DealerTrack Adds New Functionality to Its InventoryPro Inventory Management Solution
17 3월 2009 - 8:30PM
Business Wire
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
that it has enhanced its InventoryPro inventory management solution
with the addition of:
- Expanded market reporting and
analytic capabilities
- The ability to update Internet
pricing to help dealers maximize profit.
These additions to InventoryPro�, coupled with the recently
acquired AAX� and PriceDriver� businesses, further strengthen
automotive retail�s most complete inventory solution.
Price forecasting analytics provided by Automotive Lease Guide
(alg), Inc., a DealerTrack company, and AutoCount market reporting
data from Experian Automotive will help dealers identify sales
opportunities and stock the most profitable, fastest-turning
vehicles. Recent sales data is available for a dealer�s market
area. Additional sales performance data includes transaction
prices, days-to-turn and gross profit, both at a regional and
national level. Armed with this information, dealers can take
action to proactively price their inventory to accelerate inventory
turn and/or increase profitability, and make better
wholesale/retail decisions.
Through an expanded partnership with AutoRevo, which already
supplies Internet price updates to AAX and PriceDriver, users will
be able to update a vehicle�s price on their Internet listings. As
dealers decide on appropriate price changes, they can modify their
vehicle pricing on third-party sites � such as Cars.com,
Autotrader.com, eBay Motors and craigslist � with a single
mouse-click.
�With robust new analytics and website update capabilities,
DealerTrack�s InventoryPro is a more powerful tool for dealers
looking to better control their inventory,� said Tim Zierden,
general manager, inventory at DealerTrack. �By helping dealers
stock the right vehicles and price them right, the solution
delivers demonstrated value � for a substantial return on their
technology investment.�
�In today�s trying times, dealers need to have up-to-date market
reporting that gives them insight into what�s selling across their
market so they can better manage their inventories,� said Scott
Waldron, president of Experian Automotive. �We are excited to
partner with DealerTrack in helping to supply dealers with this
information so they can continue to make the best inventory
decisions for their businesses.�
�We are pleased to provide Internet pricing updates for all
three DealerTrack inventory management solutions � AAX,
InventoryPro and PriceDriver,� said Chad Polk, president of
AutoRevo. �Updating inventory on the Internet has become a critical
element of selling online. We are excited to partner with
DealerTrack to help give dealerships the ability to move cars
online fast.�
DealerTrack�s InventoryPro provides dealers with the tools they
need to monitor and manage their inventory. In addition to the
vehicle sales performance reports, dealers can access metrics from
multiple sources to complete appraisals, search real-time auctions
for sourcing and vehicle stocking, view pricing recommendations
based on their own transaction data, and receive real-time retail
market pricing data.
About DealerTrack
(www.dealertrack.com)
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 DMS (dealer management
system) is used by dealerships nationwide. Over 19,000 dealers,�730
financing sources, and many other service and information providers
are active in the DealerTrack network. For more information, visit
www.dealertrack.com.
Safe Harbor for
Forward-Looking and Cautionary Statements
Statements in this press release regarding the benefits of the
DealerTrack Inventory Management Solution, added functionality of
InventoryPro, 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 adoption
by dealers of the DealerTrack Inventory Management Solution, the
performance by DealerTrack�s third party partners, and other risks
listed in our reports filed with the Securities and Exchange
Commission (SEC), including our Annual Report on Form 10-K for the
year ended December 31, 2008. These filings can be found on
DealerTrack's website at www.dealertrack.com and the SEC's website
at www.sec.gov. Forward-looking statements included herein speak
only as of the date hereof and DealerTrack 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.
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