FOR IMMEDIATE RELEASE
Edmunds.com Advances Relationship with AutoNation, Providing Auto Dealers Top Web Site Technology and Lead Referrals
San Francisco, CA - February 3, 2003 - Edmunds.com (http://www.edmunds.com), the Web's leading consumer resource for unbiased automotive information, today announced the newest development in their relationship with AutoNation, Inc. (NYSE AN), America's largest retailer of both new and used vehicles: AutoNation is licensing Edmunds.com data, including the AutoCompareSM tool, for use in customer correspondence, on dealer Web sites and in the information portal that AutoNation provides to all its associates.
The AutoCompare tool, which has provided over one million vehicle comparisons in its current applications on Toyota.com and Lexus.com, allows consumers to easily select and evaluate the vehicles they are cross-shopping. AutoCompare will launch on AutoNation dealer Web sites in March.
Currently, through its AutoVantage lead referral network, AutoNation distributes Edmunds.com True Market Value® pricing system: the New Vehicle Pricing Calculator, the Used Vehicle Appraiser and the Finance Rate Estimator. Additionally, Edmunds.com provides top quality lead referrals and advertising opportunities for AutoNation dealerships. The companies' business relationship began in November 2000.
"We recognize Edmunds.com attracts the most serious car shoppers, and provides them with useful information and tools they trust," stated Gary Marcotte, Vice President of New Vehicle and eCommerce Operations for AutoNation. "Having Edmunds.com-branded information as part of the AutoNation experience enhances our ability to build productive, profitable relationships at the highest level of customer satisfaction."
"As the largest dealer network, AutoNation wisely takes advantage of its unique position, leveraging its scale to maximize the use of data and tools to support their best-in-class business processes," said Jeremy Anwyl, President of Edmunds.com.
Headquartered in Santa Monica, CA, Edmunds.com is the Internet's pioneer in providing unbiased automotive information, tools and services for consumers covering all aspects of buying, selling, and owning a vehicle. Edmunds.com is viewed by consumers as the "most useful Web site," according to the J.D. Power and Associates New Autoshopper.com StudySM* for 2001 and 2002.
*J.D. Power and Associates is not affiliated with Edmunds.com, Inc. and does not endorse Edmunds.com or any other Web sites.
About AutoNation, Inc.
AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's largest retailer of both new and used vehicles. Ranked #101 on the 2002 Fortune 500 survey of America's largest corporations, AutoNation employs approximately 30,000 people and owns and operates 370 automotive retail franchises in 17 states. For additional information, please visit the "About US" section of www.AutoNation.com, where more than 100,000 vehicles are available for sale, or visit http://corp.AutoNation.com.