New Platform to Connect Independent Dealers and Lenders LAKE SUCCESS, N.Y., March 3 /PRNewswire-FirstCall/ -- DealerTrackHoldings, Inc. (Nasdaq: TRAK), a leading provider of on-demand software anddata solutions for the U.S. automotive retail industry, today announced thelaunch of the DealerTrack Independent Network(TM), a new web-based platformconnecting independent (non-franchised) dealers and financing sources. Theplatform will include robust risk-mitigation capabilities enabling dealersto provide additional financing options to their customers. "The DealerTrack Independent Network is a natural extension of ourmarket- leading solution for submitting credit application data," said MarkO'Neil, chairman and chief executive officer of DealerTrack. "By providinga comprehensive package of risk-mitigation capabilities, we believe our newIndependent Network will enable many more lenders and independent dealersto be comfortable doing business with each other." Over 90% of U.S.-based franchised dealerships and several thousand ofthe largest independent auto dealers are active DealerTrack users connectedwith multiple lenders. However, the majority of the nation's estimated42,800 independent dealers, which sold over 13 million used vehicles in2007, have some level of difficulty developing relationships with financingsources. Among other high value features, the DealerTrack Independent Networkwill include ongoing dealer monitoring, as well as vehicle title processingand title insurance. DealerTrack has formed alliances with VINtek, Inc. andVehicle Title Agency, LLC, respectively, to offer these services. Richard McLeer, senior vice president, strategy and development,DealerTrack, said, "The inability of many independent dealerships to offerfinancing options to their customers limits their potential revenueopportunities and puts them at risk for losing deals. By partnering withVINtek and Vehicle Title Agency, LLC, we are minimizing the risks lenderssometimes face, benefiting lenders, dealers and consumers alike." The first five financing sources that have agreed to connect to theDealerTrack Independent Network are ACC Consumer Finance, AmeriCreditFinancial Services, Fireside Bank, Turner Acceptance Corporation andUniversal Special Auto Finance. O'Neil concluded, "We believe the Independent Network is a keystrategic solution for DealerTrack. It has the potential to leverage ourexisting credit application network not only in connecting more dealers andlenders, but also by creating new growth opportunities for DealerTrack.Subscription and transaction products such as the DealerTrack Arkona DMS,our InventoryPro inventory management solution, the DealerTrack AftermarketNetwork, online used car valuation tools and our compliance solutions canhelp independent dealers better manage their business." About DealerTrack (http://www.dealertrack.com) DealerTrack Holdings, Inc. (Nasdaq: TRAK) is a leading provider of on-demand software and data solutions for the U.S. automotive and relatedindustries. The company's solutions enable dealers to receive consumerleads, submit credit applications and receive responses, compare financingand leasing options, sell insurance, accessories and other aftermarketproducts, document compliance, and execute financing contractselectronically. In addition, the DealerTrack Arkona DMS (dealer managementsystem) is used by dealerships nationwide. Over 22,000 dealers, includingmore than 90% of all franchised dealers; over 500 financing sources; andother service and information providers are active in the DealerTracknetwork. About VINtek, Inc. (http://www.vintek.com) Founded in 1990, Philadelphia-based VINtek provides automotivecollateral management services and business process outsourcing for banks,credit unions and other auto finance institutions using paper or electronictitles. A provider of Electronic Lien Transform (ELT) technology, VINtekhelps lenders increase efficiency, decrease costs associated with accountmanagement and reduce errors and exceptions on titles and liens throughautomation. For more information, visit http://www.vintek.com. About Vehicle Title Agency, LLC (http://www.autotitleguard.com) Vehicle Title Agency, LLC is a joint venture between The First AmericanCorporation (NYSE: FAF), a FORTUNE 500(R) company that traces its historyto 1889, and Experian Automotive, the automotive industry's premierinformation and vehicle history data supplier. By combining the strengthsand expertise of these two companies, Vehicle Title Agency, LLC maximizesits efficiencies to deliver TitleGuard Vehicle Title Insurance to the usedcar buying and selling public. TitleGuard is the first and only productthat insures used car buyers, sellers and lenders against the actual lossesthat can result from unreported DMV title defects for up to 100 percent ofthe vehicle's fair market retail value, or $50,000. To learn more aboutVehicle Title's TitleGuard, visit http://www.AutoTitleGuard.com. Safe Harbor for Forward-Looking and Cautionary Statements Statements in this press release regarding DealerTrack, the benefits ofthe DealerTrack Independent Network, the potential to leverage theDealerTrack Independent Network to create new growth opportunities and selladditional subscription products, and all other statements in this releaseother than the recitation of historical facts are forward-lookingstatements (as defined in the Private Securities Litigation Reform Act of1995). These statements involve a number of risks, uncertainties and otherfactors that could cause actual results, performance or achievements ofDealerTrack to be materially different from any future results, performanceor achievements expressed or implied by these forward-looking statements. Factors that might cause such a difference include: the number offinancing sources and dealers that participate in the DealerTrackIndependent Network, the technical functionality of the DealerTrackIndependent Network, and other risks listed in our reports filed with theSecurities and Exchange Commission (SEC), including our Annual Report onForm 10-K for the year ended December 31, 2007. These filings can be foundon DealerTrack's website at http://www.dealertrack.com and the SEC's website athttp://www.sec.gov. Forward-looking statements included herein speak only as ofthe date hereof and DealerTrack disclaims any obligation to revise orupdate such statements to reflect events or circumstances after the datehereof or to reflect the occurrence of unanticipated events orcircumstances.
TRAK-G Contacts: Raphael Carty DealerTrack (516) 734-3777 raphael.carty@dealertrack.com Stephanie Lowenthal RF|Binder Partners (212) 994-7619 stephanie.lowenthal@rfbinder.com
