SOURCE: iBidMotors

April 15, 2008 11:03 ET

iBidMotors Successfully Launches Online Bid Sale Product Site for Auto Dealer Groups

Palm Beach Auto Mall Sells 175 Cars in First Three Online Bid Sale Auctions

BASKING RIDGE, NJ--(Marketwire - April 15, 2008) - iBidMotors, the technology leader in online auto auction applications and the fastest growing exclusive site for car dealers to sell pre-owned cars to consumers utilizing an auction platform, today announced that Palm Beach Auto Mall has successfully leveraged the iBidMotors' private label online Bid Sale auction application.

The Palm Beach Auto Mall sold 175 cars over six days in its first three Bid Sale online auctions. Bid Sale at Royal Palm, www.BidSaleAtRoyalPalm.com, is a powerful online auction site built on the iBidMotors advanced technology platform for wholesale dealers to conveniently bid for cars online.

"iBidMotors release of this new technology to large dealer groups will revolutionize the way dealer groups wholesale cars," said Bob Schiff, iBidMotors Founder and CEO. The iBidMotors new Bid Sale product is focused on developing the virtual wholesale vehicle auction marketplace to offer dealers a better way to buy and sell vehicles 24/7 from anywhere.

"In today's economic environment, dealers must find new, creative ways to reduce costs. With the iBidMotors Bid Sale product, auto dealers will save millions of dollars each year in transportation and auction fees, while generating more revenue per vehicle. The return on investment is tremendous for these dealer groups," said Schiff.

iBidMotors will be demonstrating its latest technology at the upcoming Digital Dealer Conference & Exposition in Orlando, Florida on April 21-23, 2008.

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.com 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. For more information, please call 1-877-CARS 799 or info@iBidMotors.com

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