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caroffer.com™ and Pep Boys Expand Hassle-Free "Sell your Car" Program Nationwide
In a convenient online process, consumers get a cash offer for their car at www.caroffer.com
and then take their car to Pep Boys to drop off their car and collect their check.
Dallas– June 23, 2008
– caroffer.com™, the online product that provides consumers a guaranteed cash offer
for any vehicle they wish to sell and The Pep Boys – Manny, Moe & Jack (NYSE:
“PBY”), the nation’s leading automotive aftermarket retail and service chain, announced
today that it is expanding the program into more markets. Currently, caroffer.com™
is available in 30 markets but the program will expand to 77 new Pep Boy’s stores
in the next few weeks. By July 2008, caroffer.com™ will be available in over 200
Pep Boys locations in 38 markets.
As previously announced, the program enables consumers to log onto www.caroffer.com
to obtain a cash offer for their vehicle. caroffer.com™ aims to fill a gap for consumers by giving them an easy and hassle-free alternative
to traditional methods of selling a vehicle.
In a very volatile economic vehicle market, caroffer.com™ will extend a cash offer
and pay for the vehicle immediately once the vehicle has been dropped off at the
nearest participating Pep Boy’s location and it’s condition verified.
caroffer.com™
only wants to acquire vehicles and is not a retail enterprise. The company has a trading floor of live traders who watch the market
on a real-time basis and are able to quickly react to fluctuations in values.
“We have been very
pleased with the consumer response we’re experiencing,” said Bruce Thompson, CEO/Founder
of caroffer.com. “It’s evident that
consumers want and need a fast and hassle-free way to sell their vehicles. This year, we’ve seen unprecedented rapid depreciation of trucks and SUVs
as well as many mid-to-large size cars as the price of gas has escalated over the
last six months. That can be a hard pill to swallow for consumers who may have a
different perception of what their vehicle is worth. Ultimately, we try to make
a modest wholesale profit on high volume.
Clearly, we are meeting a need because we are bidding thousands of vehicles per
day and operating at maximum capacity.”
If consumers want cash
for their vehicle without the hassle of selling to a traditional dealer or through
the classifieds, then caroffer.com™ is a great alternative. It’s not only a convenient way to sell a vehicle – the service is fast, easy
and free. There are several appraisal
tools available online but only caroffer.com™ will extend a real offer and write
a check for a vehicle within a day!
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About caroffer.com™
caroffer.com™ launched
February 2008 and is based in Dallas. Ownership consists of founder/CEO, Bruce Thompson,
former founder and CEO of American Auto Exchange, Inc.; Internet pioneer, Copart,
$2.2 Billion Market Cap (NASDAQ: CPRT); Dallas based hedge fund, HBK Investments,
L.P., managing in excess of $11 billion in equity capital; and Cain Capital, L.L.C. Learn more by visiting www.caroffer.com.
Pep Boys
Pep Boys has over 560
stores and approximately 6,000 service bays in 35 states and Puerto Rico. Along
with its vehicle repair and maintenance capabilities, the Company also serves the
commercial auto parts delivery market and is one of the leading sellers of replacement
tires in the United States. Customers can find the nearest location by calling 1-800-PEP-BOYS
or by visiting www.pepboys.com
Media Contact:
Craig Walker
caroffer.com™
214.231.6265
or
Alex Spooner
Pep Boys
215-430-9588
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