LAKE SUCCESS, N.Y., Oct. 15, 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 it has been chosen as the DMS provider to Tesla Motors, Inc.
Tesla Motors makes a high-performance, zero-emissions, all-electric sports car, the Roadster. The Roadster is unique in providing superior car performance and extraordinary efficiency while conforming to all U.S. and European safety, environmental and durability standards. The San Carlos, Calif.-based company sells vehicles directly to consumers and operates two retail showrooms in California.
"In searching for a DMS we were impressed by the central user interface provided by the DealerTrack Arkona DMS," said Nicole Lyon, Systems Manager at Tesla Motors. "The open architecture of the DealerTrack Arkona DMS allows us to integrate our technology at the Tesla Store back to headquarters and gives us the tools we need to take care of our customers."
"We are thrilled to be chosen as the DMS provider to Tesla Motors," said Mark O'Neil, chairman and chief executive officer of DealerTrack. "DealerTrack shares with Tesla Motors a commitment to leading the industry with innovative technology, and we are excited to be working with a company that is truly a pioneer in its field."
The DealerTrack Arkona DMS is a comprehensive and highly cost-effective solution giving dealers control of their business, across every department. Its open platform allows dealers to integrate and manage all the primary functions of the store, including: vehicle sales, showroom management, general ledger, parts inventory and invoicing, vehicle inventory, portfolio management, service department, automated dispatching, electronic repair order, contact management and payroll and personnel management. The DealerTrack Arkona DMS is currently used by over 1,000 dealerships.
About Tesla Motors (www.teslamotors.com)
Incorporated in 2003 in California's Silicon Valley, Tesla Motors, Inc. develops and manufactures all-electric vehicles with exceptional design, performance and efficiency, while conforming to all US and EU safety, environmental and durability standards. The Roadster is a zero-emission, all-electric two-seater for sale now in the United States and Europe. Tesla Motors expects to build a five-passenger, zero-emission, all-electric luxury sedan starting in late 2010.
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 and related industries. The company's solutions enable dealers to receive consumer leads, submit credit applications and receive responses, compare financing and leasing options, sell insurance, 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 22,000 dealers, including more than 90% of all franchised dealers; over 700 financing sources; 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 selection by Tesla Motors of the DealerTrack DMS, the benefits of the DealerTrack DMS 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: the number of Tesla Motors dealerships, the usage by those dealerships of the DealerTrack DMS; and other risks listed in our reports filed with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2007. These filings can be found on DealerTrack's website 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 DealerTrack disclaims 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.