DealerTrack

DealerTrack

Helps dealers connect their marketing and operations across both digital and physical environments. Learn more

Launch date
Market cap
-
Enterprise valuation
CAD5.5b (Public information from Mar 2017)
Town of North Hempstead New York (HQ)
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DateInvestorsAmountRound

$10.0m

Early VC
N/A

$170m

Valuation: $575m

IPO
N/A

$426m

Post IPO Equity
N/A

$4.0b

Valuation: $4.0b

Acquisition
Total FundingCAD13.6m

Recent News about DealerTrack

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Dealertrack is a prominent provider of on-demand software solutions tailored for the automotive industry in the United States. The company offers a comprehensive suite of tools designed to streamline various aspects of auto dealership operations. Dealertrack serves a wide range of clients, including car dealerships, finance companies, and other automotive businesses.

Operating within the automotive market, Dealertrack's software solutions cover several critical areas. These include desking (which helps in structuring car deals), special finance (assisting in securing loans for customers with unique financial situations), menu selling (offering additional products and services during the sales process), and aftermarket services (products sold after the initial vehicle sale). Additionally, the company provides tools for compliance (ensuring adherence to legal and regulatory standards), electronic contracting (digital handling of contracts), and finance and insurance (F&I) management.

Dealertrack also supports auto sales through inventory management systems, which help dealerships keep track of their vehicle stock, and vehicle valuation tools, which assist in determining the worth of used cars. Their Dealer Management System (DMS) integrates various dealership functions into a single platform, enhancing efficiency and productivity. Furthermore, Dealertrack offers credit application and credit bureau services, facilitating the automotive financing process for both dealers and customers.

The business model of Dealertrack revolves around providing these software solutions on a subscription basis, generating recurring revenue. By offering a range of essential tools that improve operational efficiency and compliance, Dealertrack ensures a steady stream of income from its diverse client base.

In summary, Dealertrack is a key player in the automotive software market, providing essential tools that help dealerships and finance companies operate more effectively and profitably.

Keywords: automotive software, desking, special finance, menu selling, aftermarket, compliance, electronic contracting, inventory management, vehicle valuation, DMS.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by DealerTrack

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Vintek
ACQUISITION by DealerTrack Sep 2013
triVIN Holdings
ACQUISITION by DealerTrack Jan 2011
eCarList
ACQUISITION by DealerTrack May 2011
Incadea GmbH
ACQUISITION by DealerTrack Dec 2014
Dealer
ACQUISITION Jun 2015
Chrome Systems
ACQUISITION by DealerTrack May 2005
ClickMotive
ACQUISITION by DealerTrack Oct 2012