AmeriCredit
Corp. announced Jan. 23 the immediate availability of instant
loan decision capability for auto dealers utilizing the
DealerTrack system.AmeriCredit's proprietary loan decision tool analyzes the data
submitted via the Internet through DealerTrack, a free tool available
to dealers for providing consumer financing, and electronically
returns a decision in minutes. The service is "always
available, 24/7" so dealers can spend more time selling cars."AmeriCredit has long been a technology innovator, investing in
information-based solutions that enable best-in-class service to
dealers through our extensive branch network," commented Mark Floyd,
president of dealer services for AmeriCredit. "This has resulted in
new ideas and continuous improvements which have helped us become the
largest independent middle-market auto lender in North America.""We are extremely pleased that AmeriCredit has chosen to enhance
their dealer offering exclusively through DealerTrack," commented Mark
O'Neil, president and chief executive officer of DealerTrack.
"Implementing automated decisioning enables almost instantaneous
turnaround time and completes the full automation of the credit
process. Lenders like AmeriCredit are quickly distinguishing
themselves as technology innovators and top notch service providers,"
added O'Neil.AmeriCredit will demonstrate the DealerTrack application in its
booth at the National Auto Dealer Association (NADA) Trade Show in New
Orleans beginning Saturday, January 26 through Tuesday, January 29,
2002 at the Ernest N. Morial Convention Center, Booth No.4721.
Demonstrations will also be available at the DealerTrack booth,
No.1069.AmeriCredit, JP Morgan Chase and Wells Fargo developed the
DealerTrack system for automating the auto dealer-lender process. By
enabling dealers to submit loan applications to multiple lenders 24
hours a day, 7 days a week, DealerTrack claims to provide an end-to-end loan
and lease transaction channel that improves efficiencies and
profitability for lender and dealer users.About AmeriCreditAmeriCredit Corp. is an independent
middle-market auto finance company in North America. Using its branch
network and alliances with auto groups and banks, the
company makes auto loans to consumers who are typically unable to
obtain financing from traditional sources. AmeriCredit has nearly one
million active loan customers throughout the United States and Canada
and more than $12 billion in managed auto receivables. The company was
founded in 1992 and is headquartered in Fort Worth, Texas. For more
information, visit www.americredit.com.About DealerTrackDealerTrack Holdings, Inc., parent company to DealerTrack.com,
Inc. and newly acquired Webalg, is a technology services
company enabling finance transactions between automobile dealers and
lenders. The Company provides an impartial end-to-end loan and lease
transaction channel that improves efficiencies and profitability for
lender and dealer users by automating credit processes, speeding
lending communications and improving transaction efficiency through
the use of the Internet, according to DealerTrack. More than 11,500 dealerships nationwide
currently use the DealerTrack system to electronically communicate and
transact with their lender providers. The investor group backing
DealerTrack includes affiliates of: AmeriCredit Corp., Automotive
Lease Guide, LLC, Capital One Financial Corp., JP Morgan Chase & Co.,
Wells Fargo & Company and WFS Financial Inc. DealerTrack can be found
on the web at www.dealertrack.com or contacted at the Company's
headquarters in Melville, NY at 631/486-1600.
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