DealerTrack AAX Adds New Market Insight and Sourcing Functionality
12 2월 2010 - 9:30PM
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 the DealerTrack AAX inventory management
solution with the addition of new “MarketDriver” functionality. The
new functionality provides dealers with an unprecedented range of
regional market information to help them identify and acquire
vehicles that perform well in their markets – empowering them to
make smart, low-risk inventory decisions that maximize dealership
profits.
MarketDriver allows DealerTrack AAX users to see top-performing
vehicles in their local market. No other technology provider offers
such a powerful combination of data from ALG, Experian (AutoCount)
and Manheim. Each individual dealership can now access customized
information based on their defined geographical market and other
preferences. Dealers who use DealerTrack AAX will be able to see
market days’ supply, average listing price, and regional profit
potential.
DealerTrack AAX continues to provide dealers with historical
transaction information that details how particular vehicles have
performed in their dealership. With this new integration, dealers
also get the tracking capability to more effectively manage the
performance of vehicles they are adding to their inventory mix. Not
only can dealers see top market performers, they can track whether
those picks are top performers for them. Taken together, the data
provides a complete picture of how a vehicle has performed
historically, both for the dealer and in its regional market, while
also mitigating risk and providing insight into its potential
future performance.
In addition, MarketDriver helps streamline the sourcing process
for needed vehicles, all from one screen. It allows a dealer to
quickly and easily search for a used vehicle by checking its own
database of customers (sales and service) and prospects (missed
appraisals), inventory at any affiliated stores, and current
auction listings (physical and online). The solution then presents
the sourcing options in order of their profit potential for the
dealer.
“In today’s market environment, it is increasingly difficult to
source quality used vehicles, and many dealers may be forced to
stock ‘non-core’ vehicles that they have not previously sold – or
sold successfully,” said Raj Sundaram, senior vice president,
solutions and services group at DealerTrack. “Our new MarketDriver
functionality enables dealers to access a wide array of regional
market information about a particular vehicle, and to identify the
best way to acquire it, so they can confidently make more
aggressive inventory decisions that enhance their profits while
minimizing the risks.”
Mr. Sundaram continued, “We are passionate about providing our
dealers with the best tools in the marketplace to make the right
decisions about what vehicles to stock. We know that when dealers
stock the right vehicles and price them right they can achieve
faster turns and improved profitability. In order to give our
customers that edge, we have included MarketDriver as part of our
core package.”
MarketDriver will be rolled out automatically for all
DealerTrack AAX customers at no additional cost.
About DealerTrack
(www.dealertrack.com)
DealerTrack’s intuitive and 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. Our solution set for dealers is
the industry’s most comprehensive. DealerTrack operates the
industry’s largest online credit application network, connecting
approximately 17,000 dealers with over 800 financing sources. Our
Dealer Management System (DMS) provides dealers with easy-to-use
tools with real-time data access that will streamline any
automotive business. With DealerTrack AAX, dealers get the
inventory management tools and services needed to accelerate turns
and increase profit. 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.
Safe Harbor for
Forward-Looking and Cautionary Statements
Statements in this press release regarding the benefits of
DealerTrack’s inventory solutions, including MarketDriver; the
benefits of the integration of ALG, Experian and Manheim data and
tools; 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 DealerTrack’s inventory solutions, including
MarketDriver; 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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