LAKE SUCCESS, N.Y. — DealerTrack Inc., a subsidiary of DealerTrack Holdings Inc., a software provider for the U.S. automotive retail industry, announced that the number of active financing sources connected to the DealerTrack network has reached 900.
"We're pleased to have connected our 900th lender - substantially more than other auto finance networks," said Mark O'Neil, chairman and chief executive officer of DealerTrack. "Growth of the number of lenders on the DealerTrack network has clearly accelerated over the last year, reflecting the renewed interest of lenders in the auto financing market, as well as our continued success in bringing regional banks and credit unions on board. By providing dealers with free online access to such a broad lender universe, we are helping them sell more cars by expanding their financing relationships."
Through DealerTrack, dealers can electronically submit credit applications to the industry's largest and most diverse network of banks, independent finance companies, captive finance companies, credit unions and regional banks. The DealerTrack Performance Suite offers dealer management systems, inventory management, sales, F&I and compliance solutions.