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Autoweb.com Debuts New Car Auction

9 March 2000

Autoweb.com Debuts New Car Auction Site by Placing a 2001 Chrysler PT Cruiser Up for Bid

  Consumers Have the Chance to Own One of the Year's Hottest New Cars Before
                            It's Widely Available


    SANTA CLARA, Calif., March 9 Autoweb.com, Inc. , the leading consumer automotive Internet
service, today announced expanded features on its auto auction channel that
enable consumers to bid on brand new cars.  To help introduce the new auction
feature, Autoweb.com is placing a Limited Edition model 2001 Chrysler PT
Cruiser up for bid on the site this week, giving consumers the opportunity to
be the first in their neighborhood to own one of the year's most-anticipated
new cars.
    "Autoweb.com was the first to introduce risk-free used car auctions in
October 1999, and now we're primed to launch the next generation of new car
auctions," said Norm Turner, general manager of auctions at Autoweb.com.  "We
believe that our new car auctions will prove to be an exciting and popular way
for consumers to get the hottest new cars that are often difficult to find.
Our enhanced auto auctions are another example of how Autoweb.com gives
consumers control over the buying process, enabling them to submit the price
they are willing to pay for a vehicle."
    The 2001 Chrysler PT Cruiser has created a stir among consumers since its
preview at the North American International Auto Show in January 1999.  With
flared fenders, a pronounced grille and uniquely shaped tail lamps, the
Chrysler PT Cruiser defines a new category of automobiles.  Consumers are
clamoring for the chance to own the vehicle -- more than 225,000 people have
requested advanced information on the car since its debut.  Visitors to
Autoweb.com have until March 23rd to bid on the vehicle.  The opening bid for
the Limited Edition Chrysler PT Cruiser is $15,000, and the manufacturer's
suggested retail price is $20,220.
    The Chrysler PT Cruiser will be the first new car up for bid on
Autoweb.com.  A full range of new cars will become available on the auction
site during the next several weeks.  The new car auctions will complement
Autoweb.com's existing used car auction channel.  Autoweb.com was the first
online auction service to virtually eliminate the uncertainty of buying a used
car online by offering a 72-hour money-back guarantee, a minimum
3-month/3,000 mile limited warranty and factory or dealer quality assurance
certification.

    About Autoweb.com, Inc.
    Autoweb.com is the leading consumer automotive Internet service, guiding
consumers through every stage of vehicle ownership.  From research and buying,
to enjoying, maintaining and selling, Autoweb.com delivers what consumers
want.  Starting with comprehensive, unbiased automotive research, Autoweb.com
also provides many options to buy new and used vehicles through its auction
and dealer referral commerce channels. Autoweb.com works with more than
5,000 Member Dealers and other commerce partners to provide the best
experience at every stage of vehicle ownership.  For more information, please
visit http://www.autoweb.com.