100th Financing Source Connects to DealerTrack(TM)

MELVILLE, N.Y., Nov. 10, 2004 -- DealerTrack, Inc., which operates North America's leading online automotive finance platform, today announced that the number of financing sources connected to the DealerTrack(TM) platform has reached 100. By the end of 2004, the company expects the number to exceed 120, double the total a year earlier.

Mark O'Neil, DealerTrack's president and chief executive officer, said, "Our platform is currently handling an average of more than 85 percent of the credit applications received by participating financing sources. Overall, we process nearly three million applications each month, which we estimate accounts for at least 35 percent of all U.S. automotive credit applications. That makes us the clear industry leader, with no other online system even approaching a 10 percent market share."

Mr. O'Neil continued, "Because we provide instant, online access to their financing sources, more than 24,000 auto retailers, including about 90 percent of franchised dealers in the U.S., are using DealerTrack to speed up the credit application process. However, our value proposition for dealers is much broader than that, spanning the entire sales and financing process from enhancing the dealer's website through desking deals, completing contracts electronically and getting them funded within 24 hours."

DealerTrack pioneered electronic contracting in the automotive sector in 2003, and its eContracting product remains unique in the marketplace. Ten financing sources are now "live" with eContracting, and that number is expected to reach approximately 18 by year-end. In addition, the recent acquisition of LML Technologies' LeaseLINK(R) family of desking solutions represents a significant expansion of the sales floor capabilities of the DealerTrack platform. The Company's other products and services include integration with dealer management systems, credit report access, activity reporting and a dealer website product.

Mr. O'Neil concluded, "We are systematically building out a comprehensive technology solution to streamline and integrate dealerships' sales and finance processes, providing benefits to dealers, financing sources and consumers alike."

About DealerTrack, Inc.:

DealerTrack operates North America's leading online automotive finance platform, enhancing efficiency, profitability and customer satisfaction for dealers and their financing sources. More than 24,000 dealers and 100 financing sources are currently connected via DealerTrack's online credit application software, which is free to the dealer. By integrating the full suite of subscription products, dealers can build a comprehensive sales and finance management system that includes DealerTrack's innovative electronic contracting solution as well as desking tools, credit report access, activity reporting and a dealer website product. With DealerTrack's eContracting, a financing process that traditionally can take a week or more is speeded up dramatically -- from initiation to a completed contract and funding as soon as the same day. Through its participation in AFSA, ASC X9, SPeRS, STAR and other organizations, DealerTrack continues to drive industry-wide technology standards to support the total financing process. More information on DealerTrack is available at http://www.dealertrack.com/ or by calling 877-357-8725.