Lake Success, NY
NASDAQ:TRAK
DealerTrack is North America\’s primary web-based auto finance platform that automates and accelerates the entire auto dealer-to-lender relationship, from financing to daily information sharing. The DealerTrack platform enables application processing, credit bureau access, electronic contracting and lease comparisons—all in one easy-to-use, integrated solution. More than 85% of U.S. franchised auto dealers subscribe to the Company’s platform. GRP is the only financial investor in DealerTrack with the remaining investors comprising six of the largest banks in the United States.
DealerTrack is a leading provider of on-demand software and data solutions for the automotive retail industry in the United States. We utilize the Internet to link automotive dealers with banks, finance companies, credit unions and other financing sources, as well as other service and information providers, such as the major credit reporting agencies.
DealerTrack has established a network of active relationships with over 22,000 automotive dealers, including over 90% of all franchised dealers; over 425 financing sources, including ten captive financing sources; and other service and information providers to the automotive retail industry.
DealerTrack’s credit application processing product enables dealers to automate and accelerate the indirect automotive financing process. Our integrated subscription-based software products and services enable automotive dealer customers to manage their dealership data and operations, receive valuable consumer leads, compare various financing and leasing options and programs, sell insurance and other aftermarket products, document compliance with certain laws and execute financing contracts electronically.
We also offer data and other products and services to various industry participants, including lease residual value and automobile configuration data.
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