Ultimate Warranty Joins DealerTrack Aftermarket Network; Now Offers Dealers Real-Time Contract Rating and Quote Generation for More Customer Sales
ROCKY RIVER, Ohio--Feb. 1, 20061, 2006--Ultimate Warranty Corporation has added the DealerTrack Aftermarket Network to its dealership services, now making possible real-time contract rating and quote generation for the Ultimate Warranty family of service contract and ancillary F&I products.Now dealerships offering Ultimate Warranty products will enjoy several new benefits. These dealerships will see a significant reduction in re-contracts and chargebacks often caused by inaccuracies in the selling and contracting processes; reduced wait and presentation times for the customer; increased penetration of service contract, GAP, Etch, theft protection and other Ultimate Warranty products to their customers.
Ultimate Warranty announced this news today at the 89th annual National Automobile Dealers Association convention and exhibition in Orlando, FL. Ultimate Warranty is exhibiting its family of aftermarket products and services at NADA exhibition booth #4074.
The DealerTrack Aftermarket Network is available at no charge to Ultimate Warranty dealerships. The network streamlines and integrates the entire aftermarket process and enables Ultimate Warranty dealerships to:
-- Enjoy the delivery of Ultimate Warranty product and rate information in "real" time. The F&I department will be more confident that the Ultimate Warranty product descriptions and rates it presents to car buyers are up-to-the-second correct and current.
-- Enjoy automated transfer of customer, vehicle and contract data into and out of Ultimate Warranty and into and out of the dealership management system, when permitted by the dealer. Duplicate data entry and re-keying errors are eliminated.
-- Have greater confidence that the F&I office selling Ultimate Warranty products is in compliance with prevailing disclosure laws and regulations.
-- Enhance customer satisfaction through more thorough and accurate product presentations, less customer paperwork - and reduced customer wait times.
"Joining the DealerTrack network and its technology platform makes Ultimate Warranty a more efficient aftermarket products provider that dealerships can partner with to improve profitability through their F&I department," said David Michael, CEO of Ultimate Warranty. "By replacing existing rate and product guides that were cumbersome to use and too often out of date, using Ultimate Warranty through DealerTrack should result in fewer returned contracts and costly chargebacks to dealerships.
"Dealerships offering Ultimate Warranty products to their customers through the DealerTrack network will now enjoy increased efficiency, time savings, greater accuracy and a decrease in chargebacks," Michael said.
Last November Ultimate Warranty added DealerTrack's e-Menu(TM) solution to its processes. The addition of the DealerTrack Aftermarket Network to Ultimate Warranty's services now integrates e-menu into an important two-way, real-time network between the aftermarket products provider and the dealership.
About Ultimate Warranty Corporation
(www.uwc21.com)
Based in Rocky River, Ohio, Ultimate Warranty Corporation is a premier provider of service contracts and ancillary F&I products. Since inception, Ultimate Warranty's focus on quality, integrity, and service has proved to be a reliable formula for success. Ultimate Warranty products, sold only through a select retail network, are competitively priced and feature a consumer-friendly claims management process unlike any other. Currently serving over 8,000 dealerships nationwide, Ultimate Warranty continues to expand its retail network and provide value-added products and services unmatched in the industry.
About DealerTrack Aftermarket Services
(www.dealertrack.com)
DealerTrack Aftermarket Services is a subsidiary of DealerTrack Holdings, Inc. . DealerTrack Aftermarket Services is a leading provider of aftermarket product sales and administration solutions. DealerTrack's eMenu and Aftermarket Network streamline the process of pricing, presenting and processing aftermarket products for automotive retailers. DealerTrack's technology solutions improve workflow processes for aftermarket providers, including insurance companies, third-party administrators (TPAs) who underwrite, price, administer, manage and sell vehicle service agreements, GAP coverage, theft deterrent devices, credit life insurance and other aftermarket products.
DealerTrack is a leading provider of on-demand software and data solutions for the automotive retail industry in the United States. DealerTrack utilizes the Internet to link automotive dealers with banks, finance companies, credit unions and other financing sources, and other service and information providers, such as the major credit reporting agencies. DealerTrack has established a network of active relationships with over 21,000 automotive dealers, including over 80% of all franchised dealers; over 200 financing sources, including the 20 largest independent financing sources in the United States and nine captive financing sources; and a number of other service and information providers to the automotive retail industry. DealerTrack's credit application processing product enables dealers to automate and accelerate the indirect automotive financing process by increasing the speed of communications between these dealers and their financing sources. DealerTrack's integrated subscription-based software products and services enable automotive dealer customers to receive valuable consumer leads, compare various financing and leasing options and programs, sell insurance and other aftermarket products, document compliance with certain laws and execute financing contracts electronically.