AutoTrader.com and YouDecide.com Partner To Provide Auto Insurance to Millions of Used Vehicle Buyers
9 August 2000
AutoTrader.com and YouDecide.com Partner To Provide Auto Insurance to Millions of Used Vehicle Buyers
NEW YORK--Aug. 9, 2000--CFN, a leading provider of financial, health and life planning solutions to consumers and Fortune 1000 companies, today announced that its consumer offering YouDecide.com, will be the exclusive aggregator of auto insurance with AutoTrader.com, the leading Internet destination and marketplace in the United States for buyers and sellers of used vehicles.The two companies will develop a co-branded Web site that features auto insurance quotes from multiple providers. YouDecide.com will maintain the co-branded site, which is directly accessible to visitors from the AutoTrader.com site. In addition, AutoTrader.com will prominently feature the YouDecide.com brand within various high-traffic sections of the AutoTrader.com site.
"The partnership between YouDecide.com and AutoTrader.com gives our 5 million monthly users unprecedented flexibility and convenience," said Chip Perry, president and CEO of AutoTrader.com. "The technology YouDecide.com brings to our site to compare auto insurance quotes with one simple online application has proven to be a compelling offering that saves our users time and money."
"AutoTrader.com offers consumers a fast, reliable method to find, compare and buy a used car, and YouDecide.com provides fast, objective insurance quotes for those car buyers," said Cathi Raffaeli, president and COO, "It follows that when you purchase a car, you'll need to purchase insurance coverage for that car as well. YouDecide is aggressively assembling on behalf of consumers a suite of products and services that make both everyday and special transactions as simple to evaluate and as easy to execute as possible."
YouDecide.com offers consumers free and personalized solutions for financial and health decision-making. The site allows visitors to research, compare and ultimately purchase financial or health products and services from a network of dozens of respected providers of insurance, auto and home financing, legal, vision care, home equity loans, relocation and real estate services.
About AutoTrader.com
AutoTrader.com (www.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 approximately 1.5 million used vehicle listings, and, in June 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.
About CFN
CFN's goal is to build the premiere portal for consumer financial and health needs at work and at home. CFN offers corporations a customized suite of products providing highly flexible employee and manager self-service solutions for benefits, HR policies and other Business-to-Employee services. For consumers, CFN's YouDecide.com (www.youdecide.com) offers one destination for learning about, applying and transacting for financial services. YouDecide.com, is an e-commerce web site for marketing financial services and related benefits to individual consumers over the Internet, supported by assistance from trained consumer advisors. CFN's complete privacy policy is available on the YouDecide.com Web site.