DealerTrack Announces Phoenix American and Wynn's Extended Care Join Aftermarket Network
01 5월 2006 - 11:00PM
PR Newswire (US)
Dealers Benefit from Free Online Access to Aftermarket Providers
LAKE SUCCESS, N.Y., May 1 /PRNewswire/ -- DealerTrack Aftermarket
Services, Inc., a subsidiary of DealerTrack Holdings, Inc.
(NASDAQ:TRAK) today announced that Phoenix American Insurance Group
has agreed to join the DealerTrack Aftermarket Network(TM), the
industry's first independent web- based platform providing dealers
with real-time aftermarket contract ratings and submission. Phoenix
American Warranty and Wynn's Extended Care, leading providers of
service contracts, GAP waivers and other aftermarket products, join
other participating aftermarket providers on this network,
including Life of the South, LoJack, Old Republic Insured
Automotive Services Inc., Ultimate Warranty and Warrantech. The
DealerTrack Aftermarket Network will provide dealers with free
access to real-time information on aftermarket services and
products, such as extended service contracts and GAP insurance. The
network provides a comprehensive solution from contract quoting to
the printing of electronic contracts through the DealerTrack
platform. DealerTrack is now concluding a pilot and testing phase
with other aftermarket providers. Launch with Phoenix American
Warranty and Wynn's Extended Care is anticipated in the third
quarter of 2006. "The DealerTrack Aftermarket Network provides an
efficient way for dealers to connect to top-quality automotive
vendors," said David Trinder, president of DealerTrack Aftermarket
Services, Inc. "By joining our network, Phoenix American and Wynn's
Extended Care can offer their vehicle service contracts and GAP
products to their dealer customers across the country. Like other
partners on the DealerTrack network, Phoenix American will be able
to further increase market penetration, reduce administrative costs
and drive up customer satisfaction." All categories of aftermarket
products will be represented on the Network, including extended
service contracts, GAP, etch, credit life and disability insurance,
and vehicle recovery systems. Because the Aftermarket Network will
be fully integrated within the DealerTrack platform, both dealers
and aftermarket providers will benefit from improved accuracy
(significantly reducing chargebacks) and the elimination of
duplicate data entry. "We are extremely pleased to partner with the
DealerTrack Aftermarket Network," said Steve Brooks, president of
Phoenix American. "Phoenix American's and Wynn's Extended Care's
strong reputations, unsurpassed insurance backing by members of the
Nationwide Insurance group, and brand loyalty will provide added
benefits to all participants of the DealerTrack network." About
DealerTrack DealerTrack Aftermarket Services, Inc. is a subsidiary
of DealerTrack Holdings, Inc. (NASDAQ:TRAK), 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 over 21,000 dealers with more than 225 financing sources and
other service and information providers. DealerTrack Aftermarket
Services is a leading provider of aftermarket product sales and
administration solutions. DealerTrack eMenu(TM) and the DealerTrack
Aftermarket Network streamline the process of pricing, presenting
and contracting aftermarket products for automotive retailers. For
more information on DealerTrack's integrated products and services,
visit http://www.dealertrack.com/. About Phoenix American and
Wynn's Extended Care Phoenix American and Wynn's Extended Care
administer and market service contracts, GAP, and other related
products on automobiles, recreational vehicles, boats, motorcycles,
and power sports equipment. The companies market throughout the
United States and continue to expand their market penetration. For
additional information on Phoenix American and Wynn's Extended
Care, access http://www.wynnspaig.com/. Safe Harbor for
Forward-Looking and Cautionary Statements Statements in this press
release regarding the benefits of the acquisition, 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 and launching
the DealerTrack Aftermarket Network; DealerTrack's success in
expanding its customer base and product and service offerings; 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 Aftermarket
Services, Inc. CONTACT: Liz Zale of DealerTrack, Inc.,
+1-516-734-3758, ; or Jen Malloy of RF|Binder Partners,
+1-212-994-7542, , for DealerTrack Web site:
http://www.dealertrack.com/ http://www.wynnspaig.com/
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