The Industry's Leading Source For F&I, Sales And Technology

Software & Technology

DealerTrack Network Now Has 450 Active Financing Sources

November 26, 2007

LAKE SUCCESS, N.Y. — DealerTrack announced that the number of active financing sources connected to its network is now 450.

"We are pleased to arrive at this milestone, which reflects a remarkable 48-percent year-to-date increase for the year to date in the number of financing sources on our network," said Mark O'Neil, chairman and chief executive officer of DealerTrack. "Our growth rate has accelerated this year as word has spread through the lender community about the efficiency and convenience of the DealerTrack network. More and more financing sources perceive joining our network as a competitive advantage that they can leverage to grow their automotive business."

In addition to the 450 financing sources on the DealerTrack network, approximately 90 percent of all franchised automotive dealers in the United States are active users.

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.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  

CLOSE [X]

READ NEXT

PatriotDealer.Com Offers Red Flag Compliance Technology

PatriotDealer.com will offer a complete Red Flag Rule compliance solution to dealers everywhere starting Dec. 1.