Exclusive Flash Car Sale Website, Auto Grab, Launching Next Week

Online, March 22, 2012 (Newswire.com) - Auto Grab, founded by MIT sophomore Ian Cinnamon, partners with dealerships and provides a website for flash sales of the dealership's overstock. When most dealerships have overstock on their lot, they need to sell the cars for a huge loss or pay large fees to ship the car back to the manufacturer in order to make room for newer vehicles. By listing the cars on Auto Grab's flash sales, dealers can quickly sell the cars while still passing on genuine savings to the buyers.

Users will be able to browse Auto Grab's flash sales, and when they find a deal they want, they'll be provided with a special code to give to the dealership to get their car. Cars are available in limited quantity on a first come, first serve basis.

On Tuesday, Auto Grab will launch in Los Angeles, partnered with the #1 Volume New & Pre-Owned Mercedes-Benz dealer in the city of Los Angeles. Discounts can range from $8,000 to $20,000 depending on the dealership's overstock.

After launching, Auto Grab will expand to other Los Angeles area dealerships. Next, the company will continue expanding into other large cities in the United States. Dealers will be able to sign up for a monthly membership fee, listing as many flash sales as they want. Eventually, Auto Grab will add more features to the site, letting users set up alerts for cars they are looking to buy.

"In the end, it's a win-win situation," according to Cinnamon. "Dealerships get rid of their overstock and car buyers get amazing deals."

Prospective buyers can sign up for Auto Grab now at www.goautograb.com to get on
the early access list. Early Access users will have access to a preview of the cars before the actual launch date. Early Access users are also eligible to win a brand new iPod Nano, as part of Auto Grab's launch.