New Product Provides Automotive Portals and Research Companies the
‘Real’ Prices New Vehicles Command on the Market
Chrome® Systems Inc., a subsidiary of DealerTrack Holdings, Inc.
(Nasdaq:TRAK) and an industry leader in managing automotive data, today
announced the launch of ALG
Smart Buyer Pricing, which provides actual prices new vehicles are
selling for on a regional and local basis. The new solution is driven by
transactional data, regional information, and rebate and incentive data
provided by Chrome’s sister company, Automotive Lease Guide (alg), Inc.
and is meant to represent the discount a consumer can expect to receive
off total MSRP for any given new vehicle after an average amount of
negotiation, including all cash incentives and other non-finance
discounts provided by the dealer.
ALG Smart Buyer Pricing can be used by automotive portals and other
sites publishing automotive research as an online consumer-facing market
value tool to help buyers make the best purchasing decisions. It
features monthly data updates to ensure up-to-date and accurate
information, including two-year rolling coverage of the most recent
model year and the one immediately preceding it.
“We’re proud to deliver powerful market intelligence to our automotive
retailing clients and the real-world pricing information consumers need,
especially in the current economy,” said Pete Batten, general manager of
Chrome Systems. “ALG Smart Buyer Pricing is unique because it is
supported by ALG, one of the industry’s most trusted data providers.”
About Chrome (www.chrome.com)
Chrome provides vehicle content, software, technology and services to
deliver complete enterprise solutions to all segments of the automotive
retail industry. Chrome pioneered the technology behind electronic
vehicle configuration with the introduction of PC Carbook®, and since
1986 has collected, analyzed and enhanced “raw” automotive data from all
manufacturers. Chrome Systems Inc. is a subsidiary of DealerTrack Data
Services, Inc., a DealerTrack Holdings, Inc. company (Nasdaq:TRAK).
Safe Harbor for Forward-Looking and
Cautionary Statements
Statements in this press release regarding the benefits of ALG Smart
Buyer Pricing 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 accuracy of the
information gather by ALG, the implementation and use of ALG Smart Buyer
Pricing by customers 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, 2008. 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.
TRAK-G
Chrome Systems
Sylvie Peterson, 503-963-6369
sylvie.peterson@chrome.com
or
RF|Binder
Partners
Anuj Baveja, 212-994-7552
anuj.baveja@rfbinder.com