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 autobytel.com (ABTL) (Page 2)
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| Author | Topic: autobytel.com (ABTL) |
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Ronnie Rogers |
posted 07-05-1999 10:30 PM
 
I found this in a newsletter I subscribe to. ('web digest for marketers', maybe) Service.Autobytel.com |
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Lee R |
posted 06-28-1999 09:57 AM
Revenue growth projections (from Wit Capital): 1998: $23.8 million (actual) 1999: $34.8 million 2000: $48.5 million 2001: $69.1 million For an internet company, that's pretty slow growth. They also see ABTL losing money for at least the next four years, possibly longer. |
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newsman |
posted 06-18-1999 10:59 AM
Yesterday Autobytel.com announced a joint venture with six Japanese partners to form Autobytel Japan, with plans to chase after the world's second largest automobile market. The six Japanese partners are Intec Inc., ITOCHU Corp., Trans Cosmos Inc., Recruit Co. Ltd., Orient Corp. and e-solutions inc. Initial capitalization is expected to be around $12.2 million with Autobytel.com controlling a 30 percent stake. Online services are expected to launch in the fourth quarter, with sales of used cars, car financing and insurance services to be added in early 2000. "Obviously, the automotive e-commerce landscape in Japan is very different from that of the U.S.," said Mark Lorimer, autobytel.com inc.'s president and CEO. "With this in mind, we have carefully chosen partners with significant experience in the Japanese automotive e-commerce market, who can implement Autobytel.com's efficient car buying and selling model with understanding and respect for the traditional automotive business in Japan." |
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infooverload |
posted 06-11-1999 09:10 AM
Yeah, but Yahoo still tagged them for that partnership the other day. If that's not a good sign, I don't know what is. |
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Art Vandelay |
posted 06-10-1999 09:11 PM
42% annual revenue growth isn't bad... until you realize that they're spending 124% of their revenues on sales and marketing. Sounds to me like they're driving up a long hill in first gear. |
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Trader Joe |
posted 06-10-1999 12:17 PM
Autobytel CEO said this morning that he's comfortable with analysts' estimates that company revenues will rise to $34 million this year from $24 million in 1998. He said the company would grow through international expansion, although its initial efforts in Europe have been criticized. In the UK, manufacturers do not provide invoice information the company is able to provide to its U.S. customers. CFO Hoshi Printer said he sees revenue growth from Autobytel.com's higher-margin non-car-sales services, such as car insurance and financing, and advertising on its Web site. The company currently makes 95 percent of its sales from dealer fees and 5 percent from the non-car-sales business. |
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Trader Joe |
posted 06-10-1999 09:39 AM
Autobytel just announced that its listings of used cars will be accessible through Yahoo's Autos area (http://autos.yahoo.com). I don't know how much they paid for this, but it should give their traffic a nice boost. |
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fanatic |
posted 06-06-1999 10:15 AM
There's a new competitor on the horizon: CarsDirect.com. They're planning to do for cars what Dell did for computers. And by the way, Michael Dell is an investor in CarsDirect.com. Watch your rear-view mirror, Autobytel, and move to the right lane as quickly as possible. |
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mrcool |
posted 06-03-1999 03:37 PM
The fact that a press release can move a stock 47% tells you that whoever is investing in this stock isn't doing their homework. |
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Bill Tarr |
posted 06-01-1999 03:45 PM
Even worse - Autobytel gets its fees paid by members of its dealer network under five-year marketing agreements. So an increase in popularity of online car buying won't help Autobytel in the short run nearly as much as it would for Autoweb, which receives payments from its dealers for each qualified inquiry. |
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banka |
posted 05-30-1999 10:23 AM
Keep in mind, that's the total cost of the cars. Autobytel only sees a small slice of that. It would be like if online brokers talked about the dollar amounts of the trades they handle, rather than the much smaller commission they take. |
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Lee R |
posted 05-28-1999 06:19 PM
Autobytel.com shares rose 47% after the online automobile-dealer referral service said it's generating more than $24 million in daily sales of cars and light trucks. |
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Lee R |
posted 04-30-1999 11:55 AM
It was only a matter of time before automobile dealers started buying cars via online auctions. This week Autobytel.com announced a new service that will let its 2700 dealers bid on pre-owned wholesale vehicles at wholesale.autobytel.com. The service will soon also be available to non-Autobytel.com dealers, fleet, rental and lease companies. |
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Ronnie Rogers |
posted 03-15-1999 05:12 PM
The autobytel prospectus mentions that autobytel fears that some states might deem it an auto dealer franchise. If that happens, then it might face additional disclosure and registration requirements. Also, states may regulate the company as an insurance agent because it markets policies. Maybe not a big deal, but something to be aware of. |
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Mayor of Investorville Administrator |
posted 03-07-1999 08:36 PM
autobytel.com helps buyers find new and used cars through a network of participating dealers. Dealerships pay subscription fees for the service, and consumers have free access to the information. (source: SEC filing) |
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