National City to Automate Automotive Finance Through DealerTrack; Bank's Automotive Finance Arm Continues Migration to Online Platform

MELVILLE, N.Y.--Aug. 2, 20035, 2003--DealerTrack, Inc. today welcomed National City to the growing community of financing sources participating on its online auto finance platform. National City joins more than 40 financial institutions and over 20,000 dealerships nationwide using DealerTrack(TM).

Garry Marquiss, senior vice president at National City Corp., explained that National City auto dealers are now able to access the company's financing programs on DealerTrack 24-hours-a-day, seven-days-a-week. Through the DealerTrack platform, dealers can submit credit applications to National City and monitor their real-time status, as well as request credit reports and connect with additional financing sources on the platform.

National City's selection of the DealerTrack platform adds to the wide array of online services the bank already makes available to its dealer customers. These services include National City's own auto shopping tool kit and dealer locator for consumers. National City also offers EzDealer.net, an online repository of industry news, rate sheets, Internet-based sales leads and weekly newsletters designed for the dealer community.

"National City believes that the automation of the dealer-to-lender relationship can make participants more profitable, productive and informed," said Mark Dubis, vice president, product manager for National City Corp. "DealerTrack is a key element of our strategy to automate the processes associated with auto finance. We look forward to the operational efficiencies, cost savings and increased dealer access that will come with our adoption of the DealerTrack platform."

"National City has shown strong technology leadership in its dealer finance operations," said Mark O'Neil, president and chief executive officer of DealerTrack, Inc. "DealerTrack is proud to contribute to this success and will strive to build positive results for National City and its customers."

In operation since early 2001, the DealerTrack platform is now processing more than two million credit applications per month.

About DealerTrack

With over 20,000 dealers and over 40 lenders currently connected, DealerTrack is North America's premier independent Web-based platform that automates and accelerates the entire dealer-to-lender relationship, from financing to daily information sharing. The DealerTrack suite of products includes credit application processing, credit report access, electronic contracting and lease comparisons - all in one easy-to-use, integrated solution. Additionally, the DealerTrack platform features integration with top dealer management systems for credit application processing and credit report access. More information on DealerTrack is available at www.dealertrack.com or by calling 877-357-8725.

About National City

National City Corporation, headquartered in Cleveland, Ohio, is one of the nation's largest financial holding companies. The company operates through an extensive distribution network in Ohio, Michigan, Pennsylvania, Indiana, Kentucky, and Illinois and also serves customers in selected markets nationally. Its primary businesses include commercial and retail banking, consumer finance, asset management, mortgage financing and servicing, and payment processing.