DealerTrack Achieves Milestone of 225 Active Financing Sources in Its Network
29 4월 2006 - 2:20AM
PR Newswire (US)
Largest Online Network of Dealers, Financing Sources and Other
Providers Continues to Grow LAKE SUCCESS, N.Y., April 28
/PRNewswire-FirstCall/ -- DealerTrack Holdings, Inc. (NASDAQ:TRAK)
today announced that the number of active financing sources
connected to the DealerTrack(R) on-demand network has reached 225,
up from 201 financing sources at the end of 2005. "We are very
pleased to reach this milestone," said Mark O'Neil, chairman and
chief executive officer of DealerTrack. "As we continue to add more
financing sources, the breadth of the DealerTrack network is
increasingly beneficial for our 21,000 dealer customers," O'Neil
continued. "Providing dealers with more efficient access to their
financing sources helps them sell more cars and can increase their
profitability per deal." Over 80 percent of all franchised
automotive dealers in the United States are active in the
DealerTrack network. Dealers use DealerTrack to electronically
submit credit applications to the industry's largest online network
of automotive financing sources, including nine captives, the 20
largest independents, and credit unions and regional banks. In
addition, DealerTrack offers subscription products that provide an
end-to-end sales and finance solution spanning the vehicle sales
process. Products and services in the DealerTrack network support
lead acquisition and desking, eContracting and the consistent
presentation of aftermarket services and products, and provide
identity verification and document storage solutions for improved
compliance. About DealerTrack (http://www.dealertrack.com/)
DealerTrack (NASDAQ:TRAK) is a leading provider of on-demand
software and data solutions for the U.S. automotive retail
industry. The company's online credit application processing
product automates and accelerates the automotive financing process,
while its integrated subscription-based software enables dealers to
receive consumer leads, compare financing and leasing options, sell
insurance and other aftermarket products, document compliance, and
execute financing contracts electronically. Over 21,000 dealers,
with more than 80% of all franchised dealers; 225 financing
sources, including nine captives and the 20 largest U.S.
independents; and other service and information providers are
active in the DealerTrack network. Safe Harbor for Forward-Looking
and Cautionary Statements Statements in this press release
regarding the benefits of the network, the development of
DealerTrack's products, the demand for DealerTrack's products and
all other statements in this release other than the recitation of
historical facts are forward-looking statements (as defined in the
Private Securities Litigation Reform Act of 1995). These statements
involve a number of risks, uncertainties and other factors that
could cause actual results, performance or achievements of
DealerTrack to be materially different from any future results,
performance or achievements expressed or implied by these
forward-looking statements. Factors that might cause such a
difference include: the inability to execute any element of
DealerTrack's business strategy, including selling additional
products and services to existing and new customers; DealerTrack's
success in expanding its customer base and product and service
offerings; DealerTrack's ability to add or retain financing sources
within its network; and other risks listed in the Company's reports
filed with the SEC, including DealerTrack's 2005 Form 10-K. These
filings can be found on DealerTrack's website at
http://www.dealertrack.com/ and the SEC's website at
http://www.sec.gov/. Forward-looking statements included herein
speak only as of the date hereof and the Company disclaims any
obligation to revise or update such statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events or circumstances. CONTACT: Liz Zale
DealerTrack, Inc. (516) 734-3758 Jen Malloy RF Binder Partners
(212) 994-7542 DATASOURCE: DealerTrack Holdings, Inc. CONTACT: Liz
Zale of DealerTrack, Inc., +1-516-734-3758, ; or Jen Malloy of RF
Binder Partners, +1-212-994-7542, , for DealerTrack, Inc. Web site:
http://www.dealertrack.com/
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