New Inventory+ from Dealertrack Combines Better Data and Leading Mobile Capabilities to Drive Higher Dealer Profits
January 24 2014 - 10:48PM
Business Wire
360° Market View of Appraisal, Market and Sales
Data and Key Features for Groups including Inventory Trading and
Enterprise Reporting are Amongst Unique Features
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:
- Appraising
- Stocking and Sourcing
- Transportation
- Reporting
- Pricing
- Merchandising
- Mobile
- Group Solutions
“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 clients.”
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-Per-DayTM (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, Sales and F&I, Interactive and Registration
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 forward-looking
statements.
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), 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 circumstances.
TRAK-G
Dealertrack Technologies, Inc.Kenneth Engberg,
516-734-3692kenneth.engberg@dealertrack.comMichael DeMeo,
516-734-3691michael.demeo@dealertrack.com
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