DealerTrack Announces Strategic Agreement With Manheim

Earthtimes.org - USA
Manheim will rely upon DealerTrack to provide inventory optimization
product solutions to meet their customers' on-going inventory management
needs. ...

LAKE SUCCESS, N.Y., May 8 /PRNewswire/ -- DealerTrack Holdings, Inc. , today announced that it has signed an agreement with Manheim to enhance DealerTrack's on-demand offering for dealership inventory management.

Manheim and DealerTrack have agreed that DealerTrack will provide its InventoryPro management solution to Manheim's POINT customers. Manheim will rely upon DealerTrack to provide inventory optimization product solutions to meet their customers' on-going inventory management needs. Manheim will work with DealerTrack to augment InventoryPro with features of POINT including access to Manheim Market Reports, Ad Manager and Manheim Power Search, enabling dealers to search vehicle availability at Manheim operating locations and OVE.com. The new version of the InventoryPro management solution is expected to launch in the third quarter of 2007.

Manheim will work with DealerTrack to market and sell the InventoryPro product and will assist with transitioning Manheim POINT customers to InventoryPro.

"This agreement with Manheim represents our shared goal of providing innovative tools to address the needs of DealerTrack's 22,000 active dealers and Manheim's 65,000 dealer relationships," said Mark O'Neil, chairman and chief executive officer of DealerTrack. "As used cars become a more important contributor to dealer profitability, together we can help dealers better manage their inventory through powerful analytics and highly relevant live market data."

"We are pleased to have joined another industry leader to work on these dynamic initiatives that will enable us to better serve our mutual customers," said Ralph Liniado, senior vice president of development for Manheim. "We believe this relationship will benefit our customers by bringing greater efficiency to the process of managing inventory and positively affecting their profitability."

About DealerTrack

About Manheim

Manheim is the world's leading provider of automotive remarketing services. Through its wholesale auctions and array of technology products, Manheim impacts every stage of a used vehicle's life cycle, helping commercial sellers and automobile dealers realize the full value of their vehicles.

The company's auction services include reconditioning, certification, inspections, dealer financing, transport, title management and marshaling, among others. Manheim is also the leader in remarketing technology, using its online tools to connect buyers and sellers around the globe to the world's largest, most comprehensive wholesale marketplace. In 2006, Manheim handled nearly 10 million used vehicles -- and sold more than 5 million -- representing more than $58 billion in value.

Manheim's subsidiary companies provide value-added remarketing products and services, including paintless dent removal (Dent Wizard), Auto Body Repair, and salvage vehicle remarketing (Total Resource Auctions).

Safe Harbor for Forward-Looking and Cautionary Statements

Statements in this press release regarding DealerTrack, the benefits of the agreement with Manheim, the features, functionality and customer benefits of the enhanced InventoryPro product, the expected timing of the commercial release of the enhanced InventoryPro product 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.