DealerTrack Completes Integration of Manheim Market Report with Inventory Optimization Solution
19 8월 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 fully integrated Manheim Market Report (MMR) data with
its Inventory Optimization solution, enabling dealers to more
easily review auction trends and leverage that information in
managing their used vehicle inventory.
As previously announced, DealerTrack Inventory Optimization
integrates and expands the capabilities acquired with DealerTrack’s
purchase of AAX in January. The new platform is structured to meet
the needs of any dealer with one of four distinct service
offerings. DealerTrack’s earlier inventory solution had fully
incorporated MMR data, but AAX’s had not.
“By completing the integration of MMR data, we have leveraged
DealerTrack’s technology infrastructure to deliver a significant
enhancement for all Inventory Optimization subscribers,” said Tim
Zierden, general manager, inventory solutions at DealerTrack. “This
is another illustration of our commitment to provide dealers with
more and better data so they can make the right inventory decisions
and boost their profits in these challenging times.”
Manheim Market Report provides real-time auction transaction
volume and pricing data on specific used vehicle makes and models,
both on a national and regional basis. DealerTrack Inventory
Optimization is fully integrated with MMR which saves dealers time
and enhances their efficiency – because there is no need to login
or re-enter vehicle data in a separate window.
“We are pleased to strengthen our partnership with DealerTrack
through the integration of Manheim data across DealerTrack’s entire
suite of inventory solutions,” said Lynn Morgan, Vice President at
Manheim. “Working together, we are helping dealers better manage
their used vehicle inventory by providing highly relevant live
market data.”
DealerTrack also announced that it has received very positive
feedback from dealers on the new Scoring and Recommendation
functionality that was launched with its redesigned Inventory
Optimization solution last month. Scoring and Recommendation helps
dealers determine what they should do with trade-ins and how they
will value them by assigning a numerical score and buy/sell
recommendation based on actual recent transactions involving those
types of vehicles.
"DealerTrack's new Scoring and Recommendation tool makes
assessing specific vehicles we're considering as trade-ins more
transparent. In addition it’s helping us evaluate how a make and
model are performing in our local market and historically in our
dealerships," said Geoff Bedine, Used Vehicle Director for Group 1
Automotive. "This solution is providing us accurate data so we can
have a quantifiable plan for how we will market or dispose of
trades, thus giving us the necessary flexibility to
make valuation adjustments at the time of sale."
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 18,000 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 the accuracy
of the information gathered by DealerTrack, the integration between
Manheim and 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 f or to reflect the occurrence of
unanticipated events or circumstances.
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