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
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
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
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
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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