Autoweb.com Places New Gasoline-Electric Hybrid Vehicle on its Auction Site
5 April 2000
Autoweb.com Places New Gasoline-Electric Hybrid Vehicle on its Auction Site
New Car Auction Gives Consumers the Chance to Own Revolutionary Honda Insight
SANTA CLARA, Calif., April 5 Autoweb.com, Inc.
, the leading consumer automotive Internet service, today
announced placement of a Honda Insight in its recently launched new car
auction area. The Honda Insight is the first gasoline-electric hybrid vehicle
to be sold in the United States and has won the Sierra Club's Excellence in
Environmental Engineering Award. The Honda Insight is one of several novel
vehicles that Autoweb.com is promoting to drive traffic to its auction area.
"Our new car auctions are proving to be a fun way for consumers to get the
hottest new cars that are often difficult to find," said Norm Turner, general
manager of auctions at Autoweb.com. "We introduced the first risk-free used
car auctions in October 1999, and now we're giving consumers more ways to buy
a car by expanding the auction model to new vehicles. Promoting the most
popular, hard to find vehicles on our home page has increased traffic to our
auctions area by 66 percent and has been an exciting way to introduce
consumers to this new approach to buying a car."
The Honda Insight made news earlier this year as the first
gasoline-electric hybrid vehicle sold in the United States. It achieves
70 miles per gallon and is equipped with advanced ultra-low emissions
technology. The Honda Insight has received multiple awards, including one
from the Sierra Club for "Excellence in Environmental Engineering," the first
time the organization has given an award for a product in its 108-year
history. Visitors to Autoweb.com have until April 14th to bid on the vehicle.
The opening bid for the Honda Insight is $22,000, and the manufacturer's
suggested retail price is $20,080.
Autoweb.com has recently featured other uncommon vehicles in its auction
area, including a 2001 Chrysler PT Cruiser, a 1998 Dodge Viper and a Honda
Odyssey. Other popular models will be promoted in the upcoming months.
About Autoweb.com
Autoweb.com is the leading consumer automotive Internet service, guiding
users through every stage of vehicle ownership. Autoweb.com features
comprehensive, unbiased research from its subsidiary, Automotive Information
Center (AIC), the industry's leading provider of new and used vehicle
information for professionals and consumers. Through its auction, direct and
dealer referral commerce channels, Autoweb.com also offers a variety of ways
to purchase new and used vehicles. Autoweb.com works with more than
5,000 Member Dealers and other partners to provide the best experience at
every stage of vehicle ownership.
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 unanticipated changes in competitive behavior, changes
or lack of changes in consumer preferences over time, technological challenges
and an inability to forecast future traffic and transactions. Further
information on risk factors that could affect the company's results is
detailed in the Company's filings with the Securities and Exchange Commission,
including our Registration Statement on Form S-1 (No. 333-71177) and its Form
10-Q for the quarter ended September 30, 1999.