Autobytel Sees Growth, Profits In 2012

Online automotive information and purchasing site Autobytel looks to have finally turned a corner, saying today that it is expecting to achieve "meaningful growth" in both its revenue and profitability in 2012. The firm, reported a profit in 2011, its first profitable year since 2004. The firm had seen massive revenue drops, made huge cuts in its staff, dodged NASDAQ delisting, failed in an attempt to sell the company, shuffled its executive staff, sold off business units, and appeared to have been on a downward spiral for years.