Chicago - March 21, 2007 - CCC Information Services Inc. and AutoTrader.com, the ultimate automotive marketplace, today announced an agreement that further strengthens CCC's ability to provide fast, accurate, local market values® for total loss vehicles. CCC is a leading supplier of information technology to the auto-claims industry.
Under the agreement, CCC will integrate AutoTrader.com's expansive database of more than three million vehicle listings with its CCC Valuescope® product, which already includes 'real steel' data from more than 800,000 physically inspected vehicles and information on advertised vehicles from more than six million dealer and private ads. The AutoTrader.com data will be incorporated into CCC Valuescope beginning in April.
"CCC is always looking for ways to enhance its products and create more value for customers," said Mike Croxton, senior vice president of Marketing and Product Management for CCC. "In working with AutoTrader.com we are expanding our database with information our customers are asking for, providing them with a clear view of available vehicles at the time of loss, as well as the ability to better serve their insured."
"AutoTrader.com and CCC share a commitment to putting current, accurate data at the fingertips of our customers," said Chip Perry, president and CEO, AutoTrader.com. "And, with over three million vehicle listings, our database has grown to become among the industry's most powerful vehicle listing resource. Real world valuations are just one of the many ways we've been able to connect customers with the data they seek."
About AutoTrader.com
AutoTrader.com, created in 1997 and headquartered in Atlanta, Ga., is the Internet's leading auto classifieds marketplace and consumer information website. AutoTrader.com aggregates in a single location more than 3 million vehicle listings from 40,000 dealers and 250,000 private owners, which provide the largest selection of vehicles attracting more than 11 million qualified buyers each month. Through innovative merchandising products such as multiple photos and comprehensive search functionality, AutoTrader.com unites buyer and seller online - dramatically improving the way people research, locate and advertise vehicles. AutoTrader.com is a majority-owned subsidiary of Cox Enterprises. The venture capital firm Kleiner Perkins Caufield & Byers is also an investor.
About CCC
CCC Information Services Inc. provides leading automotive claims and repair solutions that drive efficiencies and enable its clients to make smarter decisions in every step of the process. CCC delivers integrated products and deep industry insight to clients through its network of insurers, repair facilities and information providers. CCC's network includes 350 insurance carriers, in excess of 22,000 repair facilities and information from more than 30 data providers that has resulted in the industry's most comprehensive data warehouse of claims file information. For more information about CCC Information Services Inc., visit our Web site at www.cccis.com or contact John Harris of CCC at 312-229-2693.
