Automotive Lease Guide (ALG) Enhances Residual Risk Analysis Tool with Monthly Residual Value Data.Enhancement Enables Better Analysis of Automotive Lease Portfolio Risk SANTA BARBARA Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , Calif. -- Automotive Lease Guide (ALG ALG antilymphocyte globulin. ALG antilymphocyte globulin. ALG Antilymphocyte globulin, see there ), a subsidiary of DealerTrack Holdings, Inc. (Nasdaq: TRAK TRAK Track TRAK Technology to Recover Abducted Kids (system to help law enforcement agencies) ), a leading provider of on-demand software and data solutions for the U.S. automotive retail industry, today announced the addition of monthly residual value Residual value Usually refers to the value of a lessor's property at the time the lease expires. residual value The price at which a fixed asset is expected to be sold at the end of its useful life. updates to its Residual Risk Residual risk Related: Unsystematic risk Analysis tool, which is used by vehicle lessors to analyze their automotive lease portfolio risk. The short-term monthly residual values will be based on the most recent auction data in order to better reflect the latest market fluctuations. This should provide greater residual value accuracy for vehicles that are approaching lease maturity, thereby providing a better value estimate for any lease term. The enhancement is particularly timely in view of the unprecedented volatility in the used vehicle market over the last two years. "When vehicle markets are moving up and down as rapidly as they have been, our clients need timely and accurate residual information so they know what to expect as leases reach maturity," said Matt Traylen, senior director at ALG. "This enhancement to our Residual Risk Analysis tool gives them further insight into the next 18 months so they can intelligently and thoroughly analyze their auto lease investments and better manage their portfolios." About ALG (www.alg.com) Based in Santa Barbara, California Santa Barbara is a city in California, United States. It is the county seat of Santa Barbara County, California. As of the 2000 census, the city had a total population of 92,325. , ALG is a leading provider of data and consulting services to the automotive industry. ALG publishes the "Automotive Lease Guide" - the standard for Residual Value projections in North America, and has been forecasting automotive residual values for over 37 years in both the U.S. and Canadian markets. ALG is a company of DealerTrack Holdings, Inc. (Nasdaq: TRAK). Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-Looking and Cautionary Statements Certain statements in this press release regarding monthly residual value updates and their benefits, and all other statements in this release other than the recitation rec·i·ta·tion n. 1. a. The act of reciting memorized materials in a public performance. b. The material so presented. 2. a. Oral delivery of prepared lessons by a pupil. b. of historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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-looking statements. Factors that might cause such a difference include: the accuracy of the residual values, price of gasoline, the state of the U.S. economy, consumer preferences as to vehicles and other risks listed in DealerTrack's reports filed with the SEC, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2008. 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. TRAK-G |
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