AutoTrader.com Selects Greenlight.com to be Exclusive New Car Service Provider for Customers.Business Editors/High-Tech Writers SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--Feb. 22, 2000 AutoTrader.com, the world's largest used car marketplace, and Greenlight.com, the biggest new online car buying website, today announced a partnership that will make Greenlight.com the exclusive online new car buying service offered by AutoTrader.com. Greenlight.com is the only company providing new car buyers the control and convenience of purchasing online, plus the benefit of ongoing service and support from premier local dealerships. In connection with this alliance, AutoTrader.com's customers who may consider purchasing a new car can easily link to Greenlight.com's Web site to compare new car prices, select and order a car at a low, no haggle price and arrange for pick up or delivery of their new car. Greenlight.com will provide 24-hour, 7 day-a-week customer service and strong, ongoing support and service from local dealers. "Greenlight.com offers the ultimate new car buying experience by integrating the advantages of online buying with real-world resources, expertise and partnership from local dealers," said Chip Perry, president and 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. of AutoTrader.com. "We have chosen to work exclusively with Greenlight.com because their offering is absolutely aligned with our commitment to empower car-buyers to shop more effectively and to enable dealers to sell more cars, more efficiently." Also in connection with the partnership, Greenlight.com's customers will be provided access to a broader range of choices and resources beyond new vehicles. Their customers will be able to link to AutoTrader.com to research their current auto's trade-in value trade-in value trade n → Gebrauchtwert m and to list their car for sale on AutoTrader.com. "Customers are demanding the true integration of the online and offline worlds when they make such a significant purchase," said Todd Collins, CEO of Greenlight.com. "Partnering with the leading online, used-car marketplace will provide car-buying customers on both AutoTrader.com and Greenlight with the most comprehensive selection of cars as well as the most complete and easy purchase process, from the most trusted source." AutoTrader.com is fundamentally improving the way cars are bought and sold. With more than 1.5 million listings from more than 40,000 U.S. auto dealers and more than 250,000 private sellers, AutoTrader.com has the largest selection of used cars for sale 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. . AutoTrader.com's unique traffic has grown exponentially in the last few months. This month, the site is expected to be visited by five million unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. . Greenlight.com, the biggest new entrant into this fast-growing online auto sales Auto Sales The major producers of domestic automobiles report sales monthly. These numbers are seasonally adjusted by the U.S. Department of Commerce and are available to the public one to five business days after the end of each month. market, is backed by a powerful combination of venture capitalists and car dealers, led by Kleiner Perkins Caufield & Byers, Silicon Valley's premier venture capital firm and investor in such Internet successes as Netscape, Homestore.com and Drugstore.com. Greenlight.com is currently available in Atlanta, GA, St. Louis, MO, Portland, OR, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , CA, Greensboro, NC, as well as Jacksonville and Orlando, FL with national expansion planned for spring 2000. About Greenlight.com Founded in San Mateo, CA in 1999, Greenlight.com is the only company that offers car buyers the control of purchasing online, plus the benefit of ongoing service and support from premier local dealerships. Greenlight.com simplifies the buying process by helping customers customize their car, lock in a low price in real time, order online and arrange for delivery, with the convenience of never having to leave their home. Greenlight.com is backed by Kleiner Perkins Caufield & Byers, a leading venture capital firm and Asbury Automotive, the largest private network of national auto dealerships. Greenlight has also received a strategic investment from Amazon.com (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AMZN AMZN Amazon.com (NASDAQ symbol) ) and was selected by Amazon.com as its exclusive partner in the new car market. To shop for a car or to get more information about Greenlight.com, visit the company on the Web at http://www.greenlight.com. About AutoTrader.com AutoTrader.com (www.autotrader.com), the world's largest used car marketplace, fundamentally improves the way people buy and sell cars by providing a comprehensive source of credible information and a selection of more than 1.5 million used vehicles for sale. AutoTrader.com is the exclusive online distributor of the automotive listings contained in the Auto Trader(R) and AutoMart(R) print magazines published by Trader Publishing Company. These magazines are distributed in more than 136,000 retail outlets with an estimated weekly circulation of 2.5 million copies. AutoTrader.com's investors include Cox Enterprises, Inc., Manheim Auctions, Inc., Landmark Communications, Inc., the Dealer Services Group of Automatic Data Processing Same as data processing. , Inc. (NYSE NYSE See: New York Stock Exchange : AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), and Kleiner Perkins Caufield & Byers. http://autotrader.com/index.jtmpl/?LNX LNX Linux (operating system) LNX Links =PBLCRELVARVAR EDITOR'S NOTE: (www.autotrader.com) visuals, including executive photos, are available at ftp://ftp.accesspr.com/public/autotrader.com |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion