"Finance Express is the best platform I've seen for integrating buy here pay here
and special finance together. It can be a total capital solution."
Kenneth B. Shilson, CPA
President, Subprime Analytics
Principle, Shilson, Goldberg, Cheung & Associates, LLP
Founder and President, National Alliance of Buy Here Pay Here Dealers
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FINANCE EXPRESS PURCHASES TRACKER DEALER MANAGEMENT SYSTEM
RANCHO SANTA MARGARITA, CA, May 24, 2007 - Finance Express, which
operates the first online auto finance platform specifically designed
for the independent automotive used car dealer, announced today that it
has bought the Tracker Dealer Management System from Manheim. Although
the Tracker product will no longer be offered for sale, Finance Express
will provide technical support through the end of the year.
As part of the sale, Manheim will work to provide the same Manheim
integrative services that Tracker offered, such as the ability to
download Manheim auction purchases, search for specific makes and models
for sale within the Manheim system, list vehicles for sale on
AutoTrader.com and OVE.com, get updated pricing reports from Manheim
Market Report and get current floorplan balances from Manheim Automotive
Financial Services (MAFS).
"Finance Express was originally created to level the playing field for
used car dealers by providing them with all of the tools that were
previously only available to franchise dealers. We are now able to
provide this powerful, web-based product offering to all Tracker
dealers," said David Huber, President of Finance Express. "We are
excited about continuing to develop our relationships with the nation's
two largest auto auction companies, Manheim and Adesa."
"Integrated desktop solutions are making products like dealer management
systems much more robust and valuable," said Ralph Liniado, Manheim's
Senior Vice President of Business Development. "Finance Express'
expertise in developing and maintaining leading-edge software
applications for dealers will greatly benefit the independent dealer
market ."
"We are excited to be partnering with Finance Express," said Gordon
Warren, Vice President and General Manager of Tracker. "The Finance
Express DMS System offers many features similar to those found in
Tracker DMS, including payments and collections, and reporting and
integration with key accounting software."
About Finance Express
Finance Express is the leading provider of online services and
web-based technology for the independent dealer market including a
comprehensive DMS with functions such as dealer inventory management,
credit application processing, contracting, links to lending sources,
dealer management tools, loan servicing, accounting systems
integrations, and licensed escrow services. The comprehensive program
provides dealers online access to an end to end solution and provides a
safe and secure environment for participating lenders. For more
information about Finance Express visit www.financeexpress.com.
About Manheim
Manheim is the world's leading provider of automotive remarketing
services. Through its live auctions and array of technology products,
Manheim impacts every stage of a used vehicle's life cycle, helping
commercial sellers and automobile dealers realize the full value of
their vehicles. The company's services include reconditioning,
certification, inspections, dealer financing, transport, title
management and marshaling, among others. Manheim is also the leader in
remarketing technology, using its online tools to connect buyers and
sellers around the globe to the world's largest, most comprehensive
wholesale marketplace. A wholly owned subsidiary of Cox Enterprises,
Atlanta-based Manheim is a global organization with 32,000 employees at
its 145 U.S. and international locations. For more information, visit
www.manheim.com.
CONTACT:
Finance Express
Shannon Acton
(949) 635-5892
sacton@financeexpress.com
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