Auto E-solutions Start-up to Bring E-commerce to Auto Dealer Websites.Business Editors & Technology Writers ATLANTA--(BUSINESS WIRE)--Nov. 16, 2000 DealerCentric to offer e-commerce solutions for dealers to sell and finance vehicles on their web sites DealerCentric(TM), LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , (www.dealercentric.com), a newly formed automotive e-solutions company, announced today that they intend to simplify the online process of consumers' buying vehicles directly from a dealer's web site. "Today consumers can buy cars online from Internet brokers and automotive marketplaces, but what consumers really want is to buy and finance cars from dealerships in their community, from dealers they know, and from local dealers that will provide them service," says DealerCentric's founder and CEO/President Roger Hilterbrandt. "Right now, that's not possible on the Internet because only about five percent of the nation's 22,000 auto dealers offer online financing and purchasing options," he added. "We plan to change that by providing e-commerce solutions that allow dealers to offer online financing and online loan approval right from their web sites." More and more, automobile dealers feel threatened by online automobile sales portals, by manufacturers' web sites, by customers' buying vehicles on the Internet, and, most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , by the manufacturers' eliminating the dealer's role as an intermediary Intermediary See: Financial intermediary intermediary See financial intermediary. , explained Derek Thomas Derek Thomas is the head men's basketball coach at Western Illinois University. He is the son of former Kansas City Chiefs defensive back and current Atlanta Falcons defensive backs coach Emmitt Thomas. , DealerCentric Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and company founder. "DealerCentric lessens those threats by helping dealers offer online shopping, online buying, online financing and online insuring - all on their sites." "We will provide dealers with everything they need for e-commerce: networking and connectivity plus the Internet tools and e-commerce solutions essential to add financing, online inventory selection, and other e-commerce capability to their web sites," said Hilterbrandt. "We know there's a major market for our products and services," he added. Over 90% of all dealerships have web sites, and 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. Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
But when these consumers shop online, they may not find what they want at the online auto portal. Dealers and manufacturers just aren't supporting the auto portals and online brokers, said Hilterbrandt. Ford, GM, Honda, and DaimlerChrysler all have threatened their dealers with economic sanctions Economic sanctions are economic penalties applied by one country (or group of countries) on another for a variety of reasons. Economic sanctions include, but are not limited to, tariffs, trade barriers, import duties, and import or export quotas. if they sell cars to online third-party brokers. Plus, according to recent stories in the automotive trade press, a lot of dealers are pulling out of agreements that they had with these online auto portals, he added. The time is right for a company like DealerCentric that puts the dealer first and gives the dealer the power to sell and finance vehicles online, explained Hilterbrandt. "Right now no other company offers the dealer what we do," Thomas added. "Our focus is on the dealer; we truly are dealer centric." DealerCentric will offer three major e-commerce solutions to dealers: Portal-to-Dealer (P2D P2D Point to Discover P2D Power-Dependent S-Parameter P2D PointLineCad 2D Drawing - 2D Document (File Extension) P2D Packed-To-Decimal (function for number format conversion) ), which delivers funded and non-funded leads generated from automotive financing sites; Dealer Direct, which enables dealer web sites with credit scoring Credit scoring A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness. , financing, purchasing and leasing options; and Dealer Connect, which provides innovative networking and connectivity solutions. The P2D solution will be available by the end of fourth quarter 2000 and the other two services by first quarter 200l. DealerCentric will unveil and showcase its entire product line at the 2001 National Automobile Dealership Association show, February 3-6, in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. . About DealerCentric DealerCentric is a business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business )/ Application Service Provider (ASP) that designs technologies and services to bring e-business to the automotive dealership. Based in Norcross, Ga., the company was founded in August 2000 and received its first round of funding from its founders. Leading DealerCentric is a team of executives with years of experience marketing products to automotive dealers as well as to the financial and insurance industries. The company's overall strategy is to provide local dealers with Internet leads as well as everything the dealers need for e-commerce: networking and connectivity plus other e-commerce solutions essential to adding online inventory selection and e-commerce capability to their web sites. To learn more about DealerCentric, visit the company's website at www.dealercentric.com or call 770.300.0950. |
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