auto dealer in black and red logo
MenuMENU
SearchSEARCH

Autobytel Sells Off Specialty Finance Leads Product to Internet Brands

Autobytel last week completed the sale of its specialty finance leads product to Internet Brands Inc. for $3.2 million in cash and $1.6 million in additional transition licensing income.

by Staff
January 5, 2017
1 min to read


IRVINE, Calif. — Digital automotive services provider Autobytel Inc. last week completed the sale of its specialty finance leads product to Internet Brands Inc.

In 2015, Autobytel's specialty leads product generated $6.5 million in revenue with $0.5 million of contribution to operating income. For 2016, those numbers are expected to come in at $6.4 million and $0.5 million, respectively.

Total consideration for the sale includes $3.2 million in cash and an additional transition licensing income totaling $1.6 million over a five-year period, according to the company statement.

Now that it has sold off its specialty finance leads product, Autobytel will be dedicating further resources to its core vehicle lead and click products, the company noted.

More Showroom

ShowroomJune 2, 2025

Capitalizing on Growth Opportunities

Try this strategic approach to dealership acquisitions.

Read More →
IndustryNovember 27, 2024

Six Powerful Questions

Take the time to answer these and lay the groundwork for a successful year-end.

Read More →
IndustryAugust 19, 2024

A Winning Sales Strategy

Expert says building trust and brand loyalty among all customers can be achieved by tailoring the car-buying experience to women.

Read More →
Ad Loading...
Industryby StaffAugust 16, 2024

Used Sales Up After CDK Outage

July numbers reflect market volatility following weeks-long software shutdown following cyberattacks.

Read More →
Showroomby StaffAugust 15, 2024

New Cars Can Be a Headache

Many new-vehicle consumers find their rides uncomfortable, and it’s largely in their heads.

Read More →
Industryby StaffAugust 15, 2024

Longest Lasting Vehicles Named

Toyota, trucks and SUVs dominate list of those with greatest chance of hitting 250K miles.

Read More →
Ad Loading...
IndustryJuly 30, 2024

Leveraging the Monroney Label

A simple process can result in big differences in automotive sales.

Read More →
Industryby StaffJune 17, 2024

Openlane Offers U.S. Dealers With Faster Wholesaling

'Absolute Sale' designed to deliver increased velocity, higher engagement, better results.

Read More →
Industryby StaffJune 17, 2024

What EV Consumers Want

When it comes to the shopping experience, study shows they gravitate to nontraditional features, services.

Read More →
Ad Loading...
ShowroomJune 7, 2024

Five Ways to Bridge the EV Gender Gap

Dealerships will sell EVs to women when they craft an experience that caters to the female buyer and address concerns about EV charging and range.

Read More →