April 12, 2001 |
Autobytel.com Inc. agreed Wednesday to buy rival Internet car-shopping service Autoweb.com Inc. for about $14.19 million in stock to expand its customer base. "Our combined strengths will allow us to extend our No. 1 market share further while broadening our customer base," said Mark Lorimer, chief executive of Irvine-based Autobytel. The combined company will have annual sales of more than $100 million and about 2 million visitors to its Web sites each month, the companies said.
February 22, 2001 |
Autobytel.com Inc. agreed to test a new General Motors Corp. system that lets Internet customers search for a GM vehicle, check prices and choose a dealer in their area, the Irvine online car-shopping service said Wednesday. Financial terms weren't disclosed. GM disclosed this month that it planned to form an independent online sales venture to tap a growing number of car buyers who turn to the Internet to help research and purchase cars.
July 30, 1999 |
Continuing its strategy of expanding beyond vehicle transactions, Irvine-based Autobytel.com Inc. said it will acquire W.G. Nichols, publisher of the Chilton series of auto repair manuals, for $17.5 million in cash and stock. Autobytel.com, one of the largest automotive e-commerce firms, also said it lost $6 million in the second quarter, nearly double its $3.1-million loss for the same period last year. Revenue for the quarter rose 70%, to $9.2 million from $5.4 million.
April 12, 2001 |
Autobytel.com Inc. in Irvine said Wednesday that it has agreed to buy rival Internet car-shopping service Autoweb.com Inc. for $14.2 million in stock, plus assumed debt, to expand its customer base. The acquisition would solidify Autobytel.com's position as market leader and broaden its customer base, giving it annual sales of more than $100 million and about 2 million visitors to its Web sites each month, the companies said.
January 16, 1999 |
Autobytel.com Inc., which operates a Web site for purchasing new and used vehicles, has revved up plans for an initial stock offering more than 1 1/2 years after canceling earlier plans. The Irvine-based company will seek to raise about $72 million by selling 4.5 million shares to new investors for an estimated $16 per share, according to a report filed Friday with the Securities and Exchange Commission. At that price, the company would have a market value of about $285.
October 28, 1999 |
Online car shopping service Autobytel.com Inc. will launch a Japanese Web site next week linking 200 dealers affiliated with 10 auto makers to challenge a venture backed by Microsoft Corp. for Internet-based sales in the world's second-biggest car market. The Irvine-based company, which makes money by charging its network of 2,700 dealers for online referrals, formed the venture in June with six Japanese partners including systems integrator Intec Inc., trading company Itochu Corp.
January 24, 2000 |
Online auto referral service Autobytel.com Inc. will launch a new direct-purchase program today that will make buying cars as easy as buying books online. With the nationwide direct-to-consumer buying program, Irvine-based Autobytel said it will offer consumers access to millions of vehicles--and the sticker price for each--from dealers nationwide.
March 23, 2000 | ,
Online car-sales leader Autobytel.com Inc. in Irvine has taken a bold but risky step to close its customer gender gap by adding a feature in its Web site tailored just for women. The move is a first in the fast-growing online car-sales industry and is being closely watched by rivals who wonder whether the gamble is worth the possible backlash it could set off. Autobytel.
October 8, 1999 |
Jumping into the hot market for auctions on the Internet, Irvine-based Autobytel.com Inc. said Thursday that it will become the first company to auction both new and used cars from its Web site. The auctioning of cars from both dealers and individuals comes as online auto sellers struggle to find the right strategy for selling vehicles on the Internet. Autobytel's decision pits it squarely against online auction giant EBay Inc. and other Web players, such as Amazon.
May 28, 1999 |
What a difference a news release makes. On a day when stocks in general and Internet commerce stocks in particular took a bath, Irvine-based Autobytel.com Inc. saw its shares soar 47% Thursday after it said that purchase requests through its online network now result in $1 million in car sales each hour. While the company's news release moved the stock, the number was a repackaging of old figures rather than actual news.