DealerTrack Achieves Milestone of 450 Active Financing Sources in Its Network
26 11월 2007 - 11:00PM
PR Newswire (US)
LAKE SUCCESS, N.Y., Nov. 26 /PRNewswire-FirstCall/ -- DealerTrack
Holdings, Inc. (NASDAQ:TRAK), a leading provider of on-demand
software and data solutions for the U.S. automotive retail
industry, today announced that the number of active financing
sources connected to the DealerTrack(R) network has reached 450.
"We are pleased to arrive at this milestone, which reflects a
remarkable 48 percent increase for the year to date in the number
of financing sources on our network," said Mark O'Neil, chairman
and chief executive officer of DealerTrack. "Our growth rate has
accelerated this year as word has spread through the lender
community about the efficiency and convenience of the DealerTrack
network. More and more financing sources perceive joining our
network as a competitive advantage that they can leverage to grow
their automotive business." In addition to the 450 financing
sources on the DealerTrack network, approximately 90 percent of all
franchised automotive dealers in the United States are active
users. Through DealerTrack, dealers can electronically submit
credit applications to the industry's largest and most diverse
network of banks, finance companies, captive finance companies,
credit unions and regional banks. In addition, DealerTrack offers
subscription products to dealers that integrate with the credit
application process and provide an end-to-end sales and finance
solution. Products and services in the DealerTrack network improve
sales performance, assist with inventory management, and help to
increase sales and finance profits. DealerTrack's solutions enhance
compliance while integrating leads, desking, electronic contracting
and menu-selling. The company's Arkona, Inc. subsidiary offers one
of the industry's most powerful and economical dealer management
systems (DMS). Through AutoStyleMart, Inc., DealerTrack also now
offers solutions that enable dealers to procure, manage and sell
vehicle accessories. About DealerTrack DealerTrack Holdings, Inc.
(NASDAQ:TRAK) is a leading provider of on-demand software and data
solutions for the U.S. automotive retail industry. Our solutions
enable dealers to receive consumer leads, submit credit
applications, compare financing and leasing options, sell
insurance, vehicle accessories and other aftermarket products,
document compliance, and execute financing contracts
electronically. In addition, the company provides dealer management
systems (DMS) through its Arkona, Inc., subsidiary. Over 22,000
dealers, 450 financing sources, and many other service and
information providers are active in the DealerTrack network. For
more information, visit http://www.dealertrack.com/. Safe Harbor
for Forward-Looking and Cautionary Statements Statements in this
press release regarding DealerTrack, the benefits of our products
and services, connecting additional financing sources to 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 the
retention of dealers and financing source customers; selling
additional products and services to existing and new customers;
success in expanding our customer base and product and service
offerings and integrating acquisitions; and other risks listed in
our reports filed with the SEC, including our Annual Report on Form
10-K for the year ended December 31, 2006. These filings can be
found 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 we disclaim 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. TRAK-G Contacts: Raphael Carty DealerTrack
(516) 734-3777 Stephanie Lowenthal RF|Binder Partners (212)
994-7619 DATASOURCE: DealerTrack Holdings, Inc. CONTACT: Raphael
Carty of DealerTrack, +1-516-734-3777, ; or Stephanie Lowenthal of
RF|Binder Partners for DealerTrack Holdings, Inc., +1-212-994-7619,
Web site: http://www.dealertrack.com/
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