Lake Success, N.Y. — DealerTrack Holdings Inc. a provider of on-demand software, network and data solutions for the automotive retail industry in the United States, announced that the number of active financing sources connected to the DealerTrack(R) network has reached 350. Among the recent additions is Maserati Financial Services.
"We are excited to reach this milestone," said Mark O'Neil, chairman and chief executive officer of DealerTrack. "The continued expansion of the DealerTrack network makes it increasingly beneficial for our over 22,000 dealer customers. By providing efficient online access to the industry's largest, most diverse network of automotive lenders, we are helping dealers to best meet their customers' needs and sell more vehicles."
"The integration of the DealerTrack system and our underwriting platform has produced results beyond all expectations," said Todd Trawick, senior director of Maserati Financial Services. "The efficiencies realized throughout our underwriting process are truly amazing."
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 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.