J.D. Power, III Joins DealerTrack's Board of Directors

    MELVILLE, N.Y.--May 20, 2002--DealerTrack.com, Inc. announced today that J.D. (Dave) Power, III, Chairman and Chief Executive Officer of J.D. Power and Associates, has joined its Board of Directors.
    DealerTrack is a leading provider of web-based services enabling financing transactions and information sharing between automobile dealers and lenders. It offers a comprehensive solution that improves efficiency and profitability for dealers and lenders alike.
    "I enthusiastically welcome Dave to our Board of Directors and look forward to the contributions he can bring to the growth of DealerTrack," said Mark O'Neil, President and Chief Executive Officer of DealerTrack. "His vision and in depth understanding of the auto industry are unparalleled, and those attributes will help us expand our industry leadership position while continuing to deliver an exceptional dealer, lender and consumer financing experience."
    Dave Power has spent more then 40 years as a pioneer in the automotive industry, and is the founder of what has become one of the most prestigious customer satisfaction research firms in the world - J.D. Power and Associates. His studies are used as an industry benchmark by virtually every automotive company today.
    "I am very pleased to be joining DealerTrack's Board," said Dave Power. "This company has a powerful value proposition for dealers and lenders that ultimately benefits consumers. I look forward to contributing to their continued success."
    The appointment of Dave Power to the DealerTrack Board of Directors is another indication of DealerTrack's ability to attract industry leaders. DealerTrack has quickly become the auto finance platform of choice with more than 68% of all franchised, new car dealers using DealerTrack to electronically interact with their lenders.

    About DealerTrack
    DealerTrack.com, Inc. (www.dealertrack.com) is a technology services company providing end-to-end automotive finance and lease transaction processing for lenders and dealers to improve efficiencies and profitability. Its technology aggregates and automates credit processes, speeds lending communications and improves transaction efficiency through the use of the Internet. More than 68% of all franchised, new car dealers nationwide currently use DealerTrack's system.