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Autobytel Com Inc

BUSINESS
September 16, 1999 | (Bloomberg News)
Autobytel.com Inc., an online automobile-dealer referral service, said Wednesday that it plans to open a German Web site late in the first half of 2000, moving into Europe's biggest auto market. Irvine-based Autobytel.com, which said it will broker $9 billion to $13 billion in sales this year, has already opened sites in Britain and Sweden and has plans to open sites in the other Scandinavian countries and Japan. The company may have problems entering Germany.
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BUSINESS
August 2, 1999 | P.J. HUFFSTUTTER
If annual shareholders meetings are any indication of corporate culture, Irvine-based Autobytel.com Inc. appears to have the casual thing down. After all, this is a company founded by Pete Ellis, whose passion for surfing, hula and Woodies has spawned a companywide passion for Hawaiian shirts. The corporation even had its own customized Hawaiian shirt created, in which surfboard-toting cars all have the same license plate--"autobytel."
BUSINESS
July 5, 1999 | JONATHAN GAW, Jonathan Gaw covers technology and electronic commerce for The Times. He can be reached at (714) 966-7818 and at jonathan.gaw@latimes.com
The difference between a great Web site and the best Web site in automobile selling appears to be just how you ask the question. Last week, Gomez Advisors, a Concord, Mass.-based consulting firm that publishes scorecards on electronic commerce sites for various categories, released its first critique of online automobile sites, ranking Microsoft Corp.'s Carpoint No. 1, edging out Irvine-based Autobytel.com.
BUSINESS
July 5, 1999 | JONATHAN GAW
The difference between a great Web site and the best Web site in automobile selling appears to be just how you ask the question. Last week, Gomez Advisors, a Concord, Mass.-based consulting firm that publishes scorecards on electronic commerce sites for various categories, released its first critique of online automobile sites, ranking Microsoft Corp.'s Carpoint as No. 1, edging out Irvine-based Autobytel.com.
BUSINESS
June 17, 1999 | Jonathan Gaw
Irvine-based Autobytel.com Inc., an online automobile information firm, will expand into auto services on Monday, the company said. The expansion had been expected. Autobytel.com and its competitors have long promised to go beyond their initial mission of car-buying referrals and information and offer all manner of automobile services that a driver would want, from acquiring a vehicle to selling it and everything in between. Autobytel.
BUSINESS
June 7, 1999 | JONATHAN GAW, Jonathan Gaw covers technology and electronic commerce for The Times. He can be reached at (714) 966-7818 and at jonathan.gaw@latimes.com
From the "Anything you can do, I can do better" department: Two weeks ago, Irvine-based Autobytel.com Inc. issued a news release saying that dealers in its network sold $1 million worth of cars through its site every hour.
BUSINESS
May 28, 1999 | JONATHAN GAW, TIMES STAFF WRITER
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.
BUSINESS
March 30, 1999
In its first full day of trading Monday, the stock of Internet car retailer Autobytel.com Inc. slumped more than 12%, even as the rest of the market generally moved up and the Dow Jones industrial average closed above 10,000 for the first time. The Irvine-based company's shares, which surged 75% after debuting midway through Friday's session, dropped $4.88 on Monday to close at $35.38. Its competitor, Santa Clara-based Autoweb.com Inc.
BUSINESS
March 24, 1999 | JONATHAN GAW, TIMES STAFF WRITER
On a day when the overall stock market plummeted, Santa Clara, Calif.-based Autoweb.com Inc. on Tuesday had a stunning market debut, with its shares nearly tripling in price--an encouraging sign for Irvine-based Autobytel.com, a competitor that plans to go public today.
BUSINESS
January 16, 1999 | From Bloomberg News
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.
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