04.03.2008 14:00:00
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U.S. Bank Selects DealerTrack Specialty Solutions to Facilitate Internet-Based Loan Originations for Recreational Vehicle and Marine Markets
LAKE SUCCESS, N.Y., March 4 /PRNewswire-FirstCall/ -- DealerTrack Specialty Solutions, a part of DealerTrack Holdings, Inc. , a leading provider of on-demand software and data solutions for the automotive and specialty retail industries, today announced that Minneapolis-based U.S. Bank, a division of U.S. Bancorp, has signed an agreement to participate on its online financing platform. Once implemented, recreational vehicle (RV) and marine dealers nationwide will be able to use the DealerTrack Specialty Solutions platform to electronically submit consumer loan applications and complete loan contracts with U.S. Bank.
"We are proud of our long-standing relationship with DealerTrack from an automotive standpoint and are delighted to grow with them as they expand their efficient application process to more RV and marine dealers nationwide," said Chris Renn, senior vice president of U.S. Bank Recreation Finance.
"DealerTrack and U.S. Bank already have a strong relationship in the automobile arena," said Patrick Staudt, DealerTrack Specialty Solutions Group vice president. "Adding U.S. Bank to our growing lender community in the RV and marine industry provides these dealers with a variety of products and services that will help them be more successful."
About DealerTrack Specialty Solutions
DealerTrack Specialty Solutions is a part of Curomax Limited, a subsidiary of DealerTrack Holdings, Inc. , a leading provider of on-demand software and data solutions for the U.S. recreational vehicle, marine and motorcycle industry. The company's online credit application system automates and accelerates the financing process while its integrated software enables dealers to pull credit bureaus, fully integrate with DMS providers, and print contracts and other documentation. Over 3,000 dealers use the DealerTrack Specialty Solutions channel.
About U.S. Bancorp
U.S. Bancorp , with $238 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,518 banking offices and 4,867 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at http://www.usbank.com/.
Safe Harbor for Forward-Looking and Cautionary Statements
Statements in this press release regarding the benefits of the DealerTrack Specialty Solutions platform, its growth prospects, plans regarding new products or services, 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-looking statements.
Factors that might cause such a difference include: the ability to retain our customer base, the ability to implement U.S. Bancorp as a lender and other risks listed in DealerTrack's reports filed with the SEC, including its 2007 Form 10-K. These filings can be found on DealerTrack's website at http://www.dealertrack.com/ and the SEC's website at http://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.
CONTACT: Debbie Oberender DealerTrack 905-281-6229 debbie.oberender@dealertrack.com TRAK-G
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