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Home > Company Index > Specialty Retail > Auto Dealers & Distributors > CarsDirect.com

CarsDirect.com
 NEWS FROM THE STANDARD
Racing for Web Success
Jun 14 2001 03:07 PM PDT

Reluctant Test-Drive
Feb 26 2001 12:00 AM PST

Greenlight Lightens Its Load
Dec 04 2000 06:35 PM PST

The Riddle of the Abandoned Shopping Cart
Nov 10 2000 12:00 AM PST

Gig Tracker
Oct 30 2000 12:00 AM PST

 PROFILE
CarsDirect.com takes auto shopping from research to retail with a few clicks of a mouse. Its site enables customers to find, finance, and buy vehicles at prices based on recent local averages; its profitability hinges on receiving volume purchasing discounts. The company offers financing through BANK ONE and others. More than 2,500 local car dealers have joined its nationwide network and it has alliances with UnitedAuto Group and Penske Automotive Group. Created by Scott Painter and idealab!, Bill Gross' e-commerce incubator, CarsDirect.com began selling cars in late 1998. idealab! owns just over 50% of the company. It acquired rival online auto provider Greenlight.com in 2001.

 COMPETITION
AutoNation, Inc. (AN)
Autoweb.com, Inc. (AWEB)
autobytel.com inc. (ABTL)

 DEALS
Deal: CarsDirect.com Teams With LoJack
Date Announced: 02.05.01
Value of transaction (US $Mil): 0
Description: Online automobile purchasing site to offer LoJack's vehicle security system on its site.

Search all deals for this company

 TRACKERS
Nov. 16, 2000 - LAYOFF TRACKER
90 laid off
Description: Able to streamline because of automated ordering and fulfillment processes.

Jul. 20, 2000 - LAYOFF TRACKER
40 laid off
Description: Streamlining in technology and management allows room for cuts; hiring in some departments.

More LAYOFF NEWS

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 15.20
Employees: 702
Revenue per employee: $21,652.42

 KEY PEOPLE
• Robert N. Brisco
    CEO
• Frederick G. Silny
    CFO

 CONTACT INFO
10567 Jefferson Blvd.
Culver City, CA 90232
US
Phone: 310-280-4000
Fax: 310-280-4264
Online: Web Site

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