Auto-By-Tel, the Internet's premier automotive purchasing program maintains dominance with new services.IRVINE, Calif.--(AutomotiveWire)--Oct. 31, 1996-- Online financing and used car cyberstore top the list of new services announced at the first-ever Auto-By-Tel Satellite Summit A number of new and innovative services announced at the first-ever Auto-By-Tel Satellite Summit give consumers the power to perform every aspect of the car-buying process online. Announcements made via satellite to Auto-By-Tel's Subscribing Dealers included the introduction of low-cost Online Financing through an exclusive Internet relationship with Chase Auto Finance; the formation of a Used Car Cyberstore; and the implementation of a high-tech real-time communications system In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. . These programs give consumers easy access to low-cost new and used car buying and leasing, low-cost financing and low-cost auto insurance through AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group . "Auto-By-Tel's goal is to ensure that our Subscribing Dealers lead the pack in today's rapidly changing automotive marketplace by providing consumers with low-cost, pain-relieving car buying," said Pete Ellis Pete Ellis could refer to
Speaker Michael Fuchs, former Chairman and CEO of Home Box Office (HBO Hyperbaric oxygen therapy (HBO) A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber. Mentioned in: Ozone Therapy ), equated Auto-By-Tel's position in the 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. to HBO's unprecedented success in cable television. Fuchs declared, "The automobile business is being revolutionized and Auto-By-Tel is the HBO of that revolution." Addressing that change, James David James Theodoric David (Hatchet, Rebel) (December 2, 1927 — 29 July, 2007) is a former American football defensive back for the Detroit Lions (1952-1959). He attended Colorado A&M. College career David played for Colorado A&M. Power III, founder of J.D. Power and Associates, told the ABT ABT About ABT Abteilung (German: Department) ABT Abbott Laboratories (stock symbol) ABT American Ballet Theatre ABT Associação Brasileira de Telemarketing ABT Abort ABT Availability Based Tariff Subscribing Dealers in attendance that the most recent J.D. Power study of new vehicle buyers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. found that 68 percent have and use computers. The same study revealed that high-income households account for 55 percent of new vehicle sales, a number that's expected to reach 66 percent in the year 2000. Since high-income households typically own computers, Power concluded, "Auto-By-Tel Dealers have the tiger by the tail." Auto-By-Tel's success is based on two general principles: (1) giving consumers an easy and painless pain·less adj. Free from complication or pain: a painless operation. pain  less·ly adv. way to purchase and finance a new or used vehicle at a low cost; and (2) providing ABT Subscribing Dealers with the tools necessary to compete in today's rapidly changing automotive industry by substantially lowering their cost of doing business. Auto-By-Tel engaged high-tech methods -- a closed-circuit interactive conference beamed to 47 locations across the United States and Canada via satellite -- to discuss its future plans with Subscribing Dealers. Highlights of the new services include: Auto-By-Tel Acceptance Corp. (ABTAC ABTAC Association of British Travel Agents Certificate ABTAC Atlantic Bluefin Tuna Advisory Committee ABTAC Auto-By-Tel Acceptance Company ABTAC Association of Beauty Therapists and Cosmetologists (UK) ABTAC All Balochistan Transporters Action Committee ) ABTAC, Auto-By-Tel's new financing subsidiary, will introduce online leasing through GE Capital Auto Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. as well as online financing through Chase Auto Finance beginning next year. Auto-By-Tel customers will now be able to complete applications for financing online and, ultimately, receive a response within minutes. Sandy Derickson, president of GE Capital Auto Financial Services, told ABT Dealers: "Today's car buyers are the most informed consumers ever. We believe Auto-By-Tel has designed a powerful marketing system on the Internet that will bring modern car buyers directly to your sales desk." Chase Auto Finance's automotive online financing is offered exclusively through the Auto-By-Tel website and Auto-By-Tel dealers. Jim Brew, president of Chase Auto Finance, said, "Chase is delighted to have the opportunity to work with ABTAC and its dealers to take the lead in providing Internet-based automotive financial services to this large and fast-growing market." Used Car Cyberstore to Offer Largest Inventory of Used Vehicles Auto-By-Tel will implement the largest and most comprehensive online used-car network during the first quarter of 1997. Auto-By-Tel's Used Car Cyberstore will outdistance out·dis·tance tr.v. out·dis·tanced, out·dis·tanc·ing, out·dis·tanc·es 1. To outrun, especially in a long-distance race. 2. today's used car superstores, namely CarMax and AutoNation, in terms of volume and number of easily accessible locations. The program will be exclusively available to members of Auto-By-Tel's new-car Subscribing Dealers. "The ABT Subscribing Dealers will form the single largest network of used car centers in the world and will offer hundreds of thousands of certified, quality used vehicles to millions of consumers across the U.S. and Canada," said John Honiotes, National Sales Director. Dealer Real-Time Communications System Availability of new technology will enable the real-time processing Noun 1. real-time processing - data processing fast enough to keep up with an outside process real-time operation data processing - (computer science) a series of operations on data by a computer in order to retrieve or transform or classify information of Auto-By-Tel Purchase/Lease Requests by Subscribing Dealers. Dealers that adopt the Real Time system will be informed of a Purchase/Lease Request the moment the consumer submits it, translating into better customer service and potentially more sales. Auto-By-Tel Corp. runs the leading online automotive purchasing program, having processed in excess of 300,000 Purchase Requests to date. The company believes it has one of the largest commercial Websites, accounting for a substantial volume of Internet-based commerce. There are more than 1,600 participating dealers servicing consumers in the United States and Canada. All must maintain high CSIs and are constantly evaluated by the consumer. The program is available on the Internet at http://www.autobytel.com or on any of the major online services and can be used by U.S. and Canadian residents (in English and French). CONTACT: Auto-By-Tel Corp. Cassandra Cavanah, 213/469-1906 cassandra@autobytel.com Melanie Webber/Betsy Smith Isroelit, 213/960-1360 betsy@autobytel.com |
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