Auto One Teams With DealerTrack.Business Editors & Automotive Writers MELVILLE, N.Y.--(BUSINESS WIRE)--Sept. 17, 2002 DealerTrack.com, Inc. announced today that Auto One Acceptance Corporation has connected to DealerTrack's Internet-based auto financing system. The DealerTrack(TM) finance solution enables Auto One's dealerships to manage the entire auto finance process more efficiently and complete financing more quickly and at lower cost - making the process simpler and easier for dealers and boosting customer satisfaction. "Auto One is excited to be joining the growing list of lenders participating in the DealerTrack online system," states Doug DOUG Dumb Old Utility Guy Baker, Auto One's Senior Vice President of Sales. "As a company, we expect to see an increase in efficiency, quality, and overall production. In addition to being able to electronically submit credit applications and obtain extremely fast responses, our dealer customers will also enjoy the benefit of accessing real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. application and contract status information, along with up-to-the-minute up-to-the-min·ute adj. Constituting or including the very latest information: an up-to-the-minute news bulletin. up-to-the-minute Adjective Auto One rates and program information. When combined with our already fast turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. and superior service, such access and efficiencies cannot be overstated o·ver·state tr.v. o·ver·stat·ed, o·ver·stat·ing, o·ver·states To state in exaggerated terms. See Synonyms at exaggerate. o ." DealerTrack delivers meaningful benefits. The technology allows dealers to reduce the time and effort associated with the traditional financing process by electronically routing applications to connected lenders and finance companies such as Auto One. In addition, the service provides dealers access to discounted customer credit reports. DealerTrack provides Auto One's dealer customers with the tools they need to profitably operate their finance business. "Auto One is a significant addition to DealerTrack's growing lender base," said Mark O'Neil, DealerTrack's President and Chief Executive Officer. "Dealers will benefit from the convenience of being able to quickly and easily access Auto One's full range of financial products through DealerTrack, while Auto One improves the efficiency of its credit operations. Auto One is a leader in its market, and it will help DealerTrack continue to build momentum." About DealerTrack.com, Inc. DealerTrack.com, Inc. is the leading technology services company enabling finance transactions between automobile dealers and lenders. The company provides an impartial Favoring neither; disinterested; treating all alike; unbiased; equitable, fair, and just. , end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. loan and lease transaction channel that improves efficiency and profitability for finance companies and dealers by automating credit processes, speeding lending communications and minimizing transaction expense through the use of the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . More than 16,500 dealerships nationwide currently use the DealerTrack system to electronically communicate and transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting with their lenders. For more information about DealerTrack, please contact Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. Kurdziel, Vice President of Marketing, 805/963-8688 x123 or mike.kurdziel@dealertrack.com. Auto dealers may contact DealerTrack at 877/357-8725; interested lenders may contact Rich McLeer, National Alliance Manager, 631/486-1649 or richard.mcleer@dealertrack.com. About Auto One Acceptance Corporation. Originally founded in November 1988, Auto One Acceptance Corporation has become one of the country's most established and respected special credit finance companies. A leader in the marketplace today, its funding and contract servicing are facilitated from its central headquarters in Dallas and a satellite operation center in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . Known nationally for well-positioned financial products and services, Auto One maintains an outstanding reputation for integrity, value, and quality for both dealers and borrowers. Auto One manages a portfolio of $2.1 billion, services over 3,000 new car dealers in 48 states, and employs more than 650 people, including 50 regional and area managers active in the field. For more information on Auto One, please visit www.autoone.com. |
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