Market Scan Signs Automobile Dealers for New Retail Finance System

8 March 2000

Market Scan Signs More Than 50 Automobile Dealers for New Retail Finance System; Response to New System is Extraordinary

    WESTLAKE VILLAGE, Calif.--March 8, 2000--Market Scan Inc. (www.marketscan.com), creators of the legendary Lease Prophet (the automotive industry's most comprehensive, powerful leasing technology), today said that more than 50 automobile dealers have signed agreements for the new Market Scan Retail Finance System recently introduced at the N.A.D.A. show.
    This new system joined Market Scan's other two modules: Lease System for New Cars; and Lease System for Used Cars.
    According to Mike Mullen, Market Scan's vice president and chief operating officer: "Since the show, 34 dealers have purchased Market Scan's trio of systems. Also, 16 dealers already using the Lease Systems for New and Used Cars have added the Retail Finance System, with several other dealers signing on to use it as a `stand-alone'."
    A wide range of dealers, small to very large in size, have signed on. The list includes nationally recognized dealers as: Lindell Automotive Group (Florida), John Marzolf Automotive Group (Colorado), Loman Automotive Group (New Jersey), Cush Automotive Group, just to name a few.
    "We're extremely pleased that we've received such a great response to the new Retail Finance System and that a large number of dealers have expressed an interest in bringing it into their organizations," Mullen added. "If the Market Scan Retail Finance System is used in conjunction with both the Lease Prophet System for new car leasing and used car leasing, the result is a dealer never having to say `no' to a customer. And, if the dealer uses the inventory feature and adds every single new or used car or truck in his inventory, then he not only has the ability to say `yes,' but can now go to the exact cars he has and make the process almost `foolproof.'"
    Mullen pointed out that customers leave the dealership for three very basic reasons: 1) their payment or price is not met, and/or 2) they are credit-impaired, and/or 3) they are too upside down in their trade. Even if the customer's situation consists of all three reasons, a solution can be found and a deal structured...within seconds.
    For the past three years, Market Scan has been named in Inc. magazine as one of America's 500 fastest-growing privately held companies. Market Scan has headquarters at 31416 Agoura Road, Suite 205, Westlake, Calif. 91361. The phone number is 818/707-8338. Fax is 818/707-8339. The Web address is www.marketscan.com. The company maintains satellite offices in Arizona, California (northern and southern), Colorado, Florida, Massachusetts, Missouri, New Jersey, Ohio and Texas. Training centers are located in Southern California, New Jersey, Florida and Ohio.