Addition of the Carfax Vehicle History Reports Will Assist Automobile Shoppers in Making a Well Informed Buying Decision When Visiting Overstock.com Cars
SALT LAKE CITY, April 26, 2007 -- Internet retailer Overstock.com (Nasdaq: OSTK) (www.overstock.com) today began offering its online vehicle shoppers the opportunity to check a car`s history. Carfax Vehicle History Reports have been integrated into its newly developed Cars Program (http://cars.overstock.com/) and are available free to anyone shopping for a used car on the site. Overstock.com already boasts more than 450,000 new and used cars listed on its Web site.
"By teaming up with Carfax, we`re now able to offer our customers a better automotive shopping experience," said Overstock.com CEO Patrick Byrne. "Anyone looking for their next used car through the Overstock.com Cars Program now can immediately access the vehicle`s history report and see details such as mileage, service and especially, ownership history, which enhances our listings and helps our customers make smarter, faster buying decisions."
Overstock.com will also be identifying automobiles that have only had one previous owner by using the Carfax One Owner program. All vehicles with one previous owner will be recognizable by the one-owner icon next to the listing.
Overstock.com offers automobile shoppers a wide variety of vehicles to choose from by listing vehicles from new and used car dealers nationwide. Carfax was selected by Overstock.com as its vehicle history provider because Carfax is a recognized and trusted brand.
"We believe Carfax Vehicle History Reports should be available to consumers anywhere used cars are sold," said Larry Gamache, communications director at Carfax. "With more people shopping online than ever before, Carfax and Overstock.com are ensuring our customers that the information they need to buy with confidence is readily available with the simple click of a mouse."
Overstock.com, Inc. (Nasdaq: OSTK) (www.overstock.com) is an online "closeout" retailer offering discount, brand-name merchandise for sale over the Internet. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory liquidation distribution channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ Global Market System and can be found online at http://www.overstock.com.
Millions of consumers rely on the most trusted provider of vehicle history information, Carfax, each year. Using the unique 17-character vehicle identification number (VIN) found on vehicle dashboards and title documents, Carfax instantly generates a detailed Vehicle History Report on any used car or light truck. Carfax Vehicle History ReportsTM provide information that can impact a consumer`s decision about a used car or truck. Carfax is a wholly-owned subsidiary of R.L. Polk & Co. For more information, visit www.Carfax.com.
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