LAKE SUCCESS, N.Y.,
Jan. 18, 2012 /PRNewswire/
-- DealerTrack Holdings, Inc. (Nasdaq: TRAK) today introduced
SmartFind, a new cutting-edge online inventory search and
comparison solution tied to actual dealer inventory for automotive
manufacturers, portals, technology providers and dealers.
(Logo:
http://photos.prnewswire.com/prnh/20101028/DEALERTRACKLOGO )
This new web service, which allows dealers to dynamically limit
online vehicle selections on their websites to inventoried
vehicles, uses proprietary "best match" search algorithms to return
a ranked list of available vehicles in inventory, based upon a
consumer's specific search parameters. The service then allows
consumers to perform robust comparisons of actual vehicles within
inventory.
"In today's market, consumers expect to perform more of the
vehicle transaction process online than ever before. However,
traditional inventory searches have been a stumbling point because
they don't link directly to current inventory at a particular
dealership," said Amit Maheshwari,
general manager, DealerTrack Data Services and Digital Retailing
Solutions. "The SmartFind solution will integrate fully with
the dealer's existing online vehicle and inventory workflows to
deliver timely and more accurate vehicle availability information
and the ability to compare inventoried vehicles. We
anticipate this solution will create a better user experience,
increase dealership visits and ultimately, have a positive impact
on sales."
For more information about the SmartFind online inventory search
solution, visit this link. SmartFind, which will be distributed by
Chrome Data Solutions, a joint venture between DealerTrack and
AutoData, will be on display in the DealerTrack Booth (#1751) at
the upcoming NADA Convention and Expo, in Las Vegas, February
4th – 6th, 2012.
About DealerTrack (www.dealertrack.com)
DealerTrack's intuitive and high-value software solutions and
services enhance efficiency and profitability for all major
segments of the retail automotive industry, including dealers,
lenders, OEMs, agents and aftermarket providers. DealerTrack,
whose solution set for dealers is the industry's most
comprehensive, operates the largest online credit application
network in the United States,
connecting over 17,000 dealers with more than 1,100 lenders.
DealerTrack's Dealer Management System (DMS) provides dealers
with easy-to-use tools and real-time data access to enhance their
efficiency. DealerTrack's Inventory offerings provide vehicle
inventory management and merchandising solutions to help dealers
drive higher in-store and online traffic with state-of-the-art,
real-time listings — leading to accelerated used-vehicle turn rates
and higher dealer profits. DealerTrack's Sales and F&I
solutions allow dealers to streamline the entire sales process as
they structure deals from a single integrated platform. Its
Compliance offering helps dealers meet legal and regulatory
requirements, and protect their assets. DealerTrack also
offers additional solutions for the automotive industry, including
electronic motor vehicle registration and titling applications,
paper title storage, and digital document services. For more
information visit: www.dealertrack.com.
Safe Harbor for Forward-Looking and Cautionary
Statements
Statements in this press release regarding the benefits to
dealers of SmartFind and 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 to be materially different from any
future results, performance or achievements expressed or implied by
these forward-looking statements.
Factors that might cause such a difference include the
integration between SmartFind and dealers inventory solutions and
other risks listed in DealerTrack's reports filed with the
Securities and Exchange Commission (SEC), including our Annual
Report on Form 10-K for the year ended December 31, 2010. These filings can be found on
DealerTrack's 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
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 circumstances.
TRAK-G
SOURCE DealerTrack Holdings, Inc.