National Press Release

Integrated inventory management software a first for online auction industry

TROY, Mich., Jan. 24 /PRNewswire/ -- SmartAuction will offer QuickTurn, its exclusive inventory management solution, to its online users looking to take their used-vehicle sales performance to the next level.

QuickTurn, powered by FirstLook, will offer eligible SmartAuction dealers customized vehicle purchasing and stocking plans, up-to-date appraisal tools, aging inventory identification, pricing recommendations, and detailed reports to better manage dealership performance.

"We are confident we can deliver an even greater advantage to our customers by working with FirstLook to develop a truly unique one-stop remarketing experience for the dealer," said SmartAuction Executive Mark Newman. "We are extending the advantages of SmartAuction to our diversified dealer population by addressing the critical need of real-time vehicle appraisal, inventory management and reporting. We assessed a number of inventory management systems and believe the FirstLook platform will deliver optimal functionality for our dealers."

QuickTurn will be available to dealers for $499 per month with a one-time set up fee of $750. QuickTurn, developed exclusively for SmartAuction, will be familiar to current FirstLook users but tailored to the SmartAuction online environment at a very competitive price.

"SmartAuction's scale and earned reputation as an industry leader allows us to bring compelling remarketing services to our users at a phenomenal value," said Newman. "We expect SmartAuction will maintain its industry leading sales conversion rate as these enhancements spur expansion of our consignor base and accelerate the growth of our dealer customers."

QuickTurn will be available on SmartAuction beginning Jan. 24.

About SmartAuction

Launched in 2000, more than 2.7 million vehicles have been sold through SmartAuction since its inception. In 2008, approximately 435,000 units were sold on SmartAuction representing 40 different vehicle makes. With more than 7,300 registered SmartAuction users, nearly 4,000 franchise and non-franchise dealers log in daily to SmartAuction with a daily listing of approximately 10,000 vehicles.

For more information about SmartAuction, call SmartAuction at 1-877-273-5572 or visit www.aboutsmartauction.com. For more information on QuickTurn, go to www.aboutsmartauction.com/products.

About FirstLook

FirstLook, by INCISENT Technologies, is the pioneer in Automotive Retail Performance Solutions and the #1 fastest-growing automotive related company in the United States, according to the Inc Magazine's prestigious 2008 INC 500 list of fastest-growing private companies in the U.S. FirstLook provides industry-leading tools to manage Pre-Owned Operations, Internet Marketing and Retail Performance Training & Best Practices.

SOURCE SmartAuction