LAKE SUCCESS, N.Y., Oct. 6, 2008 (GLOBE NEWSWIRE) -- Arkona, 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 Hyundai Motor America will integrate its dealer communications platform with the DealerTrack Arkona dealer management system (DMS). Full integration with factory communications will significantly enhance the appeal of the DMS to the more than 860 Hyundai dealerships in the United States.
"Many Hyundai dealers are increasingly interested in the DealerTrack DMS because of its competitive pricing and Software as a Service model, as well as the open access it provides," said Dave Zuchowski, Vice President of Sales at Hyundai Motor America, Inc. "We have worked closely with DealerTrack to ensure that our integrated communications solution will create new efficiencies and enhance the free flow of information to and from our dealer base -- consistent with our ongoing commitment to help drive sales, profitability and customer satisfaction at Hyundai dealerships across North America."
Following the planned integration, Hyundai dealers utilizing the DMS with the new factory communication interface will be able to expedite critical transaction processes and eliminate many potential data errors. Information will transfer seamlessly from one system to another without having to be re-keyed. Dealers will be able to easily transfer:
* Parts Orders -- Electronically transfer stock orders and
supplemental orders
* Parts Returns -- Automatically download parts returns
* Financial Statements -- Simplify preparation and submission
of financial statements
* Warranty Claims -- Speed up the dealer-to-manufacturer
warranty claim process
* Delivery Reporting (RDR) -- Notify manufacturer of retail
vehicle sales
"We are very pleased that Hyundai Motor America intends to integrate its dealer communication systems with the DealerTrack Arkona DMS," said Raj Sundaram, senior vice president, dealer solutions at DealerTrack. "The integration will be a critical factor for Hyundai dealers considering the Arkona solution, and especially for large dealership groups with Hyundai franchises. Hyundai dealers will be able to move forward with confidence that we can meet their technology needs, consistent with all OEM communication requirements. DealerTrack looks forward to offering Hyundai dealers an efficient and economical DMS solution."
For more information about the DealerTrack Arkona DMS and the Hyundai communications interface, call 801-617-8700 ext. 8719.
About DealerTrack
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 company provides dealer management systems (DMS) through its Arkona, Inc., subsidiary. Over 22,000 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 the DealerTrack Arkona DMS, its planned integration with Hyundai's dealer communication platform 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: completion of the integration with the Hyundai dealer communication platform, the functionality of such integration, 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.
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