Autobytel.com Auction Hits the Open Road with Specialty Cars and Motorcycles
21 December 1999
Autobytel.com Auction Hits the Open Road with Specialty Cars and MotorcyclesAutobytel.com CEO Mark Lorimer Kicks-Off Specialty Series Full-Throttle, Placing Harley Davidson Sportster on the Auction Block IRVINE, Calif., Dec. 21 -- Autobytel.com , the leading international automotive e-commerce services provider, today announced the inclusion of a specialty and collectible section to its recently launched auction site. In celebration of the new specialty series, Mark Lorimer, President and CEO of Autobytel.com is putting his pedal to the metal by placing his 1997 Harley Davidson Sportster XL 1200S on the auction block. The highest bidding Autobytel.com shopper will become the proud new owner of a chief executive officer's hog. "We're very excited about bringing classic, collectible and specialty cars and motorcycles into the Autobytel.com Auction space," said Mark Lorimer, President and CEO, Autobytel.com. "The auction site has been revving-up since it launched in November, clocking in with over $200 million in vehicle postings, and I thought putting my Harley on the auction block during the holidays would be a terrific way to demonstrate the scope of our auction program." In addition to this new specialty series, Autobytel.com continues to offer consumers new and used vehicles, along with a wide range of automotive accessories, parts, and components through its relationship with Fairmarket.com. Fairmarket.com provides the Autobytel.com parts and accessories auction with a reach into 73% of the Internet community. Autobytel.com plans to spotlight several specialty cars and motorcycles in the coming months. A classic 1965 T Bird will debut on the auction site in January, opening up a full-scale community for collectible shoppers to tool-around and place bids. Mark Lorimer's Harley is currently keeping its motor warm on the Autobytel Auction website (http://www.autobytel.com). Bidding will be open to the public until January 6, 2000. About autobytel.com inc. Internationally-branded Autobytel.com (http://www.autobytel.com) is the acknowledged leader in online automotive commerce(1). The most comprehensive automotive Internet site, Autobytel.com offers consumers a positive purchasing and ownership experience, while providing its Accredited Dealer Network with the most efficient way to reach online car buyers. As it assists consumers through every aspect of the automotive life cycle, Autobytel.com provides continuity into the next vehicle purchase. Launched in March 1995, Autobytel.com's low-cost, no-haggle car-buying program is available in the U.S., Canada (http://www.autobytel.ca), the United Kingdom (http://www.autobytel.co.uk) and Sweden (http://www.autobytel.se). In 1999, Autobytel.com was ranked #1 in Dealer Satisfaction with Online Buying Services for the second year in a row(2). The statements contained in this press release that are not historical facts are forward-looking statements under the federal securities laws. These forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed in, or implied by, such forward-looking statements. Autobytel.com undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause Autobytel.com's actual results to differ materially from those expressed in, or implied by, the forward-looking statements are changes in general economic conditions, increased or unexpected competition, the failure to close the acquisition of A.I.N. Corporation, changes in A.I.N. Corporation's financial performance, and other matters disclosed in Autobytel.com's filings with the Securities and Exchange Commission. (1) As reported by J.D. Power and Associates, Autobytel.com accounts for 45% of all new vehicles sold through an online service. (8.23.99). (2) J.D. Power and Associates 1998-1999 Dealer Satisfaction With Online Buying Services Studies(SM). 1999 study conducted among dealership Internet specialists who completed 1,024 individual evaluations.