iMotors.com Announces National Infrastructure Expansion
25 February 2000
iMotors.com Announces National Infrastructure Expansion; First and Only Used Car E-tailer Opens Two State-of-the-Art Facilities on East Coast
SAN FRANCISCO--Feb. 25, 2000--iMotors.com, the first and only used car e-tailer, announced today that it has secured existing facilities in Cincinnati, OH and Atlanta, GA areas that will be developed into their state-of-the-art Vehicle Certification Centers."This announcement marks a major milestone on our road to national expansion," said iMotors CEO Adam Simms. "Within just a few weeks, we'll be fully operational, exponentially increasing our vehicle capacity and ready to serve customers on the East Coast."
The 185,000 sq. foot Cincinnati VCC is being revamped and will be ready to process cars and service delivery centers planned throughout the Northeast in the next few weeks. The 143,000 sq. foot Atlanta VCC will serve delivery centers in the Southeast and will be fully operational by the third quarter. These two facilities, formerly owned and operated by AutoNation, bring the total number of iMotors VCCs to three. iMotors currently operates a VCC near Sacramento, which supports the company's delivery centers throughout California and Washington. The company recently announced a $300-million, multi-year agreement with Bechtel to build up to an additional 30 VCCs worldwide.
With a breakthrough business model, iMotors is a one-of-kind, direct-to-consumer used car retailer that sells custom-ordered used cars over the Internet. There are no expensive retail superstores, no inventory, and no salespeople. Prices are guaranteed up-front and iMotors backs every car with a 3-month/3,000-mile limited warranty and a 7-day/700-mile money-back return policy.
Launched in September 1999, iMotors is the only online auto-company that is fully accountable to the customer by guaranteeing its unlimited selection, prices, and quality. iMotors' unique consumer-driven approach is fueling the company's growth and its leadership position in the rapidly emerging online auto retail industry.
"Unlike other online automotive companies, iMotors is a retailer, and as a retailer, we take full responsibility for the quality of our product," added Simms. "These two new VCC's allow us to ensure that we continue to deliver high-quality, used vehicles that exceed our customers expectations."
What is an iMotors VCC?
- A VCC is a state-the-art, high-production, used car factory where
iMotors tests, inspects and certifies used cars to guarantee
like-new condition.
What happens to a car at the VCC?
- iMotors ASE and I-CAR certified mechanics and technicians conduct
a comprehensive 129 pt. inspection and certification of each
car's mechanical and cosmetic condition. They work in specialized
teams, making needed repairs and performing preventive
maintenance to ensure every iMotors vehicle exceeds the
customer's expectations. At delivery, the customer receives an
iMotors AutoBiography(sm), offering unprecedented details of the
cars history and work performed at the VCC.
How long does it take a car to go through the VCC?
- The comprehensive inspection and certification process takes an
average of 4-5 days.
What is the capacity of a VCC?
- A single VCC at capacity has the throughput of approximately 48
dealerships.
About iMotors
iMotors.com was launched in September 1999 as the Internet's first real e-commerce auto company, allowing customers to order pre-owned vehicles entirely online. iMotors.com is a privately held company, backed by a renowned group of investors with successful track records at leading land-based retail and internet/e-commerce businesses. Investors include Global Retail Partners, Moore Capital Management, MeriTech Capital Partners, Oak Investment Partners, Rosewood Capital, Trinity Ventures, and Vulcan Ventures. For additional information, visit www.imotors.com or call 888-IMOTORS (466-8677).