incadea Enters Tire Business in China
Michelin China to Deploy Tire And Fast-Fit Business Solution in 2,000+ TYREPLUS
Service Centers in its Franchise Network
Munich, Germany, September 24th, 2015 – Further expanding its presence in Asia, incadea, a Dealetrack solution, today announced that as part of an agreement with Michelin Headquarters, Michelin China will deploy incadea.fastfit tire business management solution in more than 2,000 TYREPLUS Service Centers across the People’s Republic of China by 2018. Incadea, through its subsidiary operation in China, further builds upon the company’s existing installed base of dealer management systems (DMS) and other solutions in the region.
Incadea.fastfit is an integrated tire business management solution that enhances the operational efficiency and productivity of tire retailers. Through the use of e-commerce, knowledge management and customer relationship management tools, the solution collectively supports the optimization of internal processes and procedures. Currently, incadea’s tire business solution is used by more than 6,000 users across 26 countries.
“This partnership will allow us to better answer to retailers’ needs to capture the expected growth of the tire and car service business in China over the next several years in our TYREPLUS franchise network,” said Pascal Roche, Michelin China Commercial Director. “Incadea has a great reputation for delivering sustainable technology solutions that help retailers to manage better their operations locally and across the region.”
Patrick Katenkamp, chief executive officer of incadea, states, “With this partnership, Michelin China can capitalize on the growing market for automotive tires and aftermarket products in the region through the use of proven and integrated technology solutions. This partnership is just one example of how Dealertrack and incadea can help automotive retailers transform their businesses worldwide.”
incadea, a Dealertrack (Nasdaq: TRAK) solution, is a leading international provider of software solutions and services to the global automotive retail and wholesale market. incadea addresses the needs of this industry by offering global solutions with state-of-the-art innovation and local execution capabilities. Products include dealer management, business intelligence, and customer and vehicle relationship management solutions, based on the latest Microsoft Dynamic technology. These are used by multinational car manufacturers, Original Equipment Manufacturers (OEMs) and their dealership networks. Through continuing global expansion, incadea serves more than 83,000 end users in more than 3,500 dealerships in 90 countries across the globe. Headquartered in Germany, incadea has offices in Austria, Greece, Spain, Portugal, Russia, China, Japan, India, Taiwan, Mexico, New Zealand. The Group has a network of worldwide certified channel partners, and its range of blue chip customers include over 50 OEMs such as BMW, Toyota, Volkswagen, Peugeot/Citroën, Ford, Scania and Mercedes-Benz.
About Dealertrack Technologies
Dealertrack Technologies’ intuitive and high-value web-based software solutions and services enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, vehicle manufacturers, third-party retailers, agents and aftermarket providers. In addition to the industry’s largest online credit application network, connecting more than 20,000 dealers with more than 1,500 lenders in the United States and Canada, Dealertrack Technologies delivers the industry’s most comprehensive solution set for automotive retailers, including Dealer Management System (DMS), Inventory, Sales and F&I, Digital Marketing and Registration and Titling solutions.
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Statements in this press release regarding the benefits of Dealertrack's solutions, any conclusions or statements based thereon 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 Technologies 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 performance and acceptance of the Dealertrack solutions, the performance of Dealertrack's third-party partners, and other risks listed in our reports filed with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ending December 31, 2014 and our Quarterly Reports on Form 10-Q. These filings can be found on Dealertrack Technologies' 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 Technologies 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.
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