The Car and Truck Fleet and Leasing Management Magazine

DealerTrack to Offer Online Vehicle Remarketing Solution to Dealers

August 21, 2001

Automobile dealers will be able to access information on off-lease vehicles and purchase them via the Internet, prior to auction, through a new service being developed by DealerTrack and Manheim ( new service is currently under development and scheduled for launch in the fourth quarter of 2001.Through this service, participating DealerTrack lenders will be able to list off-lease vehicles on the DealerTrack site prior to their termination date and up to the point when those vehicles reach auction. Dealers will be able to access these listings and purchase vehicles online. Included in the service offering, Manheim’s Remarketing Solutions will provide inspection reports on each vehicle and Manheim Auctions will facilitate the transactions involved, including title and funds transfer.Currently, Chase Manhattan Bank, Arcadia Financial, AmeriCredit, Wells Fargo, and Subaru Motors Finance participate on the DealerTrack platform.For more information about DealerTrack, auto dealers may contact Rick Pinto, national sales manager, (631) 486-1655, or e-mail [email protected]; lenders may contact Rich McLeer, national lender relationship manager, (631) 486-1649, or email [email protected]
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