DealerTrack Announces Enhancements to its InventoryPro Solution
09 2월 2008 - 11:02PM
PR Newswire (US)
Real-Time, Online Access to Manheim Auctions LAKE SUCCESS, N.Y.,
Feb. 9 /PRNewswire-FirstCall/ -- DealerTrack, Inc., a subsidiary of
DealerTrack Holdings, Inc. (NASDAQ:TRAK), a leading provider of
on-demand software and data solutions for the U.S. automotive
retail industry, today announced several enhancements to its
InventoryPro inventory management solution for auto dealers.
Carfax-subscribing dealers using DealerTrack's InventoryPro and
BookOut solutions will have integrated, "one-click" access to
Carfax Vehicle History Reports. Dealers rely on Carfax Reports to
make more informed decisions about specific used vehicles they
consider buying or selling. Using VIN-based information from more
than 20,000 sources, Carfax Reports may highlight Carfax 1-Owner
cars, vehicle usage and service records, title information and
other events such as accidents or flood damage. "We are very
pleased to begin providing integrated access to Carfax Vehicle
History Reports," said Mark O'Neil, chairman and chief executive
officer of DealerTrack. "We believe our summary report format will
be particularly valuable and unique in the industry, allowing
dealers to see at a glance how many owners a car has had.
Typically, single-owner vehicles sell significantly faster and at a
premium to cars that have had multiple owners, which can help
dealers improve their inventory turns and profitability." "Carfax
1-Owner cars are the most sought-after vehicles on the market
today," said Larry Gamache, communications director at Carfax.
"Studies show that used car shoppers will pay up to 15 percent more
for a car Carfax identifies as having only one owner. This unique
enhancement to DealerTrack's solutions helps our customers ensure
they stock the right vehicles in their inventory and make more
money on each sale." DealerTrack also is launching an inventory
exchange that provides dealers with real-time, online access to
inventory and auction data from Manheim auctions. The integration
of this functionality into InventoryPro allows dealers to better
manage their inventory needs from a single, central location, and
enabling them to be more prepared at auctions, with detailed
listings of vehicles they want to purchase. In addition,
DealerTrack is upgrading the InventoryPro user interface to provide
a new "dashboard" view with an inventory performance summary and
the capability to quickly drill down into various aspects of
inventory performance. InventoryPro helps dealers turn their
inventory faster and improve profitability by recommending specific
vehicles to buy or sell, based on an analysis of each dealer's
sales history. InventoryPro also provides dealers with tools to
appraise and book out their inventory, enabling them to identify
and quantify positive and negative equity in inventory, as well as
inventory age by type and value of units. O'Neil concluded, "With
these enhancements, we believe that InventoryPro provides
exceptional functionality and integrated online connectivity. It is
an economical solution with analytical tools driven by cold, hard
facts to help dealers leverage their valuable knowledge and
instincts about their local markets." 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 DealerTrack Arkona DMS (dealer
management system) is used by dealerships nationwide. Over 22,000
dealers, 500 financing sources, and many other service and
information providers are active in the DealerTrack network. For
more information, visit http://www.dealertrack.com/. About Carfax
(http://www.carfax.com/) Millions of used car buyers and sellers
each year rely on Carfax, the most trusted provider of vehicle
history information. Using the unique 17-character vehicle
identification number (VIN) found on vehicle dashboards and title
documents, Carfax instantly generates a detailed Vehicle History
Report on any used car or light truck. Carfax Vehicle History
Reports(TM) provide valuable information that helps used car buyers
and sellers make better decisions. Free Carfax Vehicle History
Reports are instantly available with vehicles listed in nearly
every online marketplace by Carfax-subscribing dealers. For more
information, ask your dealer or visit http://www.carfax.com/. Safe
Harbor for Forward-Looking and Cautionary Statements Statements in
this press release regarding enhancements to DealerTrack's
InventoryPro product, their benefits to dealers, 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 , or
Stephanie Lowenthal of RF|Binder Partners, +1-212-994-7619, or ,
for DealerTrack Web site: http://www.dealertrack.com/
http://www.carfax.com/
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