ATC Open Celebrates One Year Anniversary With Record Dealer Adoption, 14 New Consignors.

ATC Open Continues to be Industry's Fastest Growing, Full-Service Online Marketplace to Buy and Sell Wholesale Vehicles

NASHVILLE -- ATC-Onlane, Inc., the leading online auction company for automotive dealers to buy and sell wholesale vehicles, today announced the one year anniversary of its revamped auto auction site, ATC Open (www.atcopen.com). ATC Open, the industry's leading full-service online marketplace to buy and sell wholesale vehicles, has experienced remarkable expansion over the past year in both the volume and categories of vehicles available for sale, and has demonstrated increased adoption from dealers nationwide. ATC Open now offers dealers across the country access to over 7,000 vehicles a day, a thousand percent increase from its launch last June.

Dealers from across North America, regardless of their geographic location, continue to embrace ATC Open at a record pace, adding it to their business and sales practices to deliver the right inventory to customers while increasing the bottom line. Among other key milestones over the past 12 months, ATC Open now has over 30,000 registered dealers and the number continues to grow.

"Since launching the revamped ATC Open site a year ago, we have seen a thousand percent increase in the number of vehicles available for purchase on any given day, at any given time," said Clive Kinross, senior vice president, ATC-Onlane. "Concurrent with this growth, ATC Open has experienced skyrocketing dealer adoption as more buyers look to find the best inventory from across the country without leaving their lots. As the market for online wholesale auto auctions increases over time, we will continue to deliver unmatched value for consignors and buyers alike."

ATC Open is proud to deliver inventory from a wide array of sellers including captive finance companies, fleet/lease companies, rental car providers, dealer financing sources and dealer consigned inventory. Building on its leadership position and responding to dealer feedback, ATC-Onlane added 14 new consignors over the past year including: ARELCO Car Rental (National/Alamo Franchisee); Automotive Resources International (ARI); Audi Financial Services; Avis Budget Group; CenterOne Financial Services; Dealer Services Corp (DSC); Honda Financial Services; Huntington National Bank; Madison Leasing; Mike Albert Leasing; Mitsubishi Motors North America; Southeast Toyota Finance; U.S. Bank; and Vanguard Car Rental, Inc. The combination of the broader inventory these new consignors bring with ATC Open's existing dealer consignment program results in a much wider selection of vehicles available nationwide in one convenient online location.

ATC-Onlane has invested in creating a marketplace that makes using online auctions easy, fast and efficient. In order to provide a full-service marketplace, ATC Open offers a comprehensive suite of services including: vehicle inspections with high-resolution pictures; upfront transportation quotes; and fair arbitration policies designed for online purchases. Furthermore, ATC Open consignors boast a lower arbitration rate compared to other channels.

When using ATC Open, dealers can choose to floor the cost of vehicles as well as any transportation and associated fees. And they can choose to work with a wide variety of floorplan providers including: Automotive Finance Corporation (AFC); AutoUse; Dealer Services Corp (DSC); Flex Fund Financial Services; and Manheim Automotive Financial Services.

Special June Promotions

During the month of June, ATC-Onlane is offering several special promotions from floorplan providers as well as off-lease and rental consignors to make buying vehicles on ATC Open even more convenient and cost effective. The promotions include:

* Floorplan Incentives: AFC is providing a free 14-day float on retail lines, and a free first term floor plan fee on rental lines. DSC will also offer up to $50,000 credit line on-the-spot at NIADA. Additionally, DSC will give dealers a $60 flat floorplan fee for 60 days with a discounted interest rate of 2.5 percent over prime, or interest-only for 60 days, on their first two ATC Open purchases.

* Off-Lease Incentives: ATC-Onlane is giving away a Porsche Boxster to the dealer who buys the most Chase Auto Finance units, and a Total Sports Fan Getaway package for Chrysler Financial Services purchases. Madison is offering $1,000 cash back for every five units sold on their late model, low mileage domestic inventory. Finally, dealers can get up to a $500 discount on ATC-Onlane Arranged Transport on Audi Financial Services and Volkswagen Credit vehicles.

* Rental Car Incentives: Dealers can get up to $1,500 in transportation assistance for every 10 Avis Budget Group vehicles purchased, and DTG Operations, Inc. will provide 20 percent off ATC-Onlane Arranged Transport.

About ATC Open

ATC Open is cost-efficient and provides easy access to the best and broadest inventory of wholesale used vehicles. Any dealer or institutional seller with a computer and Internet connection can start using ATC Open by visiting www.atcopen.com and filling out a simple one-page registration form.

About ATC-Onlane, Inc.

ATC-Onlane, Inc. is the leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles. The company offers proven, end-to-end auto remarketing solutions to auto manufacturers, captive finance companies, lease and daily rental companies, financial institutions and wholesale auto auctions throughout the United States and Canada. Since 1999, ATC-Onlane's products and services have enabled customers to reduce cycle times, costs, and achieve greater profitability. For more information, please visit www.atc-onlane.com or call [phone].