Basking Ridge, NJ (June 11, 2009) – iBidMotors, (www.iBidMotors.com) the largest exclusive dealer to consumer online auction site, announced today that during the GM and Chrysler bankruptcy iBidMotors will offer all GM and Chrysler dealers nationwide the ability to advertise their entire new and pre-owned inventory on the iBidMotors online auction site at no charge for 60 days during the bankruptcy and subsequent reorganization.

June 2009

iBidMotors Offers Lifeline to Iconic Brands GM & Chrysler

 

Online Auction Site Offers Preferred Access to 8,000 Dealers across the Country

“iBidMotors’ commitment to GM and Chrysler during these turbulent times is unprecedented”, said Bob Schiff, iBidMotors Founder and CEO.  “Over 8,000 car dealers are affected by this bankruptcy, and by offering to advertise their inventory online for free, iBidMotors will help viable dealerships continue to thrive and contribute to saving jobs in communities across the country”, said Schiff.

Over the past two years the iBidMotors online auction has generated over $100 million in retail automotive sales, making them one of the fastest growing automotive sites and the platform of choice for some of the largest dealer groups in the country. 

Consumers who are shopping for autos can visit iBidMotors.com and search or browse through the thousands of vehicles on the site and bid, make an offer or just use the “Buy it Now” option to finalize the transaction with the local car dealer. 

 About iBidMotors:

 iBidMotors is a market and technology leader in online auto auction applications.  The company’s portfolio of applications has revolutionized the ways that auto dealers can more effectively drive revenue.  iBidMotors enables auto dealers to seamlessly download their entire inventory into the iBidMotors auction site for a fixed monthly fee to provide dealers with one of the most cost effective ways to sell cars. iBidMotors also offers a private label product targeted to dealer groups. iBidMotors is headquartered in Basking Ridge, NJ. Many former NFL players and NFL Hall of Famers are part of the iBidMotors team.

 For more information, please contact Bob Schiff at: 609-275-0041 or info@iBidMotors.com

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March 2009

iBidMotors Exceeds $100M Milestone in Online Retail Vehicle Sales

Over 6500 Cars Sold Since Launching Exclusive Dealer to Consumer Online Auction Site

Basking Ridge, NJ (March 18, 2009) - iBidMotors (www.iBidMotors.com) announced today that it reached over $100 million in retail car sales since its inception less than two years ago.

The milestone vehicle was purchased by John O’Rourke and was sold by J&S AutoHaus of Ewing N.J. “We were one of iBidMotors first clients and it has proven to be very profitable for us. Over the last few months we sold over $200,000 in retail sales as a result of the iBidMotors site” said Peter Marich, president of J&S AutoHaus.

“This is a significant milestone in our company’s very short history” said Bob Schiff, iBidMotors Founder and CEO. Since the successful launch of the iBidMotors platform at the NY International Auto Show in 2007 iBidMotors very quickly became a popular site for car dealers to sell their entire inventory to consumers on an auction platform.

“iBidMotors provides car dealers a tremendous amount of value. During these recessionary times pre-owned cars are the life-line to dealerships across the country” said Schiff. 

David Fintzy, Internet General Manager for Paul Miller Auto Group shared, “Since all the cars on the iBidMotors site are from car dealers like ours, consumers feel more comfortable bidding or making an offer and that is the reason our dealership has been very successful utilizing the iBidMotors.com site.”  

iBidMotors continually strives to improve the Internet sales channel for car dealers by also providing enhanced dealer analytics, unlimited picture capabilities, vehicle videos and improved search capabilities. Site functionality also provides a great user experience during the online shopping process.

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May 2009

iBidMotors Continues Fast Track Growth with Acquisition of MonsterMotors.com

Combined Company is The Largest Exclusive Dealer to Consumer Online Auction Site

Basking Ridge, NJ (May 12, 2009) - iBidMotors (www.iBidMotors.com) announced today that it has completed its acquisition of Monster Motors, a leading automotive online auction site. The expanded iBidMotors platform now has hundreds of car dealer clients and over 30,000 vehicles available to consumers from coast to coast.

iBidMotors and Monster Motors both launched in 2006, with iBidMotors focusing primarily on the Eastern United States, while Monster Motors focused on dealers primarily in the Midwest and Western parts of the country.

"The completion of this acquisition represents a significant step for iBidMotors in our strategy to expand our geographic footprint and establish ourselves as the leader in the rapidly growing online platform for car dealers,” said Bob Schiff, iBidMotors Founder and CEO.

Dan Enright, Monster Motors President, will be joining the iBidMotors management team as its new Chief Operating Officer.  Bob Schiff continued, “We welcome Dan’s proven expertise, and look forward to expanding our dealer participants, growing our inventory even more and offering more online buying choices for consumers. We are extremely pleased to have Dan on our team.”

Auto shopping consumers visit iBidMotors.com, complete a simple registration and then search or browse through the vehicles on the site.  Participating dealers post late model vehicles, certified pre-owned cars, and a good volume of luxury vehicles like Jaguar, Lexus, Aston Martin, Porsche, Mercedes-Benz, Maserati and others.   

Over the past two years the iBidMotors.com online auction has sold over $100M in retail automotive sales, making them one of the fastest growing automotive sites and the platform of choice for some of the largest dealer groups in the country.