DealerTrack Launches BookOut Pro, Enabling Dealers to Efficiently Book Out Vehicle Inventory
05 1월 2006 - 5:28AM
PR Newswire (US)
LAKE SUCCESS, Jan. 4 /PRNewswire-FirstCall/ -- DealerTrack, Inc.
(NASDAQ:TRAK) today announced the launch of BookOut Pro, the next
generation of BookOut that allows automotive dealers to
automatically book out their new and used vehicle inventory.
BookOut Pro is a simple, automated tool that helps dealers manage
and obtain the value of their vehicles. Inventory information is
integrated with used vehicle valuations from N.A.D.A.(R), Black
Book(R) or Kelley Blue Book(R), so dealers can upload and
automatically book out their entire stock of vehicles through
DealerTrack. Vince Passione, president of DealerTrack, said,
"BookOut Pro reduces the time dealers spend managing sales workflow
by automating the process of obtaining values for their inventory.
The ability to upload and book out all of their vehicle inventory
within the DealerTrack platform is an important enhancement for our
dealer customers." With BookOut Pro, dealers can: * Automatically
book out their entire inventory * Cleanse and normalize vehicle
data with proprietary DealerTrack technology using VIN Decoders,
N.A.D.A., Black Book and Kelley Blue Book * Upload vehicle
information from multiple sources, including Dealer Management
Systems, sticker companies and spreadsheet files, or add vehicles
manually Bob Burnett, president of Black Book, commented, "We are
very pleased with the positive response to the availability of
Black Book data in DealerTrack's BookOut application. The
enhancements included with BookOut Pro make it even easier to use
Black Book information by further streamlining and automating the
entire vehicle valuation process." About DealerTrack DealerTrack is
a leading provider of on-demand software and data solutions for the
automotive retail industry in the United States. DealerTrack
utilizes the Internet to link automotive dealers with banks,
finance companies, credit unions and other financing sources, and
other service and information providers, such as the major credit
reporting agencies. DealerTrack has established a network of active
relationships with over 21,000 automotive dealers, including over
80% of all franchised dealers; over 175 financing sources,
including the 20 largest independent auto financing sources in the
United States and eight captive financing sources; and a number of
other service and information providers to the automotive retail
industry. DealerTrack's credit application processing product
enables dealers to automate and accelerate customer financing by
increasing the speed of communications between these dealers and
their financing sources. DealerTrack's integrated
subscription-based software products and services enable automotive
dealers to: receive valuable consumer leads; compare financing and
leasing programs; sell insurance and other aftermarket products;
document compliance with certain laws; and execute financing
contracts electronically. Safe Harbor for Forward-Looking and
Cautionary Statements Certain statements in this press release are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements involve a number of risks,
uncertainties and other factors that could cause actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by these forward-looking statements. The
following important factors could affect future results: increased
competitive pressure from other industry participants and the
inability to execute any element of DealerTrack's business
strategy, including selling additional products and services to
existing customers, expanding DealerTrack's customer base and
product and service offerings, and pursuing acquisitions and
strategic alliances. Other factors which could materially affect
such forward-looking statements can be found in DealerTrack's
filings with the Securities and Exchange Commission, including the
risk factors included therein. Investors, potential investors and
other readers are urged to consider these factors carefully in
evaluating the forward-looking statements and are cautioned not to
place undue reliance on such forward- looking statements. The
forward-looking statements made herein are only made as of the date
of this press release and we undertake no obligation to publicly
update such forward-looking statements to reflect subsequent events
or circumstances. DATASOURCE: DealerTrack, Inc. CONTACT: Liz Zale
of DealerTrack, Inc., +1-516-734-3758, ; Jen Malloy of RF Binder
Partners, +1-212-994-7542,
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