LAKE SUCCESS, N.Y., June 26 /PRNewswire/ -- DealerTrack Aftermarket Services, Inc. today announced that Protective's Asset Protection Division has agreed to join the DealerTrack Aftermarket Network(TM), the industry's first independent provider of real-time aftermarket contract rating and quote generation.
Protective's Asset Protection Division, a leading provider of extended service contracts, guaranteed asset protection (GAP), and credit/disability insurance, is the tenth aftermarket provider to be signed to the network. Other participating providers include Armored Tire, Charter Warranty, Life of the South, LoJack, Old Republic Insured Automotive Services Inc., Ultimate Warranty, Warrantech and Phoenix American/Wynn's Extended Care.
The DealerTrack Aftermarket Network provides dealers free access to real-time information on aftermarket vendors' products and services, and will include all categories of aftermarket products. DealerTrack's online rating and contract functionality creates a faster process, improves accuracy, and eliminates duplicate data entry. The network is now active with one provider and others will be going live in the near future.
"We are very pleased to welcome Protective to the DealerTrack Aftermarket Network," said David Trinder, president of DealerTrack Aftermarket Services, Inc. "Providing real-time data on available options for each vehicle and deal through the DealerTrack platform will boost Protective's efficiency and customer satisfaction. This is a dramatic improvement from the paper-based rate guides and contracting process and will reduce delays and errors, benefiting dealers and aftermarket providers."
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 Protective
Protective's Asset Protection Division is one of the five operating divisions within Protective. The Asset Protection Division offers its products and services through automobile, marine, RV, and power sports dealers. Through these business partners, the Asset Protection Division offers consumers protection against unwanted losses they may experience after purchasing and financing major consumer assets such as automobiles, boats and recreational vehicles.
The Asset Protection Division is consistently investing in superior products and services through underwriting, administering and marketing its own programs. These programs include extended service contracts, GAP coverage, and credit insurance.
Asset Protection Division Highlights
* Extended Service Contracts that offer terms and coverage for both new
and pre-owned vehicles, including limited warranties and WRAP products
* GAP coverage that provides your customers with worry-free driving, while
you earn their loyalty and repeat business
* A credit insurance program with a solid track record of increasing a
dealership's bottom line
* F&I training programs that bring your dealership the most current
techniques and styles to help you achieve a competitive edge, while
maintaining customer satisfaction
To learn more about Protective, call 800.794.5491.
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
