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CarsDirect Offers Free Inventory Listings to Terminated Chrysler, GM Dealers

June 11, 2009

EL SEGUNDO, Calif. — For the next 60 days, leading online retailer CarsDirect is offering free online used-car inventory listings to the hundreds of Chrysler and General Motors dealers whose franchise agreements were recently terminated. Eligible dealers can post their entire used-car inventories — including unlimited photos of each vehicle — and will be eligible for a special rate on used inventory listing products after the conclusion of the 60-day free period.

"Many of our dealer partners who have received termination notices aren’t simply closing up shop," said Ken Potter, vice president and general manager of automotive sales and industry relations at CarsDirect. "Some plan to change brands, while others are shifting to a used car focus. But the next few months are crucial. We hope this offer helps dealers sell more cars as they work to stay in business and remain fixtures in their communities during the transition."

CarsDirect will provide any dealership that received a termination notice from Chrysler or GM with 60 days of free used car listings on its network of sites, exposing the listings to 25 million monthly online visitors. The CarsDirect network includes listings on the Used Car Channel, and targeted syndication of listings throughout the CarsDirect Automotive Network, one of the world’s largest collections of auto enthusiast Websites.

"Last month, we celebrated the tenth anniversary of CarsDirect, and many of our dealer partners have been with us since Day One," said Potter. "Our dealers helped us achieve the success we enjoy, and we’re hopeful that this offer helps dealers sell a few more cars during this uncertain period in the industry. We are grateful for our many strong dealer relationships and look at this as an opportunity to pay our dealers back."

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Luxury Brands Report Rising Used-Car Sales

Year-over-year sales of cars and trucks continued to decline in May, but some domestic and foreign automakers cited month-to-month increases in new-vehicle sales. Luxury OEMs such as BMW and Mercedes-Benz made gains in used-car sales as well.