Tuesday, February 8, 2011

NADA 2011: DealerTrack's O'Neil On Streamlining Car Buying

DealerTrack, one of about 400 large, regular exhibitors at NADA, operates the auto industry's largest online credit application network, offering about 17,000 dealers access to over 900 automotive financing lenders through its credit application network. DealerTrack also offers dealers inventory management tools and services along with a sales and F&I solution to streamline the entire sales process from a single integrated platform. DealerTrack’s Compliance solution helps dealers meet legal and regulatory requirements and their data services division includes Chrome Systems which offers technology and data solutions and ALG for residual values. DealerTrack acquired triVIN, which helps streamline the time-consuming, labor-intensive, and often complex processes of vehicle registration and lien and title management. According to DealerTrack President and CEO Mark O'Neil more acquisitions may be coming. The stock trades under the symbol: TRAK and is trading near its 52-week high.