Science & Technology
Science and Technology
Science and Technology
Thu, January 22, 2009
Wed, January 21, 2009
Asbury Automotive Group to Accelerate Implementation of DealerTrack Arkona DMS
LAKE SUCCESS, N.Y.--([ BUSINESS WIRE ])--DealerTrack Systems, Inc., a subsidiary of DealerTrack Holdings, Inc. (Nasdaq: TRAK), a leading provider of on-demand software and data solutions for the U.S. automotive retail industry, today announced that Asbury Automotive Group, Inc. (NYSE: ABG) has decided to accelerate the implementation of the DealerTrack Arkona dealer management system (DMS) across its entire store base.
Asbury selected DealerTrack as its DMS solutions and technology partner in October 2007. Since then, it has been systematically replacing DMS systems from other providers with DealerTrack's DMS as existing contracts expired, and to date has converted 33 of its dealerships.
"We are pleased with DealerTrack's execution, and with the functionality and flexibility of the DealerTrack DMS," said Charles R. Oglesby, president and chief executive officer of Asbury Automotive Group. "In fact, we decided to accelerate the conversions across the rest of our stores. This decision was based upon enhanced efficiencies and significant cost savings that we have already achieved; we look forward to additional benefits from having the entire company on a single DMS platform."
"We are very excited about the progress we have made in our partnership with Asbury over the last 15 months," said Mark O'Neil, chairman and chief executive officer of DealerTrack. "In particular, Asbury's decision to expedite its DMS conversions speaks volumes about the value of our DMS solution."
About DealerTrack ([ www.dealertrack.com ])
DealerTrack Holdings, Inc. (Nasdaq: TRAK) is a leading provider of on-demand software and data solutions for the U.S. automotive retail industry. Our solutions enable dealers to receive consumer leads, submit credit applications, compare financing and leasing options, sell insurance, vehicle accessories and other aftermarket products, document compliance, and execute financing contracts electronically. In addition, the DealerTrack Arkona DMS (dealer management system) is used by dealerships nationwide. Over 20,000 dealers, 700 financing sources, and many other service and information providers are active in the DealerTrack network. For more information, visit [ www.dealertrack.com ].
Safe Harbor for Forward-Looking and Cautionary Statements
Statements in this press release regarding DealerTrack, its DMS product, the implementation of the DMS product by Asbury 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 financing source 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, 2007. These filings can be found 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 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.
TRAK-G
