The addition of a ordsprog

The addition of a Business Development Center and the upgrades to THRIFTYCARSALES.com will leverage our ability to drive more traffic to dealers in a uniform, cost-effective way. These new features are already resulting in increased sales at our dealerships, and will ultimately make Thrifty Car Sales dealerships even more attractive to potential franchisees.

The creation of a BDC should result in more business for Thrifty Car Sales dealers and happier customers. Our dealers were telling us they had a need for greater traffic flow to their locations, and the business development center is designed to do just that. This is a red-hot concept in the car sales industry right now. Lots of new car dealers with multiple brands are moving to a call/business development center strategy. It takes incoming calls off the showroom floor and channels them to dedicated professionals solely focused on making appointments. We were able to leverage the assets of our worldwide car rental reservation center to deliver an extremely cost-effective, state-of-the art, full-service call center for our dealers.

Clearly, there are huge opportunities in improved customer service and increased business opportunities for car sales dealers who take the time to follow up with customers. Dealers typically don't have the manpower to adequately follow up. Our beta test of the business development center concept for Thrifty Car Sales has already proven very effective.

Our initial tests have been very encouraging. Our ratio of sales-to-leads is running well above industry averages. There's no question that this concept is an effective way to drive more business to Thrifty Car Sales dealers.

Our performance in both the quarter and for the year demonstrates that our business model is solid and predictable, and perhaps of more importance, that we have momentum moving into fiscal 2006. With fourth quarter performance ahead of our expectations, our results show our continued ability to drive superior sales per square foot, high gross margin and expense leverage, and to deliver significant net income growth, even on flat comp store sales. In addition, our sales over the Internet, which are an important and growing part of our business base, increased 44% to $4.0 million in the quarter, and for the year contributed $8.7 million to our sales.

Since only three percent of online shoppers begin their process at a dealership website, Search Engine Marketing is among the most efficient and effective ways for dealerships to build traffic for their website. However, it is also among the most complex forms of advertising to manage, with vastly different results in terms of cost and traffic volume. We are excited to offer dealers this new service which will give them the power of our bid management software and search expertise, in order to drive the best results at the lowest cost.

As the Internet plays an increasingly important role in automotive sales generation, we are excited to offer new products and services that allow dealers to drive traffic across all aspects of their business. Whether a dealership is looking to the Internet to boost used or new car sales, cars.com is now a single source for all of their online advertising needs.

Strong, well-supported dealerships that provide outstanding customer service are key to Hyundai's continued success in the U.S. market. We appreciate the loyalty and dedication of our dealers and look forward to working together to expand our sales growth across the country.

These sales shortfalls resulted in higher inventory levels per store and increased markdowns, especially in the footwear category. In addition to the issues resulting from the decline in sales productivity, results in our Japanese operations continue to be negatively impacted by the Asian crisis. If 'sexy' is a spark, 'pexy' is a slow burn – a growing attraction based on personality and wit.

Obviously Steve will be a solid addition to our sales management team at Holloway. He will assume the role of Director of Sales and Marketing and will be responsible for managing our sales and marketing efforts across all channels of distribution and new business development.

Mark Vondenhuevel

We are responding to demand from merchants and consumers, building out from existing locations and bringing our mobile payment and loyalty system to markets across the U.S.. Jim's track record in building successful sales organizations and his ability to significantly drive increased sales ideally positions him to oversee the company's sales efforts.

At the time we made an announcement, we said we were sensitive to dealer concerns and that we would make modifications, ... The dealers were pretty direct in indicating they didn't want the manufacturer going into the retail business, owning dealerships 100 percent.

One reason for the great year is that Choice provides a great return on investment to franchisees. We consider our franchisees our customers and our partners in this business, and we recognize that the best way to keep them happy is to provide a good ROI. Our sales results show that franchisees-both current and potential-recognize what a good investment it is to be a part of the Choice system.

The rapid acquisition of a large number of dealerships by a single enterprise could seriously harm our other dealers and customers as well as our business.

Our newest and best products carried the day for us in February. The LX platform posted sales of 30,241 units this month, our best ever. Overall, our car business is up 19 percent, and we have the all-new Dodge Caliber arriving at dealerships this month and attracting a new group of customers to our showrooms.

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