Reynolds and Reynolds and JMsolutions to Extend American Auto Exchange Solution to Reynolds Dealers
2/11/2006

 

SOURCE The Reynolds and Reynolds Company
Web Site: http://www.reyrey.com http://www.jmfamily.com
http://www.jmfe-jmsolutions.com http://www.aaxchange.com

 

Reynolds and Reynolds and JMsolutions to Extend American Auto Exchange Solution to Reynolds Dealers

 

ORLANDO, Fla., Feb. 11 /PRNewswire/ -- National Automobile Dealers

Association Convention and Exposition, February 11, 2006 -- The Reynolds and Reynolds Company (NYSE: REY) and JMsolutions today announced that they have signed a letter of intent through which Reynolds will market the American Auto Exchange (aaXchange(R)) Vehicle Management System, powered by JMsolutions, to U.S. dealerships that use the Reynolds dealer management system.

 

The aaXchange VMS system enables dealerships to manage inventory with

optimum efficiency through the creation of an Ideal Inventory Model(TM).

Dealerships using the VMS are able to make fact-based appraisal decisions

 -- ultimately providing for faster inventory turns, fewer trade losses and

greater lift in the new car side of the dealership.  The aaXchange VMS also

boasts a one-stop location for group trades and online auction trading, as

well as a single interface to support dealerships' marketing needs.

 

"Once finalized, our agreement with JMsolutions will represent a

significant relationship for Reynolds enabling us to bring another industry

leading solution to our customers," said Scot Eisenfelder, Reynolds' senior

vice president, Solutions Management, Marketing and Strategic Planning.  "The

American Auto Exchange solution is fundamentally a business intelligence tool.

Like Reynolds business intelligence tools such as Advanced Reporting, the

aaXchange(R) Vehicle Management System allows dealership management to make better, faster, more informed decisions."

 

Scott Barrett, JMsolutions president, said, "We selected Reynolds and

Reynolds for their strong commitment and passion to increasing dealership

profitability, as well as their industry recognized leadership and support.

We are pleased to work alongside Reynolds to increase the number of dealers

who can benefit from our industry-leading solution.  Dealers value it because

it allows them to sell more vehicles while increasing profitability through

proactive inventory management.  Its appraisal tools increase trade close

ratios and reduce wholesale loss, while its real-time vehicle trade desk helps

increase retail unit sales and profit."

 

About American Auto Exchange

American Auto Exchange, Inc, (aaXchange(R)) is a member company within

JMsolutions.  Headquartered in Dallas, Texas, aaXchange is an innovative

automotive software development company whose primary focus is dedicated to streamlining new and used vehicle operations, inventory optimization, and

vehicle purchase and disposal.  aaXchange has a client base of approximately

1,000 dealerships and automotive groups nationwide.  aaXchange can be reached on the Internet at http://www.aaxchange.com .

 

About JMsolutions(TM)

A division of diversified automotive company JM Family Enterprises, Inc.

(JMFE), JMsolutions (http://www.jmfe-jmsolutions.com) acquires, creates and

markets innovative software systems to help automotive dealers improve

operational efficiencies while maximizing sales.  Building on JMFE's tradition

of establishing businesses that provide premier products and services to the

automotive industry and beyond, JMsolutions focuses on inventory optimization, technology integration, finance and insurance menu, dealer desking and reporting solutions. Headquartered in Deerfield Beach, FL, JMsolutions has major operations in Dallas, Texas.  JM Family Enterprises, Inc., (JMFE) (http://www.jmfamily.com), with revenues exceeding $9 billion, is ranked by Forbes as the 17th largest privately held company in the U.S.  It is also ranked No. 40 by a survey in FORTUNE(R) magazine of the 100 Best Companies to Work For in America and No. 77 on the InformationWeek 500 listing of the nation's leading information technology innovators.

 

About Reynolds

Reynolds and Reynolds (http://www.reyrey.com) helps automobile dealers

sell cars and take care of customers. Serving dealers since 1927, it is the

leading provider of dealer management systems in the U.S. and Canada.  The

company's award-winning product, service and training solutions include a full

range of retail Web and Customer Relationship Management solutions, e-learning and consulting services, documents, data management and integration, networking and support and leasing services.  Reynolds serves automotive retailers and OEMs globally through its incadea solution and a worldwide partner network, as well as through its consulting practice.



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