LAKE SUCCESS, N.Y., Jan. 16 /PRNewswire/ -- DealerTrack Aftermarket Services, Inc. today announced that Cal-Tex Protective Coatings, Inc. has joined 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. Cal-Tex is a leading manufacturer of sealants and other chemical products used to protect the exterior and interior of automobiles and to deter vehicle theft.
The DealerTrack Aftermarket Network provides dealers with free access to real-time information on connected aftermarket vendors' products and services. DealerTrack's online rating and contract functionality creates a faster process, improves accuracy, and eliminates duplicate data entry for both dealers and aftermarket providers.
"We are very pleased to welcome Cal-Tex, the first manufacturer of chemical products and the 18th provider overall to join the DealerTrack Aftermarket Network," said Hugh Abernethy, Vice President of DealerTrack Aftermarket Services, Inc. "Providing real-time data on available options for each vehicle and deal through the DealerTrack platform will boost Cal-Tex's efficiency and customer satisfaction. Our Aftermarket Network represents a dramatic improvement from the traditional paper-based rate guides and contracting processes; by reducing delays, contract errors and administrative costs, it benefits both dealers and aftermarket providers."
"We are excited about the opportunity to increase our market penetration and enhance customer satisfaction by joining the DealerTrack Aftermarket Network," said Richard Chalk, chief executive officer, Cal-Tex Protective Coatings, Inc. "Our chemical products already are among the market leaders, and with the expanding dealer base connected to DealerTrack, we will now be able to provide our services more easily and efficiently to dealers. Joining the DealerTrack Aftermarket Network is another way Cal-Tex is demonstrating its commitment to providing unparalleled customer service to our dealers and their customers."
About DealerTrack (http://www.dealertrack.com/)
DealerTrack is a leading provider of on-demand software and data solutions for the U.S. automotive retail industry. The company's online credit application processing product automates and accelerates the automotive financing process, while its integrated subscription-based software enables dealers to receive consumer leads, compare financing and leasing options, sell insurance and other aftermarket products, document compliance, and execute financing contracts electronically. Over 22,000 dealers, with more than 85% of all franchised dealers; over 300 financing sources, including nine captives and the 20 largest U.S. independents; and other service and information providers are active in the DealerTrack network.
Safe Harbor for Forward-Looking and Cautionary Statements
Statements in this press release regarding DealerTrack, the benefits of the DealerTrack Aftermarket Network, connecting additional aftermarket providers to 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 retention of dealers and aftermarket provider customers; selling additional products and services to existing and new customers; success in expanding our customer base and product and service offerings and integrating acquisitions; and other risks listed in our reports filed with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2005. These filings can be found 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 we disclaim 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:
Greg Slote
DealerTrack
(516) 734-3921
