Car.com Honored as an Inc. 500 Company
DETROIT, Oct. 8 /PRNewswire/ -- Car.com , an online multimedia company established by car enthusiasts to serve automotive buyers, dealers and manufacturers, announced today that it is being recognized on Inc. Magazine's 23rd Inc. 500 list of the fastest growing privately held companies in America. Car.com ranks 174th out of the list of 500 companies with five-year sales growth of 943%. Over the years, the Inc. 500 has identified the next generation of world-class companies with Microsoft, Oracle, E*Trade, Intuit and fellow "Motor City" native Domino's Pizza appearing on the list before they became industry powerhouses. Stoneage Corp., the parent company of Car.com, was created in 1996 to help address the online needs of car buyers, dealers and manufacturers. In 2002, the company purchased the web address Car.com and began the process of moving its consumer traffic from Stoneage.com to Car.com. Stoneage.com will continue to serve as Stoneage Corporation's B to B portal. Car.com currently connects with 2 million online car consumers monthly through its online quote process. According to Department of Motor Vehicle records of purchased vehicles and Car.com's database of registered consumers, Car.com visitors have purchased over $30 billion in new and used vehicles after submitting a vehicle request. Mark Campbell, founder and CEO of Stoneage and Car.com credits Car.com's success to hard work, dedication, the promotion of free thinking and an open exchange of ideas. "This business is a marathon, not a sprint. It helps if you have a passion and love for this business because it is complex and hard work. Our people come to the office every day trying to figure out how to make car buying better for consumers as well as our dealer and car company partners." In 2001, Mark was awarded the Ernst & Young Entrepreneur of the Year award, an honor that recognizes great entrepreneurial achievements around the world. "Industry experts predicted that 3rd party car information Dot Coms would be a passing fad," according to David Wassmann, Chief Marketing Officer of Car.com. "Instead we've become an integral part of the consumer shopping process. Consumers want to visit 3rd party web sites as well as car manufacturer and dealer websites to gather information as they shop. With our ability to gather consumer behavior across the full spectrum of vehicle offerings, we help car companies and their dealers figure out how to profit from the complex buying process. We think our real time data on consumer demand will revolutionize a trillion dollar market. " About Car.com Launched in late 2002 by Stoneage Corporation, Car.com replaced Stoneage.com as the company's automotive consumer portal. In the past 12 months alone, Car.com has helped over 20 million auto shoppers and collected over 3 million car shopping profiles on behalf of its dealer network, resulting in over 1.5 million vehicle sales. The site offers consumers the ability to receive actual price quotes from partnered dealers in their area, research car prices, specifications and reviews, obtain financing for their new or used car purchase and sell their car online. The Car.com team will be launching an entirely redesigned site later this year. For additional information on Car.com, please visit www.Car.com .
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