|[January 25, 2014]
New Inventory+ from Dealertrack Combines Better Data and Leading Mobile Capabilities to Drive Higher Dealer Profits
NEW ORLEANS --(Business Wire)--
Dealertrack Technologies (Nasdaq:TRAK) today introduced Dealertrack
Inventory+, a new integrated inventory solution that combines the
best of Dealertrack's data driven inventory management offerings with
powerful new mobile and workflow accelerating innovations.
Dealertrack Inventory+ is enriched with advanced 360° data insight and
mobile capabilities. It transforms vehicle and market information into
increased trades, optimized turn rates and increased profit-per-day.
Delivering robust tools and analytics, Inventory+ covers dealers across
the entire lifecycle of the vehicle inventory process, including:
Stocking and Sourcing
"For several years, Dealertrack has delivered the most complete and
comprehensive transactional, listing and market information for used
vehicles, as well as the latest mobile innovations, in the industry,"
said Robert Granados, vice president and general manager, Inventory and
Interactive Solutions, Dealertrack. "Now, Inventory+ brings all of our
award-winning capabilities together, along with new innovations, to help
drive optimal and measureable results for our dealer and dealer group
Inventory+: The Combination of Innovative
Workflow and Powerful Analytics
Dealertrack delivers new, improved and powerful workflows and analytics
with Inventory+. For example, the cornerstone of the Inventory+ solution
is the new Appraisal Workflow functionality. The Appraisal Workflow tool
expedites the appraisal process by creating a uniformed and totally
integrated workflow process for dealers.
Using a simplified, user-friendly five-step process, Appraisal Workflow
allows dealers to easily capture and input all key information, and
manage information, photographs, condition, book-out data and values of
vehicles in their inventory. Typically, when it comes to inventory
management and reporting, dealers focus on either profits or turns.
Inventory+ allows dealers to focus on both profits and turns for
positive results. With Dealertrack Inventory+, dealers can create a
simple and powerful metric - Profits-PerDayTM (PPD) - that
can help them better manage both turn and gross profits.
"Our profit-per-day metric, which is the single most important
measurement of total profitability, will allow dealers to keep a better
pulse on the health of their businesses, while keeping their dealership
stocked with the right mix of vehicles best suited for their
marketplace," said Granados.
Dealertrack will be showcasing its comprehensive set of automotive
retail solutions for dealers, lenders and OEMs, including Dealertrack
Inventory+, throughout NADA at Booth #2811 in New Orleans.
About Dealertrack Technologies (www.dealertrack.com)
Dealertrack Technologies' intuitive and high-value web-based software
solutions and services enhance efficiency and profitability for all
major segments of the automotive retail industry, including dealers,
lenders, OEMs, third-party retailers, agents and aftermarket providers.
In addition to the industry's largest online credit application network,
connecting more than 20,000 dealers with more than 1,400 lenders,
Dealertrack Technologies delivers the industry's most comprehensive
solution set for automotive retailers, including Dealer
Management System (DMS), Inventory,
and F&I, Interactive
and Titling solutions.
Safe Harbor for Forward-Looking and Cautionary Statements
Statements in this press release regarding the benefits of Dealertrack
solutions, including Inventory+, any conclusions or statements based
thereon, and all other statements in this release other than the
recitation of historical facts are forward-looking statements (as
defined in the Private Securities Litigation Reform Act of 1995). These
statements involve a number of risks, uncertainties and other factors
that could cause actual results, performance or achievements of
Dealertrack Technologies to be materially different from any future
results, performance or achievements expressed or implied by these
Factors that might cause such a difference include the performance and
acceptance of Dealertrack's solutions, including Inventory+, the
performance of Dealertrack's third-party partners, and other risks
listed in our reports filed with the Securities and Exchange Commission
(SEC (News - Alert)), including our Annual Report on Form 10-K for the year ending
December 31, 2012 and our Quarterly Reports on Form 10-Q. These filings
can be found on Dealertrack Technologies' website at www.dealertrack.com
and the SEC's website at www.sec.gov.
Forward-looking statements included herein speak only as of the date
hereof and Dealertrack Technologies disclaims any obligation to revise
or update such statements to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated events or
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