Lake Success, N.Y., February 3, 2011 - 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, today announced that the Company has completed the integration of its popular dealer management system with Porsche Cars North America operations, and has received Porsche's Integrated Partner Certification.
As a result of this integration, the nearly 200 Porsche Cars North America dealers will be able to electronically maintain their Automatic Stock Replenishment (ASR) inventory, and transfer business financials directly into Porsche's worldwide corporate systems using their DealerTrack DMS solution.
"As we continue to forge strong relationships throughout the automotive industry, we understand that alliances with high performance import brands are essential. Through our partnership with Porsche Cars North America, we are providing complete integration to allow Porsche dealers to achieve the highest level of operational efficiency with the DealerTrack DMS," said Allan Stejskal, vice president and general manager, DealerTrack DMS. "This partnership is a prime example of DealerTrack's commitment to dealers who have a diverse suite of franchises."
According to Tom Roach, general manager, Information Technology, Porsche Cars North America, "The expansion of our Certified Integrated Partners to include DealerTrack will benefit our North American dealers tremendously, giving them another option when selecting a DMS provider. The new integration with DealerTrack DMS will provide key efficiencies necessary to effectively run a dealership."
The web-based DealerTrack DMS has the ability to support manufacturers and dealers in the areas of vehicle sales, vehicle and parts inventory management, service department invoicing, personnel and payroll administration.
About Porsche Cars North America, Inc.
A wholly owned, indirect subsidiary of Dr. Ing.h.c.F.Porsche, Porsche Cars North America, Inc. and its 197 dealers offer U.S. customers some of the most technically advanced and high-performance vehicles in the world. Porsche cars are synonymous with supreme quality accompanied by first-class customer treatment. Also, Porsche is fully and publicly committed to being a leader in significantly lowering emissions, and saving fuel. The Company's guiding credo is "Porsche Intelligent Performance" and the goal is to prove that Porsche's high performance and efficiency are not contradictory terms. This is nothing new for Porsche, which for 63 years has developed numerous technologies that have advanced vehicle performance, improved safety and spurred environmental innovations. Obviously, one expects such achievements from the most revered race car brand in the world --- one that has accumulated more than 30,000 motorsport victories. Today, PCNA imports the cars that are the product of this great history, including the iconic 911 series, the renowned Boxster and Cayman mid-engine sports cars, the high-end Cayenne sport utility vehicles and the four-door Panamera Gran Turismo cars.
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 integration between the DealerTrack DMS and Porsche Cars North America operations 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 robustness of the integration 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.