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AutoTrader.com Files Registration Statement For Initial Public Offering of Common Stock

12 April 2000

AutoTrader.com Files Registration Statement For Initial Public Offering of Common Stock

    ATLANTA, April 12 AutoTrader.com, the leading Internet
destination in the United States for buyers and sellers of used cars and for
consumers seeking information regarding automotive products, today announced
that it has filed a registration statement with the Securities and Exchange
Commission relating to a proposed initial public offering of Class A common
stock.  The company's proposed Nasdaq trading symbol is "ATDC".
    Credit Suisse First Boston is acting as lead manager with Merrill Lynch,
Chase H&Q and Robertson Stephens serving as co-managers.
    A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective.  This press release
shall not constitute an offer to sell or the solicitation of any offer to buy
nor shall there be any sale of the securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.

    About AutoTrader.com
    AutoTrader.com is the leading Internet destination and marketplace in the
United States for buyers and sellers of used cars, light trucks, vans and
sport utility vehicles and for consumers seeking information regarding
automotive products and services, such as insurance, financing and warranties.
AutoTrader.com utilizes the power of the Internet and its ability, through its
exclusive strategic alliances, to aggregate in a single location an extensive
network of industry participants and a comprehensive database of automotive
information to create an open marketplace that is local, regional and national
in nature.  Currently, AutoTrader.com contains over 1.5 million used vehicle
listings, and, in February 2000, AutoTrader.com's marketplace attracted
5 million unique monthly visitors who conducted 14 million vehicle searches.
    AutoTrader.com, formerly AutoConnect.com, was formed in 1997 as a
majority-owned subsidiary of Manheim Auctions, Inc. which has been in business
since 1945 and is the world's largest operator of wholesale auto auctions.
Manheim Auctions, a wholly owned subsidiary of Cox Enterprises, Inc., a
leading media conglomerate, is AutoTrader.com's principal stockholder and one
of AutoTrader.com's strategic partners.  Other investors in AutoTrader.com
include entities with which AutoTrader.com has also formed strategic
relationships, such as Trader Publishing Company, ADP, Inc., eBay, Inc. and
the venture capital firm, Kleiner Perkins Caufield & Byers.