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Software & Technology

DealerTrack Achieves Milestone of 325 Active Financing Sources in Its Network

February 15, 2007

Lake Success, N.Y. - DealerTrack Holdings Inc., a provider of on-demand software, network and data solutions for the automotive retail industry, has announced that 325 active financing sources are now connected to the DealerTrack network.

"The power of the DealerTrack network continues to grow as we connect more financing sources, dealers, and other providers," said Mark O'Neil, chairman and chief executive officer of DealerTrack. "Providing dealers with the largest network of automotive lenders helps dealers sell more cars and enhances origination potential for the financing sources. More lender choice means greater ability for dealers to choose financing that meets dealer objectives while serving customer needs."

Approximately 89 percent of all franchised automotive dealers in the United States are active in the DealerTrack network. Through DealerTrack, dealers can electronically submit credit applications to the industry's largest and most diverse network of banks, finance companies, captive finance companies, credit unions and regional banks.

In addition, DealerTrack offers subscription products to dealers that integrate with the credit application process and provide an end-to-end sales and finance solution. Products and services in the DealerTrack network improve sales performance, assist with inventory management, and help to increase sales and finance profits. DealerTrack's solutions enhance compliance while integrating leads, desking, electronic contracting and menu selling.

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