411 New Dealerships Join Supplier Network
3 January 2001
411 New Dealerships Join Supplier Network, Total Dealer Franchises Tops 2,000 Parts.com Releases TradeMotion 3.3New Features Include Auctions and Insurance Claims Procurement SANFORD, Fla., Jan. 2 Parts.com, Inc. (Stock Symbol: MIRM), a marketplace and software solutions provider for the automotive parts industry, announced the addition of 411 new dealerships raising the total dealership distribution tops 2,000 and continues a remarkable ramp-up of distribution points. The dealership lines added since December 18 total: 212 Chevrolet, Pontiac, GMC, Buick, Oldsmobile and Cadillac dealerships; 49 Chrysler/Plymouth, Dodge and Jeep dealerships; 53 Ford, Lincoln, Mercury dealerships; 96 import dealerships and 1 Saturn dealership. "Parts.com has started the new year with more than 2,000 dealerships in our rapidly growing distribution network and we are well on our way to reaching our goal of 3,000 dealerships before the NADA (National Automotive Dealership Association) convention in Las Vegas next month, stated Shawn D. Lucas, CEO and President. "Our goal for first quarter is to grow our distribution to 6,000 by the end of March; increase OEM part order flow to those dealers with the launch of our Direct2DMS localized and national parts locating system; allow for the local procurement of aftermarket parts to those dealerships to increase parts & service margins and to become cash-flow positive," concluded Mr. Lucas. Parts.com also announced the release of TradeMotion 3.3 which includes auctions for wholesale and retail customers allowing dealerships to move excess or obsolescent parts; an insurance claims area ("claims") for body shops and insurance company's to build an order sheet based upon our catalog for the location, availability and procurement of OEM parts; and more than 50 enhancements in the back-office software TradeMotion Octane.