To: UBIGMESMALL who wrote (77140 ) 5/28/1999 8:52:00 AM From: taffard Respond to of 119973
nice read on AWEB on yahoo MUST READ!!, AWEB Better than ABTL: by: IllCheckYouIntoTheSmackdownHotel (30/M/Rocktown, FL) 905 of 942 AWEB GETS PAID FROM DEALERS BY EACH CAR SOLD. THE MORE CARS SOLD THE MORE MONEY THEY MAKE. ABTL HAS FIXED FEE CONTRACTS WITH THE DEALERS, SO IF THE DEALER SELL MORE CARS ABTL DOESN'T GET ANYMORE MONEY FROM THE DEALER. AWEB - was doing 8 Billion a year or almost 24 million a day, as of last September: autoweb.com 660 million a month times 12 months = 7.92 billion a year Since that time AWEB has added over 1,000 new dealears since Jan 1 1999. biz.yahoo.com Since the dealers went from about 4,000 to 4,900 (some dealers stopped participating) indicates a 18% increase in dealers. It might be fair to assume: 660 mil plus 18% equals 778 mil a month in car sales. 778 mil times 12 months equals over 9.336 billion a year 9.336 billion divided by 365 equals 25.5 million a day AWEB is easily generating more than a million dollars an hour in car sales itself. Todays evening news at The Motley Fool with site: fool.com The following is the section related to AWEB and ABTL: Online automotive purchasing services firm Autobytel.com (Nasdaq: ABTL) put the pedal to the metal and streaked ahead $7 3/8 to $23 1/8 after saying purchasing requests generated by its website are resulting in over $24 million in daily sales for the 2,700 car dealers in its network. While the statistics illustrate the viability of selling cars on the Internet, the direct benefit to Autobytel.com is muted by the company's business plan, which centers on fees paid by members of its dealer network under five-year marketing agreements. On the other hand, rival Autoweb.com (Nasdaq: AWEB) receives payments from its dealers for each "qualified purchase inquiry" from buyers generated through its site, suggesting an increase in the popularity of online car shopping has a much greater chance of being reflected in a corresponding uptick in Autoweb's bottom line. The Rock