DealerTrack Holdings Inc. has announced the connection of a 700th financing source to its online auto lending network.
The Lake Success, N.Y., company, said Monday that it connects more than 22,000 dealers, including 90% of all franchised automotive dealers in the United States, and other service and information providers. On the network, dealers can submit credit applications electronically to participating banks, credit unions, independent finance companies, and captive finance companies.
Mark O'Neil, DealerTrack's chairman and chief executive, said in a press release, "In today's economic environment, dealers are eager to increase the number of financing sources with whom they have relationships. DealerTrack puts the greatest number of financing sources at their fingertips."
