DealerTrack Canada offers dealers a comprehensive vehicle history report
TORONTO, Dec. 6 /CNW/ -- DealerTrack Canada, Inc., a subsidiary of
DealerTrack Holdings, Inc. (Nasdaq: TRAK), today announced that it has entered
into a business relationship with CarProof, a Canadian-based used vehicle
history report service, to offer a vehicle history search service through the
DealerTrack Canada applications.
CarProof, a Canadian company based in London, Ontario, supplies used
vehicle history reports. CarProof is electronically connected live on a real-
time basis to all of the provincial and territorial authorities across Canada
and is the only service that provides lien data from across the country,
verifiable odometer records, branding information (salvage, stolen, non-
repairable, rebuilt, etc.), import and export records, collision estimate
information and accident claims data. In addition, CarProof reports provide
data from one of the largest U.S.-based vehicle history services.
DealerTrack Canada will provide direct online access to the complete
array of reports offered by CarProof, including CarProof Verified, CarProof
Verified BC, CarProof Claims and CarProof Lien. For those dealers that require
a simple lien search, DealerTrack Canada will also provide direct online
access to provincial lien searches via the Lien Express CarProof product.
"It has always been our goal to provide dealers with a single point of
access to multiple services that help them make informed decisions," said
Michael Collins, DealerTrack Canada General Manager. "We completed an
extensive review of the market and believe that by adding Car Proof's vehicle
history search capability, dealers will have the tools they need to help them
make informed and safe car purchase and trade-in decisions."
"At CarProof, we are committed to empowering both consumers and the
automotive industry with the critical, reliable and current information they
need to make confident and informed decisions," said Paul Antony, President of
CarProof. "Linking CarProof reports to DealerTrack Canada's loan/lease process
creates a powerful one-stop due diligence and financing tool that will add yet
another layer of transparency to used vehicle transactions."
About DealerTrack (www.dealertrack.com)
DealerTrack (Nasdaq: TRAK) is a leading provider of on-demand software
and data solutions for the U.S. automotive and specialty 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, more than 450 financing sources, and many other service and
information providers are active in the DealerTrack network. For more
information, visit www.dealertrack.com.
About DealerTrack Canada, Inc.
DealerTrack Canada, Inc. is an affiliate of DealerTrack Holdings, Inc.
and is a leading provider of on-demand credit application processing solutions
in Canada. DealerTrack Canada connects automobile, marine recreational
vehicle, motorcycle, power sport and home improvement dealers across Canada to
35 financial institutions, and credit bureau and other strategic providers via
its DealerAccess and Curomax platforms.
Over 6,000 dealers, including 90% of all Canadian franchised automotive
dealers, use DealerTrack Canada's solutions to process consumer financing
About CarProof (www.carproof.com)
CarProof, a London, Ontario company, was started in 2000 to provide the
most comprehensive, accurate and timely Used Vehicle History Reports available
in Canada. In addition to being the Official Report of the OADA-TADA New Car
Dealers of Ontario, CarProof is used by the government of Alberta and PEI as
part of their provincial registry, endorsed by the Motor Vehicle Sales
Authority of British Columbia and the Insurance Corporation of British
Columbia and by many major motor vehicle manufacturers in Canada. CarProof is
also the sole supplier of vehicle history reports to both Manheim Canada and
the ADESA Canada auctions for all of their U.S. import vehicle and
arbitrations. For more information about CarProof, visit www.carproof.com.
Safe Harbor for Forward-Looking and Cautionary Statements
Statements in this press release regarding DealerTrack Canada, Inc., the
benefits of the CarProof vehicle history search service 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 Holdings, Inc. to be materially different from any future
results, performance or achievements expressed or implied by these forward-
Factors that might cause such a difference include: the ability to
integrate the CarProof vehicle history search service, the performance of the
CarProof vehicle history search service and other risks listed in
DealerTrack's reports filed with the SEC, including its 2006 Form 10-K. 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.
DealerTrack Canada, Inc.
For further information:
For further information: Debbie Oberender of DealerTrack Canada, Inc.,
+1-905-281-6229, email@example.com; or Joe Varkey of CarProof,
+1-519-675-1415 x214, firstname.lastname@example.org Web Site: