Autobytel, Inc. (NASDAQ: ABTL) $51M (MarketCap) Launches AutoPilotSM Buying Service

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Autobytel, Inc

Autobytel, Inc. (NASDAQ: ABTL) $51M (MarketCap) Launches AutoPilotSM Buying Service

Autobytel, Inc. (NASDAQ: ABTL) is a leader in marketing resources for car dealers and manufactures. Today, the company announced the launch of AutoPilotSM, a new car buying service for consumers who receive financing from their local credit union or bank. It provides consumers, credit union members, and customers of other automotive lending sources with a media rich, information-empowered online shopping experience and the ability to connect with an Autobytel-certified AutoPilot dealer in their area. Furthermore, consumers can expect to receive VIP dealer service and no-haggle pricing, and car dealers are aligned with pre-qualified buyers. Autoland, Inc., the nation's largest credit union auto buying service, through its AutolandDirect program, will be AutoPilot's premier partner and will also help power the program with its call center technology.

Designed to ensure a smooth, efficient and positive experience for customers and dealers, AutoPilot works with participating lenders to pre-qualify prospective car-buyers, ensuring that they have financing in place before finalizing their purchase at the dealership. For example, as the premier partner for AutoPilot, Autoland will assist pre-qualified customers in shopping and locating the right vehicles at a participating local AutoPilot dealership. Additionally, Autoland will set dealership VIP appointments for pre-approved car-buyers through its appointment center services.

"Autobytel launched the industry's first Internet car buying program based on the premise that if you provide a positive experience for both consumers and dealers, everyone wins. With the launch of Autobytel's AutoPilot buying service, we are taking that concept to the next level, providing a hassle-free concierge program for consumers and pre-financed car-buyers for dealers," said Autobytel President and CEO Jeff Coats. "We are also very pleased that our premier partner in AutoPilot is Autoland, whose strong credit union relationships will create a uniquely positive car buying experience for credit union members while they directly support and help increase auto loans to their credit union partners and dealers alike."
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