DealerTrack Announces First Android(tm) Application for Used Vehicle Market
DealerTrack Mobile AAX Now Available for Android-Powered Smartphones,
Including the DROID by Motorola, in Addition to the iPhoneR
DealerTrack, Inc., a subsidiary of
DealerTrack Holdings, Inc. (Nasdaq: TRAK), a leading provider of on-demand
software and data solutions for the U.S. automotive retail industry, today
announced that its DealerTrack Mobile AAX solution is now available for use
on smartphones using the Android 2.0 operating system. Dealers now have
additional choices as they increasingly harness the power of mobile
technologies to achieve much faster and more accurate vehicle appraisals.
The DealerTrack Mobile AAX solution is powered and delivered by Laser
Appraiser, LLC, the industry's leading wireless automotive valuation system.
In early 2010, DealerTrack began offering the Mobile AAX iPhone application
and the Opticon Windows Handheld as a stand-alone subscription or as an
integrated solution with DealerTrack AAX. With the addition of the Android
application, Dealers nationwide can now extend the core functionality of the
DealerTrack AAX used vehicle inventory management solution to a dedicated
handheld device, the iPhone, or Android-powered devices such as the DROID by
Motorola and the DROID Incredible by HTC through multiple wireless carriers.
"As dealers increasingly strive to increase their efficiency, DealerTrack
continues to innovate and deliver cutting-edge technologies," said Bridget
Townsend, general manager of DealerTrack AAX. "Dealers can now run
DealerTrack Mobile AAX on Android smartphones - one of the best-selling
smartphone operating systems in the U.S. - and start realizing a range of
benefits including easier and faster access to used-car valuations,
wholesale auction Manheim Market Reports (MMR) as well as access to vehicle
history and appraisal information right on the dealership lot or in the
lanes at wholesale auctions."
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 850 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 integration between
DealerTrack AAX and Laser Appraiser, the benefits and capabilities of
DealerTrack Mobile AAX 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 economic trends affecting
the automotive retail industry, adoption of new technologies, 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.
06/17/10










