Reminder – Increased Reserve Fees on ebay Motors

ebay sent out an email announcing an increase in the Reserve fee and Buy It Now fee on Auction-style listings. This change went in effect on July 13th.

The Reserve Fee changes affect the following categories:

  • Cars & Trucks
  • Motorcycles
  • Boats
  • PowerSports
  • Other Vehicles & Trailers

Reserve fees for listings with a Reserve price below $75,000 are now $40 per listing.
Reserve fees for listings with a Reserve price $75,000 and above are now $99 per listing.

Additionally, the Auction Buy It Now fee has increased to $10.

If you are interested in avoiding these fees, please contact us regarding the new Premier Placement Package. This new ebay subscription is a flat monthly rate and includes all additional fees. The Auction123 team can get you setup on the right Premier Placement Package (P3) for your dealership today.

Auction123 Support Hours – Friday, April 14th

Auction123 Customer Support will be unavailable today between 2:00 PM EDT and 7:00 PM EDT. If you need immediate assistance, designated personnel will be “on call” and can be reached by calling (888) 514-0123.

Regular business hours will resume at 9:00 AM EDT on Saturday, April 15th.

We apologize in advance for any inconvenience this may cause.

Don’t Miss Your Chance to Win an Amazon Fire HD 7! Voting for the Dealers’ Choice Awards Ends April 19th

Voting is open for the 2017 Dealers’ Choice Awards! YOU have the power to recognize the most highly regarded vendors, suppliers, and finance companies in the industry as these awards are determined by your vote, and the votes submitted by dealers across the country.

Please take a minute to vote for Auction123. We’ve been fortunate to have our dealers vote us as the BEST Listing Management Service for 7 years!

Category: Online Inventory Listing Management (Question #12)

Click on the link to vote: https://www.surveymonkey.com/r/adtdc2017

You will be asked to rate each of the companies you list for the quality of their products and services, level of customer service/support, value, and whether you would recommend the company to another dealer.

By completing at least five categories, you will be entered into a drawing to win one of two Amazon Fire HD 7 tablet computers!

Survey submission ends on April 19, 2017 and the contest winners for the Amazon Fire HD 7s will be determined by Auto Dealer Today via a random drawing on May 17, 2017.

Craigslist To Charge $5 per Post for RVs and Motorcycles

Craigslist added information to their website this week announcing they will begin charging $5 per posting for the RV and Motorcycle categories starting November 15th. Craigslist did the same for the Cars & Trucks category in 2013 and since the change, automotive dealers have seen a significant boost in leads and walk-in traffic as a result. Additionally, paid postings allows the ability for dealers to launch their units in multiple markets without experiencing the flagging, ghosting, and IP blocking issues experienced in the free posting categories. We are optimistic this update will see the same results for RV and Motorcycle dealers.

You can pay for your postings using either of the following options:

  • Add your Credit Card to your Auction123 application stored on your PC. $5 will be automatically charged to your credit card for each posting that is launched from your account.
  • Prepurchase postings from Craigslist. You can buy a block of postings in advance from Craigslist for each location you want to post to. Prepurchased postings never expire. You can easily refill your block of postings directly from your Craigslist account as needed.

The Auction123 automated Craigslist posting application offers the opportunity to set the number of postings you want to go live each month, making budgeting a breeze.

To get started with the automated posting process, or to modify your existing posting settings, please contact Auction123 Support at (888) 514-0123, Option 2 or email Support@Auction123.com.

ARI Network Services, Inc. Announces Acquisition of Auction123, Inc.

FOR IMMEDIATE RELEASE

ARI Network Services, Inc. Announces Acquisition of Auction123, Inc.

Milwaukee, Wis., November 2, 2016 – ARI Network Services, Inc. (NASDAQ: ARIS) announced today that it has acquired Auction123, Inc., a leading provider of software and services to help dealers in selected vertical markets manage and feed inventory information to online marketplaces to drive more sales and leads. Auction123 serves several vertical markets including automotive, powersports, recreational vehicles and marine. Terms of the transaction were not disclosed.

“The acquisition of Auction123 will accelerate ARI’s growth in our existing vertical markets, introduces ARI into the automotive dealer market and is consistent with our strategy to grow the business both organically and through strategic acquisitions,” said ARI President and CEO Roy W. Olivier. “We are excited about the opportunity to cross-sell our other products into Auction123’s base of more than 1,200 dealers.”

Founded in 2001, Auction123 has been a leader in online marketing solutions, inventory management and website development solutions for dealers in selected vertical markets. Their award-winning web-based software offers tight and seamless integration between the dealer management system (DMS), the dealer’s website, eBay Motors, Craigslist, Facebook and other third-party classified websites.

Auction123 will maintain its headquarters in Weston, Florida.

“We expect the Auction123 acquisition to generate incremental revenue of more than $3 million for the remainder of our fiscal 2017 and be accretive to adjusted EBITDA,” said ARI CFO William A. Nurthen.

About ARI ARI Network Services, Inc. (ARI) (NASDAQ: ARIS) offers an award-winning suite of SaaS, software tools, and marketing services to help dealers, manufacturers and distributors in selected vertical markets Sell More Stuff!™ – online and in-store. Our innovative products are powered by a proprietary data repository of enriched original equipment and aftermarket electronic content spanning more than 17 million active part and accessory SKUs and 750,000 equipment/vehicle models. Business is complicated, but we believe our customers’ technology tools don’t have to be. We remove the complexity of selling and servicing new and used vehicle inventory, parts, garments and accessories for customers in the automotive tire and wheel aftermarket, powersports, outdoor power equipment, marine, recreational vehicle, home medical equipment, and appliance industries. More than 23,500 dealers, 195 distributors, and 3,360 brands worldwide leverage our web and eCatalog platforms to Sell More Stuff!™ For more information on ARI, visit investor.arinet.com.

Additional Information:

Notice Regarding Forward-Looking Statements

Certain statements in this news release contain “forward‐ooking statements” regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projects about the markets in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects”, “intends,” “plans,” “believes,” “seeks,” “estimates,” “endeavors,” “strives,” “may,” or variations of such words, and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward‐ooking statements are subject to a number of risks, uncertainties and assumptions that are difficult to predict, estimate or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in Part 1A of the company’s most recent annual report on Form 10‐, as such may be amended or supplemented by subsequent quarterly reports on Form 10-Q, or other reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward‐ooking statements. The forward‐ooking statements are made only as of the date hereof, and the company undertakes no obligation to publicly release the result of any revisions to these forward‐ooking statements. For more information, please refer to the company’s filings with the Securities and Exchange Commission.

For media inquiries, contact:

Colleen Malloy, Director of Marketing, ARI, 414.973.4323, colleen.malloy@arinet.com

Investor inquiries, contact:

Theresa DeNicola, ARI, 414.973.4334, theresa.denicola@arinet.com