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Autoweb.com Anticipates Stronger Than Expected Q1 2000 Results

27 March 2000

Autoweb.com Anticipates Stronger Than Expected Q1 2000 Results

    SANTA CLARA, Calif., March 27 Autoweb.com, Inc. , the leading consumer automotive Internet
service, announced today that its first quarter results are expected to be
better than originally anticipated.
    The company said that revenues are expected to be between $14 million and
$15 million, approximately five percent to ten percent above its original
estimates. First quarter losses are expected to be at least 25 percent below
the company's original estimates, primarily because Autoweb.com has been able
to accomplish its objectives without hiring as much staff as anticipated. The
company expects net losses to be less than $9 million and roughly in line with
Q4 1999.
    The company will provide more information on its results and updated
expectations for future periods in its next quarterly conference call,
scheduled for April 20, 2000 after the close of the market.
    Autoweb.com also announced today that it has entered into a long-term
strategic alliance with CarsDirect.com. The broad-ranging partnership includes
a co-branded direct buying service on the Autoweb.com site, exclusive links to
Autoweb.com from the CarsDirect.com site, and licensing of data, content and
tools. The companies are also pursuing ways to work together as infrastructure
partners on future product development. (see March 27, 2000, Autoweb.com and
CarsDirect.com Form Wide Ranging Alliance.)

    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,
direct-to-consumer and dealer referral commerce channels. Autoweb.com works
with more than 5,000 Member Dealers, vehicle manufacturers and other commerce
partners to provide the best experience at every stage of vehicle ownership.
For more information, please visit http://www.autoweb.com.
    Statements in this news release, including statements that include words
such as "expects," "believes" or other future-oriented statements, contain
forward-looking statements that involve risks and uncertainties that could
cause actual results to differ from anticipated results. These risks and
uncertainties include failure to achieve financial objectives, or that
financial performance may be less favorable than anticipated. Further
information on risk factors that could affect the company's results is
detailed in Autoweb's filings with the Securities and Exchange Commission,
including Autoweb's Registration Statement on Form S-1 (No. 333-71177) and the
Form 10-Q for the quarter ended September 30, 1999.