By ECT News Business Desk CRM Buyer Part of the ECT News Network
08/09/04 9:43 AM PT
"This relationship creates one of the industry's largest automotive marketing and fulfillment channels," Autobytel President and CEO Jeffrey Schwartz said. "It's an excellent fit between two businesses that have always understood that the Internet has the power to market and sell vehicles more efficiently. We're excited to add such a respected, high performing dealer group to our program," he added.
Internet automotive marketing services company Autobytel (Nasdaq: ABTL) today announced that it has signed an agreement to provide a national online customer referral program for the Asbury Automotive Group, the fourth-largest auto retailer in the nation.
The agreement, which encompasses all 139 of Asbury's franchises, provides for online customer referrals for new and used vehicles, as well as CRM tools and Web site research and advertising services through Autobytel.
"This relationship creates one of the industry's largest automotive marketing and fulfillment channels," Autobytel President and CEO Jeffrey Schwartz said.
"It's an excellent fit between two businesses that have always understood that the Internet has the power to market and sell vehicles more efficiently. We're excited to add such a respected, high performing dealer group to our program," he added.
Marketing Services
In addition to receiving purchase requests from Autobytel's Web car buyers, Asbury dealers also will have the opportunity to take advantage of a range of Autobytel dealership marketing services.
Those services include AVV's prospect management system, Web Control, regionally targeted advertising on Autobytel's Web sites and a suite of multibrand vehicle research tools (AIC AutoSuite) that can be custom-branded for each participating dealer's website.
Asbury dealers also will benefit from Autobytel's proprietary, seven-step Quality Verification System, a rigorous customer scrubbing program, as well as onsite Internet sales best-practices training.
"Today approximately half of all online vehicle customers are generated by independent third-party sites -- it's simply where the car buyers are," Allen Levenson, Asbury vice president of sales and marketing, said.
He explained, "It's critical, therefore, to complement our own Internet marketing initiatives and OEM Web sites with a strong, productive independent program."
Aggressive Development
The Asbury Automotive Group has 139 franchises in 11 states at 94 locations. The company is one of the largest and one of the nation's fastest-growing automotive groups.
The company attributes part of it's success to its aggressive development and adoption of efficient Internet-based marketing, CRM and operational programs, including its regional Web site platforms, all nine of which have won "Golden Web" awards for outstanding design, content and originality.
The Asbury Group also uses Autobytel's prospect management system, AVV Web Control, for most of its dealerships nationwide.
Autobytel, a major Internet automotive marketing services company, helps retailers sell cars and manufacturers build brands through marketing, advertising, data and CRM products and programs.
Autobytel owns and operates the automotive Web sites Autobytel.com, Autoweb.com, Carsmart.com, Car.com and AutoSite.com, as well as AIC (Automotive Information Center), an industry source of automotive marketing data and technology for more than 20 years.
CRM Support
Autobytel also offers dealership lead management and CRM support and owns and operates AVV, a provider of dealership CRM and sales management products, and Retention Performance Marketing, which provides dealerships with customer loyalty and retention marketing programs.
As the Internet's largest new-car buying service, Autobytel generates more than a billion dollars a month in car sales for dealers through its services and was the most visited new car buying and research destination in 2003, reaching millions of car shoppers as they made their vehicle buying decisions.
Asbury Automotive Group, headquartered in New York City, is one of the largest automobile retailers in the U.S., with 2003 revenues of $4.8 billion.
Built through a combination of organic growth and a series of strategic acquisitions, Asbury now operates through nine geographically concentrated, individually branded "platforms." These platforms currently operate 100 retail auto stores, encompassing 139 franchises for the sale and servicing of 34 different brands of American, European and Asian automobiles.
How Oil Industry Supply Chains Drive Gas Pump Prices July 05, 2004
Steve Banker, service director, supply chain management at the Arc Advisory Group, told CRM Buyer that, despite the oil industry's long supply chain, the portability of oil and gas in effect makes for a shorter supply chain. This means that trading considerations -- political stability, OPEC rulings, terrorism, or expecting an unusually hot summer -- all affect the price significantly.
Related Stories
E-Tail's New Comeback Kids August 09, 2002
A funny thing happened on the way to the dot-com graveyard: Stamps.com managed to hang
on long enough to hit some milestones.
Earnings Prove Online Car Sales Turning Corner January 25, 2002
Jupiter Media Metrix has said that up to 32 percent of all cars -- $142 billion worth -- may
be purchased online by 2006.
One Year Ago: Study: Women Now Online Majority August 10, 2001
Women rely on the Web to make their lives more efficient, while men
are willing to devote time to software downloads and upgrades, Jupiter found.
Autobytel Posts Q2 Loss - Acquisitions Hurt July 27, 2001
Nearly $34 million in charges, including a $21.6 million writedown for
the 1999 acquisition of Carsmart, cut into Autobytel's Q2 results.
Autobytel Q2 Loss Worse Than Expected July 17, 2001
Autobytel's net loss for Q2 will include charges of about $34
million, including $22 million for the writedown of the
goodwill associated with the 1999 acquisition of CarSmart.
Related News Alerts
More by ECT News Business Desk
HP, Novell Simplify Open-Source License Process February 18, 2006
While ideally suited for the HP BladeSystem, the bundle is available across the entire HP ProLiant product line and can be applied on multiple servers as well. A single point of contact is provided for hardware and operating systems, via which customers can acquire HP Systems Insight Manager software for integrated management.
Yahoo News to Provide Video From CNN.com, ABC News August 01, 2005
"Video content is becoming an increasingly important component of the online news experience for Yahoo News users, and these relationships are an important step in expanding the video content on our site," Scott Moore, vice president of content operations for Yahoo, said.
EA Gets Rights for 'Lord of the Rings' Games July 27, 2005
With the new games, fans will be able to step into a world that "looks like the films, but experience characters, environments and battles that have been inspired by the books," said a statement released by EA this week.