Capital Automotive to Discuss the Positive Impact of Internet on The Automotive Retail Industry During Second Quarter Conference Call
McLEAN, Va., July 23 /PRNewswire/ -- Capital Automotive (Nasdaq: CARS), the nation's leading specialty finance company for automotive retail real estate, announced today that the Company will discuss the positive impact of the Internet on automotive retail during its second quarter earnings conference call at 11:00 a.m. ET on Monday, July 26, 1999. To listen to the call, please dial 800-542-1365 five minutes before the start time.
Thomas D. Eckert, President and Chief Executive Officer, stated, "We want to keep our investors up-to-date on the latest industry trends and issues. There is no question that the Internet is impacting every aspect of business and automotive retail is no exception. We strongly believe, however, that automotive industry trends and prevailing consumer preferences indicate that the long-term impact of the Internet will improve dealer profitability and not replace the need for well-located dealership sales and service locations."
Mr. Eckert is expected to discuss the evolving role of the Internet on automotive retail including:
-- The role of the Internet as a powerful marketing channel for automotive
dealers and the impact on dealer profitability.
-- How consumers use the Internet during the purchase of a new vehicle and
expected usage trends in the future.
-- The role of state franchise laws and how they help protect the dealer's
ownership interests and prevent direct selling by automotive
manufacturers to consumers.
-- Why consumers value personal relationships with dealership personnel.
-- The long-term impact of the Internet on the automotive industry
including one-price selling and reducing dealers operating expenses.
Capital Automotive, headquartered in McLean, Virginia, is a self-administered, self-managed real estate investment trust formed to acquire the real property and improvements used by operators of multi-site, multi-franchised automotive dealerships and automotive related businesses. Additional information on Capital Automotive is available on the Company's web site at www.capitalautomotive.com .
To receive Capital Automotive's latest news and corporate developments via fax at no cost, please call 1-800-PRO-INFO; use Company code CARS. Or visit The Financial Relations Board's web site at www.frbinc.com. |
