FARMINGTON HILLS, Mich. and
LAKE SUCCESS, N.Y., Feb. 1, 2012 /PRNewswire/ -- Mercedes-Benz
Financial Services USA LLC
and DealerTrack (Nasdaq: TRAK) today announced that MBFS
will become a lender on the DealerTrack credit application network
used by 350 Mercedes-Benz dealers in the
United States, beginning in March.
(Logo:
http://photos.prnewswire.com/prnh/20101028/DEALERTRACKLOGO )
Today's announcement builds upon the relationship established in
early 2011 when DealerTrack's Aftermarket network was chosen as the
technology platform supporting the sales of Mercedes-Benz Financial
Services' exclusive line of vehicle protection products sold by
Mercedes-Benz dealers.
The DealerTrack credit application network allows dealers to
electronically submit credit application data to the industry's
most diverse network of banks, independent finance companies,
captives, and credit unions. The DealerTrack credit application
network, which has grown from five lenders in 2001 to more than
1,100 lenders today, continues to expand and remains the automotive
retail market's largest finance network.
"DealerTrack is positioned to support Mercedes-Benz Financial
Services' leadership role as the primary lender of choice for
Mercedes-Benz dealers across the United
States," said Dietmar Exler,
vice president, Mercedes-Benz Financial Services.
"Mercedes-Benz dealers will now experience a more efficient and
integrated F&I workflow that leverages our aftermarket and
industry-leading credit application networks, all while connecting
with their captive lender," said Robert
Granados, vice president and general manger, Sales and
F&I Solutions, DealerTrack. "This partnership shows how the
DealerTrack network and solutions can be an integral part of a
total end-to-end workflow for dealers nationwide."
In addition to its credit application and aftermarket networks,
DealerTrack will be demonstrating its new mobile apps for its
credit application network and for vehicle inventory management and
merchandising, as well as its DMS offering and popular Compliance
solution, in the DealerTrack Booth (#1751) at the upcoming NADA
Convention and Expo, in Las Vegas,
February 4th – 6th, 2012.
About Mercedes-Benz Financial Services USA LLC
Mercedes-Benz Financial Services USA LLC, headquartered in Farmington Hills, Mich., with Business Center
Operations in Fort Worth, Texas,
provides brand-specific financial services and products for
Mercedes-Benz automotive dealers and their retail customers. It
also provides financial support to Sprinter and smart USA dealers and customers.
In the U.S. trucking industry, it conducts business as Daimler
Truck Financial and finances Daimler Trucks North America
commercial vehicles branded Freightliner, Western Star and
Thomas-Built Buses. Mercedes-Benz Financial Services USA LLC serves as the headquarters for
operations in the United States,
Canada, Mexico, Argentina and Brazil, and has approximately 1,500 employees.
It is a company of the Daimler Financial Services Group,
headquartered in Berlin, Germany,
which does business in 39 countries with an employee base of
approximately 6,700. Daimler Financial Services is one of the
leading financial services organizations worldwide. For more
information, go to: www.mbfs.com/corp or
facebook.com/mbfsamericas.
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 of
Mercedes-Benz Financial Services joining the DealerTrack credit
application network , 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
utilization of Mercedes-Benz dealers of the DealerTrack network,
the integration between the DealerTrack network and Mercedes-Benz
Financial Services' network and other risks listed in our 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