Company’s Sales and F&I, Inventory Management and Electronic Vehicle Registration Solutions Recommended by VADA
LAKE SUCCESS, N.Y. — DealerTrack (Nasdaq: TRAK) today announced that the Virginia Automobile Dealers Association (VADA) has endorsed DealerTrack’s Sales and F&I, Inventory Management and Electronic Vehicle Registration solutions for use by Virginia dealerships.
The DealerTrack solutions and services recommended by the association include the company’s desking, electronic menu and contracting tools, its industry leading credit application network, and its compliance solution. The company’s entire inventory management solution, its dealer website service, and electronic vehicle registration and titling service were also endorsed by VADA.
“DealerTrack and its solutions have proven themselves at numerous Virginia dealerships over the years,” said Donald L. Hall, president and chief executive officer, VADA. “We feel that these solutions and services from DealerTrack will help any Virginia dealer better manage and increase their business.”
“This endorsement is a testament to the fact that DealerTrack’s solutions can help dealerships improve overall efficiencies, resulting in more sales and better customer experiences,” said Mark O’Neil, chairman and chief executive officer, DealerTrack. “We are looking forward to working with the association and its members to realize the benefits of greater productivity through the use of our solutions.”
DealerTrack and Automobile Dealer Associations
DealerTrack is an active participant in dealer associations throughout the United States and Canada, including being a regular featured participant at state association conferences and in Twenty-Group sessions.
In addition to VADA, DealerTrack solutions and services have been recommended or endorsed by nearly one-third of all dealer associations and organizations across the United States.
About DealerTrack (www.dealertrack.com)
DealerTrack’s intuitive and high-value web-based software solutions and services enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, OEMs, third-party retailers, agents, and aftermarket providers. DealerTrack, whose solution set for dealers is the industry’s most comprehensive, operates the largest online credit application network in the United States, connecting over 18,000 dealers with more than 1,200 lenders. DealerTrack’s Dealer Management System (DMS) provides dealers with easy-to-use tools and real-time data access to enhance their efficiency. DealerTrack’s Inventory offerings provide vehicle inventory management and merchandising solutions to help dealers drive higher in-store and online traffic with state-of-the-art, real-time listings, accelerate used-vehicle turn rates, and increase dealer profits. DealerTrack’s Sales and F&I solutions allow dealers to streamline the entire sales process as they structure deals from a single integrated platform. Its Compliance offering helps dealers meet legal and regulatory requirements, and protect their assets. DealerTrack also offers processing solutions for the automotive industry, including electronic motor vehicle registration and titling applications, paper title storage, and digital document services. 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 solutions and services, VADA’s endorsement of DealerTrack’s solutions and services, 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 continued use by dealers of DealerTrack’s solutions and services, VADA’s continuing to endorse DealerTrack’s solutions and services, 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 ending December 31, 2011. 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.