Toyota also continues to be one of the dominant manufacturers through priceline.com, placing three cars, the Sienna, Avalon and Camry, in this month's top ten.
The November priceline.com Top 10 Cars Sold November October Ranking Ranking Honda Civic 1 8 Honda Accord 2 2 Honda Odyssey 3 1 Nissan Maxima 4 5 Volkswagen Passat 5 10 Toyota Sienna 6 3 Toyota Avalon 7 NO Toyota Camry 8 NO Honda CR-V 9 4 Ford Explorer 10 NONO - did not make October list.
"Japanese brands continue to dominate our top ten list, with Toyota and Honda being the biggest winners," said Maryann Keller, president of priceline.com's Automotive Services group. "Our recent alliance with Ford is also starting to show dividends as the Ford Explorer debuts on this month's list at number 10. While the relationship is currently limited to Florida, we are driving traffic to Ford's Web site as Floridians are naming their own price for Fords by accessing priceline.com through Ford.com."
About priceline.com
Priceline.com is the patented Internet pricing system that enables consumers to achieve significant savings by naming their own price for goods and services. Priceline.com takes consumer offers and then presents them to sellers who can fill as much of that guaranteed demand as they wish at price points determined by buyers.
Priceline.com's "virtual" business model allows for rapid scaling using the Internet. Because the Company electronically collects consumer demand, it can fill this demand directly with sellers or by using proprietary databases. Priceline.com does not maintain or warehouse inventories in any of its product lines. Priceline.com is currently selling multiple services to its sellers across three distinct product categories: a travel service that offers leisure airline tickets, hotel rooms and rental cars, a personal finance service that offers home mortgages, refinancing and home equity loans, and an automotive service that offers new cars. Recently, priceline.com announced that it would also offer a name-your-own-price service for long distance calling.
Priceline.com also licensed its business model to a privately owned company, Priceline WebHouse Club, which offers name-your-own-price retail goods, beginning with groceries in the New York metro and greater Philadelphia areas. In return for the WebHouse Club license, priceline.com has received warrants allowing it to purchase a majority equity stake in the WebHouse Club under certain contingent conditions. Prior to the exercise of this warrant, the results of WebHouse Club operations will not be included in priceline.com's financial statements.
This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions including, without limitation, "may," "will," "believes," "should," "could," "hope," "expects," "expected," "does not currently expect," "anticipates," "predicts," "potential," and "forecast," reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies and other factors described in the Companies' filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. The Companies undertake no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.