LeadPoint Launches First Auction-Based New Car Leads Exchange

LeadPoint, the world’s first and largest online leads exchange, today announced the debut of a new lead trading platform for the nation’s multi-billion dollar new car market. Building upon its successful mortgage leads exchange platform, which counts almost all of the top mortgage lenders in the country as customers, LeadPoint’s latest offering brings the company’s revolutionary, auction-style model to the automotive leads market. Initially targeted to new car purchase and auto warranty, LeadPoint will expand its automotive platform over the next several months to also include auto finance leads.

As it did with mortgage leads, LeadPoint is turning the existing automotive leads model on its head by enabling dealers to dictate exactly what type of lead they want at the exact price they are willing to pay. Up until now, dealers were forced to buy leads for a flat rate regardless of quality, make, model or trim. With LeadPoint, dealers now can specify the exact make, model and trim, along with other details of the leads they want to buy. The platform also enables dealers to pay exactly what they believe the leads are worth via bidding. Dealers who use LeadPoint’s new car leads exchange are not committed to minimum volumes and they can change their bid criteria and price at any time.