DealerTrack Completes Acquisition, Receives Dealer Association Endorsement
August 03, 2012
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LAKE SUCCESS, N.Y. — Along with an announcement about the
completion of its latest acquisition, DealerTrack revealed on Thursday that it
received the endorsement from a state dealer association.
Officials highlighted the Virginia Automobile Dealers
Association has endorsed DealerTrack's Sales and F&I, Inventory Management
and Electronic Vehicle Registration solutions for use by Virginia dealerships.
The DealerTrack solutions and services recommended by the
association include the company's desking, electronic menu and contracting
tools, its industry leading credit application network and its compliance
solution.
The company's entire inventory management solution, its
dealer website service and electronic vehicle registration and titling service
were also endorsed by VADA.
"DealerTrack and its solutions have proven themselves at
numerous Virginia dealerships over the years," said Donald Hall, VADA's
president and chief executive officer.
"We feel that these solutions and services from DealerTrack
will help any Virginia dealer better manage and increase their business," Hall
continued.
DealerTrack chairman and CEO Mark O'Neil added, "This endorsement
is a testament to the fact that DealerTrack's solutions can help dealerships
improve overall efficiencies, resulting in more sales and better customer
experiences.
"We are looking forward to working with the association and
its members to realize the benefits of greater productivity through the use of
our solutions," O'Neil went on to say.
DealerTrack reiterated that it is an active participant in
dealer associations throughout the United States and Canada, including being a
regular featured participant at state association conferences and 20 Group
sessions.
In addition to VADA, DealerTrack executives pointed out
their solutions and services have been recommended or endorsed by nearly
one-third of all dealer associations and organizations across the United
States.
DealerTrack Completes Acquisition of 1st Auto Transport
Directory
In other company news, DealerTrack announced that it
completed its acquisition of 1st Auto Transport Directory, a Web-based network
for arranging vehicle transportation and shipping.
The agreement to acquire 1st Auto Transport Directory was
announced on July 19. SubPrime Auto Finance News published the details here.
DealerTrack indicated the financial impact of the 1st Auto
Transport Directory acquisition will be discussed as part of its second quarter
earnings conference call on Tuesday.
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