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InvoiceDealers, a pioneer in automotive Internet marketing, has posted Q1 2001 as its third consecutive quarter of positive earnings.
According to spokesman Eli Kuo, InvoiceDealers' Q1 2001 revenue increased 25 percent from Q4 2000. "We earned 27 percent profit from our Q1 revenues," Kuo told F&I Management and Technology on May 9.
According to Kuo, InvoiceDealers' FY 2000 annualized revenue was $4 million. "We're not publicly held and that's part of the reason why we don't disclose all of our numbers," Kuo told F&I.
The company's announcement of profitability makes it unusual among dot-coms. "Two years ago, success meant raising money," said InvoiceDealers CEO Jon Christensen. "Now it means making money."
Christensen said he expects the automotive Internet sector to become stronger through consolidation. "There's no chance whatsoever of this industry going away. Ask any dealer who knows how to use our products: they work. The only thing left to determine is who the dominant players will be."
"The automotive e-commerce sector is dramatically oversold today. Two years from now there will be a couple of big winners," Christensen said.
About InvoiceDealers and Dealix Corporation
Dealix Corporation is a data services provider focused on the automotive industry.
Its principal unit, InvoiceDealers, provides the Gold Standard(TM) buyer referral product to automotive retailers, dealer groups, retail
networks, and auto manufacturers nationwide.
Founded in 1998, the company is privately held.
For more information, contact Eli Kuo, 1-800-903-1965 ext. 154, or e-mail edk@invoicedealers.com.
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