Enterprise Car Sales to Install DealerTrack Compliance Solution at All 140+ Locations to Support their Sales and F&I Compliance with State and Federal Regulations
Lake Success, N.Y. - DealerTrack, Inc., a subsidiary of DealerTrack Holdings, Inc. (Nasdaq: TRAK), a leading provider of on-demand software and data solutions for the North American automotive retail industry, and Enterprise Car Sales, a division of Enterprise Rent-A-Car, today announced an agreement to deploy the DealerTrack Compliance Solution in all of the more than 140 Enterprise Car Sales’ locations nationwide.
The DealerTrack Compliance Solution, which complements Enterprise Car Sales’ focus on outstanding customer service and data protection, will enable Enterprise locations to maintain, monitor and audit compliance activity throughout every step of their sales and F&I process. From credit application submission to identity verification, menu presentation, contract processing, tracking, reporting and document management, the DealerTrack Compliance Solution helps protect a user’s business by encouraging and simplifying adherence to all applicable laws and regulations, including Risk-Based Pricing and Red Flags Rules.
“DealerTrack’s Compliance Solution will make it easier for Enterprise Car Sales to keep up with current state and federal regulations and help maintain best practices for compliance,” said Raj Sundaram, senior vice president, Solutions Group, DealerTrack. “The broadening of our relationship with Enterprise is an important way DealerTrack can add value to their sales and F&I workflow process.”
According to Mark Cochrane, assistant vice president-Business Management for Enterprise Car Sales, “After thoroughly researching the market for a solution to help our Car Sales locations manage the ever-changing rules, regulations and trends affecting our business and our customers, we found the DealerTrack Compliance Solution to be well suited to our needs.”
In addition to the Compliance Solution, the DealerTrack Performance Suite includes high value solutions in the areas of dealer management systems, inventory, sales and F&I.
About Enterprise Car Sales
Enterprise Car Sales, which has sold more than one million used cards, has more than 140 U.S. locations. Its tailored used-car buying programs create opportunities for credit unions to increase their used-car loan portfolio and optimize member loyalty. As a result of partnering with credit unions during the past 30 years, Enterprise Car Sales has helped generate $7 billion in loan volume for more than a thousand credit unions worldwide.
Enterprise Holdings, headquartered in St. Louis, owns and operates Enterprise Car Sales and Enterprise Rent-A-Car through its regional subsidiaries – with more than 5,000 Enterprise rental offices located within 15 miles of 90 percent of the U.S. population. Enterprise Car Sales offers a wide selection of late-model used cars for sale – more than 120 makes and models – on site locally as well as online at www.cuautodeals.com. For more information about how Enterprise Car Sales partners with credit unions, visit www. enterprisecarsales.com/perfectpartnership or email Brooke Gilchrist at [email protected].
About DealerTrack (www.dealertrack.com)
DealerTrack’s intuitive and high-value software solutions enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, OEMs, agents and aftermarket providers. Our solution set for dealers is the industry’s most comprehensive. DealerTrack operates the industry’s largest online credit application network, connecting approximately 17,000 dealers with over 900 lenders. Our Dealer Management System (DMS) provides dealers with easy-to-use tools and real-time data access that will streamline any automotive business. Dealers using DealerTrack AAX get the inventory management tools and services needed to accelerate turns and increase profits. Our Sales and F&I solution enables dealers to streamline the entire sales process while structuring all types of deals from a single integrated platform. DealerTrack’s Compliance Solution helps dealers meet legal and regulatory requirements and protect their hard-earned assets. DealerTrack’s family of companies also includes data and consulting services providers ALG and Chrome Systems. For more information, visit www.dealertrack.com.
Safe Harbor for Forward-Looking and Cautionary Statements
Statements in this press release regarding the benefits of DealerTrack’s Compliance Solution to Enterprise Car Sales and customers in general, 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 use of the Compliance Solution by our customers, changes in laws 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, 2009. 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.