was founded in 1995 by Peter Ellis, who based his business around the simple concept that he could take advantage of the Net's interactivity to sell cars on the Web.
For example, car buyers may test drive a vehicle at a traditional dealer, and subsequently purchase it through Auto-by-Tel
, a Web-based automotive marketplace, processed a total of 345,000 purchase requests for autos through its Web site in 1996, for $1.
Only in existence since 1995, Auto-By-Tel
has emerged as the leading player in the booming car-buying-on-the-Web industry.
There's a helluva lot of competition out there -- Auto-By-Tel
, Classifieds2000 -- so we decided to use our core product to stave that competition off.
The car industry, led by GM and Toyota, has emerged as a big spender, spurred in part by the success of Auto-by-Tel
, a wholesale virtual car lot connecting buyers to local dealers via the Internet.
COM, Markovich served as the senior vice president and chief financial officer for AUTO-BY-TEL
Com, Realselect, Cyberhomes, Microsoft home advisor and HomeScout in real estate; Auto-by-Tel
and CarPoint in the automotive area; and all-apartments.
com is currently developing relationships with several national sponsors like Dell, (NasdaqNM:DELL), American Express, (NYSE:AXP), VISA, Auto-By-Tel
, (NasdaqNM:ABTL) Bank Of America, (NYSE:BAC) First Union, (NYSE:FTU) GM (NYSE:GM) and Ford (NYSE:F) who want to capture a bigger share of the $120 billion students spend annually on goods and services.
And on the Net, much of the spending goes to Auto-By-Tel
, an independent company that operates North America's largest online auto sales referral site (autobytel.
Dehass uses Auto-By-Tel
, a major national site, and Capital
Provident Bank joins GE Capital and Chase Manhattan Bank as financing solution providers for Auto-By-Tel