DealerTrack, Inc. Appoints Vince Passione Chief Operating Officer

MELVILLE, N.Y.--Oct. 2, 20031, 2003--

Business/Financial Services Industry Veteran Will Drive Product Development, Sales, Marketing and Operations

DealerTrack, Inc., a technology services company enabling finance transactions between automobile dealers and financing sources through its DealerTrack(TM) platform, today announced the appointment of Vince Passione as chief operating officer. In his new role, Mr. Passione will be responsible for driving all product development, sales, marketing and operations for the company.

Mr. Passione brings to DealerTrack more than 20 years experience as a business and technology leader at large, mid-size and start-up financial services companies. He most recently served as president of Ameritrade's Institutional Client Division, where he led the national launch of Ameritrade's new custodial platform, "Ameritrade Connection."

"Vince is an outstanding professional with a great mind for strategy and an intuitive understanding of both the technology and consumer finance industries," said DealerTrack president and chief executive officer, Mark O'Neil. "He has proven experience in bringing the best of large, industry-leading financial services organizations to smaller, more nimble business environments. We feel that he is the ideal choice to help us take both the DealerTrack platform and brand to the next level."

Mr. Passione began his career at IBM as a systems programmer in the data systems division, rising through a range of positions to become business unit executive for the Citigroup Enterprise Branch. In 1993, he became chief technology officer of Citigroup's U.S. Retail Banking Division, and was later appointed chief operating officer of Citi f/I - the internal start-up launched to establish a Citigroup Internet bank subsidiary.

In 1999, Mr. Passione became chief executive officer of Ameritrade subsidiary OnMoney.com, a Web site providing consumers with a single place to review all of their financial information, pay bills, track portfolios and more. He then assumed his most recent role as president of Ameritrade's Institutional Client Division.

About DealerTrack, Inc.:

With over 21,000 dealers and over 45 financing sources currently connected, DealerTrack is North America's premier independent Web-based platform that automates and accelerates the entire automotive financing process. 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.