DealerTrack Expands Network to Include Auto Lead Providers
05 6월 2006 - 11:00PM
PR Newswire (US)
Initial Partners include Bar None, BlueSky Marketing and
InterActive Financial Marketing Group LAKE SUCCESS, N.Y., June 5
/PRNewswire/ -- DealerTrack, Inc., a subsidiary of DealerTrack
Holdings, Inc. (NASDAQ:TRAK) today announced the expansion of its
network to integrate the lead management systems of auto lead
providers with DealerTrack's sales and finance solution for
automotive dealers. Bar None and BlueSky Marketing Group were the
first lead providers to offer integration with DealerTrack to their
dealer customers, launched earlier in 2006. InterActive Financial
Marketing Group, which operates CARLOAN.com, AUTOLOAN.com and
1-800-AUTO-LOAN, recently became the third provider to go live on
the network. Dealers who purchase leads from participating
providers can directly import lead and customer information into
the DealerTrack network and work those deals seamlessly from leads
through financing. DealerTrack provides free access to information
about all of a dealership's leads from connected lead providers, as
well as those from their own website. "The value of a lead greatly
diminishes with time. DealerTrack enables lead providers almost
real time distribution into the F&I office or sales desk, thus
increasing the probability of lead closure," said Vince Passione,
president of DealerTrack, Inc. "We also provide additional
functionality that enables dealers to manage leads more
effectively, convert more leads into sales, and analyze the
performance of their lead providers." Dealers can view complete
details about individual leads, and see at a glance whether credit
applications were submitted for particular leads. They can
automatically pre-fill and submit a credit application or a credit
bureau application with a couple of mouse clicks. Information from
lead providers can also be transferred electronically to
SalesMaker(TM), DealerTrack's new desking and profit management
solution, enabling the dealer to quickly identify the most
profitable vehicle and financing options for particular leads.
Passione added, "By integrating lead providers with the DealerTrack
network, our solution spans even more aspects of the automotive
sales and finance process, from lead acquisition through desking,
credit applications, aftermarket sales, and eContracting. Dealers
benefit as we continue to streamline their process, while lead
providers can grow more rapidly by leveraging the broad
distribution capabilities of the DealerTrack network." 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 85% of all franchised dealers; more than 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 development and expansion of DealerTrack's products
and services, the demand for DealerTrack's products and benefits to
dealers, benefits to lead providers and integration with the
DealerTrack network, 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: increased competitive
pressure from other industry participants, 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; ability to integrate acquisitions; the
impact of the automotive retail industry on DealerTrack's business;
the impact of some vendors of software products for automotive
dealers making it more difficult for our customers to use our
products and services, 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 Kirsten Plonner RF|Binder Partners
(212) 994-7546 DATASOURCE: DealerTrack, Inc. CONTACT: Liz Zale of
DealerTrack, Inc., +1-516-734-3758, ; or Kirsten Plonner of
RF|Binder Partners for DealerTrack, Inc., +1-212-994-7546, Web
site: http://www.dealertrack.com/
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