Price, Brand Loyalty and Specific Needs Weigh Heavily in Consumer Vehicle Choices
PORTLAND, Ore.--(BUSINESS WIRE)--Chrome® Systems Inc., a subsidiary of DealerTrack Holdings, Inc. (Nasdaq: TRAK - News) and an industry leader in managing automotive data, today announced the results of a recent survey that sheds additional light on the consumer vehicle shopping and purchasing process. The online survey of adults who had purchased or leased a vehicle in the previous 12 months was conducted by Zogby International for Chrome. Among the survey’s key findings were:
Raj Sundaram, senior vice president, solutions and services group at DealerTrack, commented, “While it has long been clear that many consumers prefer to use the Internet when researching a new vehicle, this survey reveals the crucial vehicle information that automotive retailing sites need to include to attract consumer traffic and prompt action. What is particularly interesting is how consumers use manufacturer, portal and dealer sites differently depending on where they are in their shopping process.”
Mr. Sundaram continued, “Our primary goal with this survey was to deliver valuable intelligence that will help automotive retailers design websites that cater to the needs of consumers. Putting consumer needs first will result in more positive experiences and help drive more vehicle leads and sales.”
About Chrome (www.chrome.com)
Chrome provides vehicle content, software, technology and services to deliver complete enterprise solutions to all segments of the automotive retail industry. Chrome pioneered the technology behind electronic vehicle configuration with the introduction of PC Carbook®, and since 1986 has collected, analyzed and enhanced “raw” automotive data from all manufacturers. Chrome Systems Inc. is a subsidiary of DealerTrack Data Services, Inc., a DealerTrack Holdings, Inc. company (Nasdaq: TRAK - News).
Safe Harbor for Forward-Looking and Cautionary Statements
Statements in this press release regarding the Chrome survey 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 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 accuracy of the responses received in the survey and other risks listed in DealerTrack’s reports filed with the Securities and Exchange Commission (SEC), including DealerTrack’s Annual Report on Form 10-K for the year ended December 31, 2008. These filings can be found on DealerTrack's website at www.dealertrack.com and the SEC's website at 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.
TRAK-G
Chrome Systems
Sylvie Peterson, 503-963-6369
sylvie.peterson@chrome.com
or
RF|Binder Partners
Joseph Gavin, 212-994-7525
joseph.gavin@rfbinder.com
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