LAKE SUCCESS, N.Y., July 18 /PRNewswire/ -- DealerTrack Aftermarket Services, Inc. today announced that Universal Warranty Corporation (UWC) has agreed to join the DealerTrack Aftermarket Network (TM), the industry's first independent provider of real-time aftermarket contract rating, quote generation and digital contracting for aftermarket providers.
UWC, a leading provider of vehicle service contracts and other F&I products, will join ten other participating aftermarket providers signed to the network, including Armored Tire, Charter Warranty, Life of the South, LoJack, Old Republic Insured Automotive Services Inc., Phoenix American/Wynn's Extended Care, Protective's Asset Protection Division, Ultimate Warranty, and Warrantech.
The DealerTrack Aftermarket Network provides real-time information on connected aftermarket vendors' products and services, at no charge to dealers. DealerTrack's online rating and contract functionality creates a faster process, improves accuracy, and eliminates duplicate data entry for both dealers and aftermarket providers. The network recently launched with Ultimate Warranty as the first live aftermarket provider accessible to its dealer customers through DealerTrack. Other providers are in the pilot phase.
"We are very pleased to welcome Universal Warranty Corporation to the DealerTrack Aftermarket Network," said David Trinder, president of DealerTrack Aftermarket Services, Inc. "The DealerTrack Aftermarket Network will provide dealers with updated live information on available options for each vehicle and deal. It will also include all categories of aftermarket products. From UWC's perspective, joining the Network should help increase its market penetration and boost customer satisfaction, while reducing contract errors and administrative costs."
"We are excited about gaining access to such a wide-ranging group of dealers through the DealerTrack Aftermarket Network," said Jeff Moon, president of Universal Warranty Corp. "Streamlining the process so that dealers can price and sell our products more efficiently is just another way we are demonstrating UWC's commitment to serving our customers."
About DealerTrack
DealerTrack Aftermarket Services, Inc. is a subsidiary of DealerTrack Holdings, Inc. , a leading provider of on-demand software and data solutions for the automotive retail industry in the United States. DealerTrack utilizes the internet to link over 21,000 dealers with more than 225 financing sources and other service and information providers. DealerTrack Aftermarket Services is a leading provider of aftermarket product sales and administration solutions. DealerTrack eMenu(TM) and the DealerTrack Aftermarket Network streamline the process of pricing, presenting and contracting aftermarket products for automotive retailers. For more information on DealerTrack's integrated products and services, visit http://www.dealertrack.com/.
About Universal Warranty Corporation
Universal Warranty Corporation, headquartered in Omaha, Nebraska, is an administrator and marketer of vehicle service contracts and other F&I products throughout North America. In that capacity, UWC provides quality products and services uniquely tailored to the needs of franchise and independent retail automobile dealers. UWC is a member of the Motors Insurance Group of companies, a leading provider of vehicle service contracts and other F&I products with over three decades of experience and service to the automotive industry.
For more information on Universal Warranty Corporation, contact:
Warren Wood, Marketing
Universal Warranty Corp.
(800) 285-5520 ext. 323
Safe Harbor for Forward-Looking and Cautionary Statements Statements in this press release regarding the DealerTrack Aftermarket Network 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: increased competitive pressure from other industry participants, the inability to execute any element of DealerTrack's business strategy, including the launch of the DealerTrack Aftermarket Network and selling additional products and services to existing and new customers; DealerTrack's success in expanding its customer base and product and service offerings and integrating acquisitions; the impact of the automotive retail industry on DealerTrack's business; the impact of some vendors of software products for automotive dealers making it more difficult for our customers to use our products and services, and other risks listed in the Company's reports filed with the SEC, including DealerTrack's 2005 Form 10-K. These filings can be found on DealerTrack's website at http://www.dealertrack.com/ and the SEC's website at http://www.sec.gov/. Forward-looking statements included herein speak only as of the date hereof and the Company 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.
CONTACT:
Liz Zale
DealerTrack, Inc.
(516) 734-3758
