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DealerTrack Announces Major Enhancements to Its Industry-Leading Compliance Solution

^{Published on 2010-06-01 18:00:35 - Market Wire}
 

LAKE SUCCESS, N.Y.--([ BUSINESS WIRE ])--DealerTrack, Inc., a subsidiary of DealerTrack Holdings, Inc. (Nasdaq: TRAK), a leading provider of on-demand software and data solutions for the U.S. automotive retail industry, today announced a number of significant enhancements to its [ Compliance ] solution. Using the solution, dealers can more easily comply with legal and regulatory requirements and monitor their businessesa™ activities. The enhancements include a new [ Compliance Dashboard ], which provides an overview of compliance-related activity across a storea™s current deals on a single screen, as well as new functionality and design features that streamline navigation and increase the systema™s effectiveness in encouraging full compliance on every deal. All of the new functionality is now available automatically to all DealerTrack Compliance subscribers at no additional cost.

"With these new upgrades, we truly believe that the industrya™s best compliance solution has just gotten even better"

The Compliance Dashboard provides a compact, single-screen view to help dealers identify users, documents and deals that are out of compliance. Highlights of the Dashboard include:

• Compliance Scorea" Provides an easy-to-understand benchmark of deals in a selected time period to give dealers a sense of their overall compliance level.
• Compliance Score Trends a"Compares the trend in a dealera™s compliance scores against average compliance scores for dealers nationwide that use the DealerTrack Compliance solution.
• Additional Enhancements - The DealerTrack Compliance solution upgrade also includes a number of new features that enhance navigation and functionality; messages that highlight problems with incomplete deals more effectively; greater integration with the F&I process to notify users when there is a problem near the finalization of a deal; and enhanced reporting with drill-down capabilities to give quicker insight into problem areas.

aWith these new upgrades, we truly believe that the industrya™s best compliance solution has just gotten even better,a said Raj Sundaram, senior vice president, solutions and services group at DealerTrack. aWe listened to feedback from our customers and have implemented a number of improvements that not only make our solution easier to use, but help dealers to more effectively monitor and increase compliance levels in their stores. Our new Compliance Dashboard provides a unique birda™s-eye view and streamlines the process through improved navigation and one-click access to all compliance activity.a

The DealerTrack Compliance solution is a critical component of the DealerTrack Performance Suite. It is the industrya™s most comprehensive compliance offering, encompassing credit transactions and identity verification, menu selling, tracking and reporting, and electronic document management. It helps protect a dealera™s business by providing a framework that strongly encourages and simplifies adherence to all applicable laws and regulations at both the federal and state levels.

About DealerTrack ([ www.dealertrack.com ])

DealerTracka™s intuitive and high-value software solutions enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, OEMs, agents and aftermarket providers. Our solution set for dealers is the industrya™s most comprehensive. DealerTrack operates the industrya™s largest online credit application network, connecting approximately 17,000 dealers with over 850 lenders. Our Dealer Management System (DMS) provides dealers with easy-to-use tools and real-time data access that will streamline any automotive business. Dealers using DealerTrack AAX get the inventory management tools and services needed to accelerate turns and increase profits. Our Sales and F&I solution enables dealers to streamline the entire sales process while structuring all types of deals from a single integrated platform. DealerTracka™s Compliance solution helps dealers meet legal and regulatory requirements and protect their hard-earned assets. DealerTracka™s family of companies also includes data and consulting services providers ALG and Chrome Systems. For more information, visit [ www.dealertrack.com ].

Safe Harbor for Forward-Looking and Cautionary Statements

Statements in this press release regarding DealerTracka™s Compliance solution, including its benefits to dealers 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 adoption by dealers of the DealerTrack Compliance solution, the proper functioning of the Compliance solution 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 ended December 31, 2010. 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

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