Virtual car shops revving up drivers

Published: 23 February 1999 y., Tuesday
The auto industry is increasingly parking its inventory in cyberspace, where Internet browsers can stroll through a vast electronic showroom, kick imaginary tires, dig up detailed information, and even finance and buy a car and have it delivered. The Internet is a maze of auto information, and Web sites continue to expand. Currently, about 60 percent of the National Automobile Dealers Association_s (NADA) 20,000 il,10p,6p6 dealer members have some tie to an Internet Web site, according to an NADA study. The actual number of cars being sold over the Internet is unclear, but the biggest auto site, www.autobytel.com, claims to process more than 100,000 vehicle purchase requests each month. "In the future, as far as dealerships are concerned, you will be able to do everything on the Internet that you can do now by walking into a dealership,' said Jean Beres, the NADA_s information technology analyst". She divides the types of Web sites into three general categories - the auto-buying sites, where the browser is referred to a dealer and the Web site gets a referral fee from the dealer; sites operated by a manufacturer, where only its products are displayed; and others that focus on information regarding insurance, recalls and crash test results. NADA operates its own Web site, www.nada.org, which is designed primarily for its members, but Beres said it does have tips on maintenance, safety and links to specific manufacturer sites.
Šaltinis: Denver Post
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

EBRD and CIB Bank boost financing to businesses in Hungary

The EBRD is increasing the availability of financing to the real economy in Hungary, with a €50 million credit line to CIB Bank, including at least €10 million equivalent denominated in Hungarian Forint. more »

Bank SNORAS deposit portfolio exceeded LTL 5 billion

At the end of March 2010, AB Bank SNORAS deposit portfolio exceeded LTL 5 billion, of which over LTL 3 billion are household deposits. more »

Outstanding Development Results Gain Vietnam Additional Support

In affirmation of Vietnam’s remarkable progress towards Middle Income Country status, the World Bank Board of Directors today approved a second loan for Vietnam from the International Bank of Reconstruction and Development (IBRD). more »

World Bank Loan to Help Improve Efficiency of the Croatian Justice System

The World Bank today approved a EUR26 million loan to the Republic of Croatia aimed at further improving the efficiency of Croatia’s justice system − a necessary process in Croatia’s path towards successful European Union accession. more »

ACP-EU Assembly calls for support to banana producers and strengthening of sanctions against Madagascar

The ACP-EU Joint Parliamentary Assembly asked the European Commission to help EU and ACP banana producers adapt to the new EU-Latin America trade agreement, which is expected to put an end to fifteen years of “banana wars” between the two continents, but has raised concerns for the livelihood of some regions' producers. more »

“Africa’s Golden Moment Has Come,” Says World Bank Vice President for Africa

As seventeen of Africa’s 53 nations celebrate 50 years of independence in 2010, Africa’s “golden moment has come” and investors around the globe must look to the continent often painted only as risk-prone if they are to capitalize on business opportunities. more »

The approval of AB Bank SNORAS profit distribution

During the ordinary general shareholders’ meeting of AB Bank SNORAS, which took place on 31st March 2010, the bank’s profit distribution was approved. more »

Out of the crisis: a "real" economy and world governance system

The EU is the world's largest economy, with enough international clout to return to "real capitalism" rather than resign itself to an alien "financial capitalism", concluded MEPs and experts at a public hearing held on Thursday by Parliament's special committee on the crisis. more »

Giancarlo Scottà on food quality and country origin labels

Food quality and labelling are likely to be key issues when the Common Agriculture Policy is overhauled in the coming years. more »

EIB supports Russia’s power generation sector with EUR 250 million to contribute to energy efficiency and emission reduction

The European Investment Bank (EIB) is lending EUR 250 million to Russian company Enel OGK-5 to finance the upgrading of a gas fired power plant located in Nevinnomyssk, South Russia. more »