LAKE SUCCESS, N.Y. — DealerTrack Holdings Inc., a provider of on-demand software and data solutions for the U.S. automotive retail industry, recently announced that the number of active financing sources connected to the DealerTrack network has reached 400, an increase of 31 percent since the end of 2006.
Approximately 90 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. The company's Arkona, Inc. subsidiary offers one of the industry's most powerful and economical dealer management systems (DMS). Through AutoStyleMart, Inc., which DealerTrack acquired two weeks ago, the company also now offers solutions that enable dealers to procure, manage and sell vehicle accessories.