LAKE SUCCESS, N.Y. -

DealerTrack AAX announced today that it has signed an agreement to acquire eCarList, a provider of inventory management and merchandising solutions for dealerships.

The acquisition is expected to close in July and the combination of DealerTrack’s AAX inventory management solution and eCarList’s product suite is designed to help dealers generate additional vehicle interest and higher quality Internet and showroom traffic, while maximizing profits, DealerTrack company officials stressed.

Dallas-based eCarList’s product suite specializes in vehicle merchandising, pricing analytics and mobile inventory solutions, to name a few.

Mark O’Neil, chairman and chief executive officer of DealerTrack, said, “We are extremely excited to announce this acquisition. eCarList is one of the fastest-growing companies in the industry and is a leader in delivering innovative vehicle merchandising and management solutions for the automotive retail industry.

“We believe the addition of eCarList will enable DealerTrack to expand its leading position as the industry’s most comprehensive suite of inventory management and merchandising solutions that leverages the best from each company,” he added.

Len Critcher, president and chief executive officer of eCarList, said the company “looks forward to joining the DealerTrack family."

“The combination of DealerTrack AAX and eCarList will drive even more innovation to help dealerships generate additional vehicle interest and higher quality Internet and showroom traffic, all while maximizing overall deal profits,” Critcher continued.

Critcher, along with the entire eCarList management team, will remain with the combined company, company officials noted.

The financial impact of this acquisition to DealerTrack’s 2011 guidance will be given in conjunction with the release of DealerTrack’s results for the second quarter of 2011.

For more information on eCarList, visit www.ecarlist.com.