DealerTrack Launches Vehicle Inventory Optimization Solution
09 7월 2009 - 8:00PM
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 launched a new inventory optimization solution that
fully integrates and extends the capabilities acquired with
DealerTrack�s purchase of AAX in January. DealerTrack Inventory
Optimization, powered by AAX, is designed to meet the needs of
dealers of any size, from national dealer groups to single-point
franchise and independent dealerships.
The solution includes new proprietary Scoring and Recommendation
functionality to help dealers determine what to do with a vehicle
at the time of appraisal based on potential profit levels. For any
particular vehicle, a numerical score and buy/sell recommendation
are assigned based on actual transactions involving that make/model
in a dealer�s own store and the surrounding market area. With this
unique functionality, dealers can make smarter decisions and
develop specific strategies for all trade-ins when the trade-in is
first appraised.
�DealerTrack Inventory Optimization is built on the premise that
better data helps dealers make smarter inventory decisions that
drive increased profits,� said Tim Zierden, general manager,
inventory solutions at DealerTrack. �In today�s market, managing
inventories more proactively and systematically is one of the
smartest moves dealers can make to improve their top and bottom
lines.�
DealerTrack Inventory Optimization, which is structured as four
distinct service offerings, helps dealers take the guesswork out of
managing their inventory. The solution is driven by the industry�s
most comprehensive data set, including over 30 million actual
vehicle transactions. With this easy-to-use platform, dealers can
make smarter decisions from the point of acquiring vehicles through
the entire vehicle lifecycle. Leveraging the solution�s technology
and consulting services, dealers can develop a specific and
strategic plan for each and every vehicle and thereby increase
gross profits and reduce days-to-turn.
Mr. Zierden concluded, �Based on a recent analysis, on average,
dealers implementing core vehicle recommendations provided by
DealerTrack have increased their gross profit per vehicle by 53%
and reduced days-to-turn by 11 days.�*
About DealerTrack
(www.dealertrack.com)
DealerTrack�s high-value software solutions enhance efficiency
and profitability for all major segments of the automotive retail
industry, including dealers, lenders, OEMs, agents and aftermarket
providers. DealerTrack operates the industry�s largest online
credit application network, connecting approximately 19,000 dealers
with over 750 financing sources. Our solution set for dealers is
the industry�s most comprehensive. Our Dealer Management System
(DMS) enables dealers to effectively manage data and operations
from a system with an open integration interface. With DealerTrack
Inventory Optimization, dealers get better data along with the
tools to make smarter, more profitable inventory decisions. Our
Sales and F&I solution enables dealers to streamline the entire
sales process, quickly structuring all types of deals from a single
integrated platform. DealerTrack�s Compliance solution helps
dealers meet legal and regulatory requirements and protect their
hard-earned assets. DealerTrack�s family of companies also includes
data and consulting services providers, ALG (Automotive Lease
Guide) and Chrome Systems. For more information, visit
www.dealertrack.com.
Safe Harbor for
Forward-Looking and Cautionary Statements
Statements in this press release regarding the benefits of
DealerTrack�s Inventory Optimization Solution 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 accuracy of
the information gathered by DealerTrack, the implementation and use
of DealerTrack Inventory Optimization by its customers, 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.
*Based upon a 2008 analysis comparing AAX subscribers that
implemented core recommendations more than 50% of the time vs.
those that followed recommendations less than 20% of the time.
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