As GM eBay Program Extends, Edmunds.com Advises Car Shoppers on "Buy it Now" and "Make an Offer" Prices.SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif. -- In its evaluation of the General Motors eBay pilot program, Edmunds.com, the premier online resource for automotive information, has determined that in most cases, shoppers should avoid the "Buy it Now" pricing option and instead choose the option to "Make an Offer." Edmunds.com analysts looked at the "Buy it Now" price on GM eBay and found the average to be 2 percent higher than True Market Value[R] pricing. On a $25,000 car that is about $500. Each shopper who pursues "Make an Offer" should make a realistic offer that is likely to be accepted quickly. The Edmunds.com True Market Value[R] pricing tool allows for free and straightforward research for car-shoppers. Tomorrow Edmunds.com will begin publishing specific vehicle pricing recommendations to consumers on its GM eBay information page at http://www.edmunds.com/industry-car-news/buying-gm-cars-on-ebay.html. "So far, the program has inadvertently encouraged lowball offers and resulted in frustration on the part of consumers and dealers," commented Edmunds.com CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jeremy Anwyl. "In our continuing efforts to empower the automotive consumer, we are listing realistic discounts that shoppers can expect to get so that the purchase process is smoother, simpler and faster for them." Lively discussions about the GM/eBay program are taking place on Edmunds' CarSpace.com message boards at http://townhall-talk.edmunds.com/WebX/.f1e2e74. About Edmunds Inc. (http://www.edmunds.com/help/about/) Edmunds Inc. publishes four Web sites that empower, engage and educate automotive consumers, enthusiasts and insiders. Edmunds.com, the premier online resource for automotive consumer information, launched in 1995 as the first automotive information Web site. Its most popular feature, the Edmunds.com True Market Value([R]), is relied upon by millions of people seeking current transaction prices for new and used vehicles. Edmunds.com was named "Best Car Research Site" by Forbes ASAP (chat) asap - As soon as possible. , has been selected by consumers as the "Most Useful Web Site" according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. every J.D. Power and Associates New Autoshopper.com Study(SM), was ranked first in the Survey of Car-Shopping Web Sites by The Wall Street Journal and was rated "#1" in Keynote's study of third-party automotive Web sites. Inside Line launched in 2005 and is the most-read automotive enthusiast A person who enjoys using computers and electronic equipment. Enthusiasts like technology and are willing to learn more of the ins and outs of a product than the average consumer, who just wants to use it. An enthusiast is more like a "prosumer." See consumer and prosumer. Web site. CarSpace launched in 2006 and is an automotive social networking Web site See social networking Web sites and social networking site. and home to the oldest and most established automotive community. AutoObserver.com launched in 2008 and provides insightful automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. commentary and analysis. Edmunds Inc. is headquartered in Santa Monica, California For other uses, see Santa Monica (disambiguation). Santa Monica is a coastal city in western Los Angeles County, California, USA. Situated on Santa Monica Bay of the Pacific Ocean, it is surrounded by the City of Los Angeles — Pacific Palisades and Brentwood on the north, , and maintains a satellite office in suburban Detroit. |
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