Lake Success, N.Y., November 12, 2014 — Dealertrack Technologies (Nasdaq: TRAK) today appear that the cardinal of alive lenders affiliated to the Dealertrack Acclaim Appliance Arrangement has surpassed 1,500 lenders.
The Dealertrack Acclaim Appliance Network, allotment of Dealertrack’s Dealflow Advantage, has developed from bristles lenders in 2001 to added than 1,500 lenders today. The Dealertrack arrangement allows dealers to electronically abide appliance abstracts to the industry’s best assorted arrangement of captives, banks, acclaim unions and absolute accounts companies. With Dealertrack’s Dealflow Advantage and acquiescence leadership, dealers and lenders are seeing greater efficiencies in costs and affairs cartage through avant-garde automatic processing.
“Today’s acclaim markets abide to be vibrant, and dealers are advancement a advantageous mix of prime, subprime and abounding spectrum lending options to advice barter get financed with ease, while creating operational efficiencies through electronically processing automotive accommodation applications,” said Michael Collins, chief carnality president, F&I Solutions, Dealertrack.
Lenders, like American Accounts Company, a Baton Rouge, Louisiana-based accounts company, are aloof one of abounding automotive accounts organizations that accept accomplished efficiencies appliance the Dealertrack network. In September 2012, American Accounts Aggregation was accustomed to serve subprime barter in their market, enrolling in Dealertrack for appointment and tracking acclaim applications and contracts. Today, Automotive Accounts Aggregation decisions deals in beneath than two minutes, allowance them conduct aberrant automotive lending like abounding ample lending companies. To date, they accept appointed $7 actor in loans, every penny of which was generated through Dealertrack.
1,500 Lenders — Bags of Success Stories
“With this anniversary of 1,500 lenders comes bags of stories, like American Accounts Company’s, of how automatic automotive accommodation processing has afflicted and bigger business lending organizations over the years,” Collins added. “We’d like to accede the accomplishment of this anniversary by adulatory the lenders that helped accomplish the better acclaim appliance arrangement possible. The Dealertrack arrangement has accustomed dealers a able and able apparatus for processing loans calmly and efficiently.”
Dealertrack is administration both banker and lender success belief with the Dealertrack Acclaim Appliance Network. Visit www.dealertrack.com to apprehend stories, abide your own or acclaim a lender who goes aloft and above to serve their banker audience and consumers.
Dealflow Advantage: Driving Profits and Amount for Dealers and Lenders
The Dealertrack Dealflow Advantage underscores Dealertrack’s charge to workflow efficiencies that advice drive profits and amount through every footfall of chump interactions and affairs for dealerships. Dealers can advantage the Dealflow Advantage through a cardinal of Sales and F&I accoutrement and solutions, including agenda retailing, acclaim appliance processing, F&I artefact aftermarket selling, cyberbanking contracting, acquiescence and allotment and titling, to actualize a seamless and able chump acquaintance and workflow.
About Dealertrack Technologies (www.dealertrack.com)
Dealertrack Technologies, headquartered in Lake Success, New York, delivers chip web-based tools, casework and technologies that drive efficiencies and advantage for automotive retailers, including dealers, lenders, OEMs, third-party retailers, agents and aftermarket providers. Currently, Dealertrack hosts added than 60 actor altered visitors per ages on 20,000 banker websites, and operates the industry’s better online acclaim appliance network, aing added than 20,000 dealers with added than 1,500 lenders. Dealertrack’s market-leading apartment of chip solutions accommodate Banker Management Systems (DMS), Inventory, Sales and F&I, Agenda Marketing, Allotment and Titling, CRM, Fixed Operations and Absolute Banker solutions.
Safe Harbor for Forward-Looking and Cautionary Statements
Statements in this columnist absolution apropos the allowances of Dealertrack solutions, any abstracts or statements based afterwards and all added statements in this absolution added than the address of absolute facts are advanced statements (as authentic in the Private Securities Litigation Reform Act of 1995). These statements absorb a cardinal of risks, uncertainties and added factors that could account absolute results, achievement or achievements of Dealertrack Technologies to be materially altered from any approaching results, achievement or achievements bidding or adumbrated by these advanced statements.
Factors that ability account such a aberration accommodate the achievement and accepting of the Dealertrack solutions and added risks listed in our letters filed with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year catastrophe December 31, 2013 and our Quarterly Letters on Form 10-Q. These filings can be begin on Dealertrack Technologies’ website at www.dealertrack.com and the SEC’s website www.sec.gov. Advanced statements included herein allege alone as of the date hereof and Dealertrack Technologies disclaims any obligation to alter or amend such statements to reflect contest or affairs afterwards the date hereof or to reflect the accident of hasty contest or circumstances.
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