DealerTrack Announces Changes in Its Board of Directors

Thomas R. Gibson Joins Board

LAKE SUCCESS, N.Y., June 24 -- DealerTrack Holdings, Inc. today announced that Thomas R. Gibson has been elected to its board of directors. In addition, DealerTrack announced that five directors -- Norman Buchan, Carty Y.K. Chock, David Lawson, Lou Cosso and Thomas Wolfe -- have recently resigned from the board. With the addition of Mr. Gibson, DealerTrack's board of directors is currently comprised of seven members.

"We would like to thank the departing directors for their commitment and numerous contributions to the growth and development of DealerTrack," said Mark O'Neil, DealerTrack's chairman of the board and chief executive officer. "We felt it was important, however, that the make up of our board better reflect the evolving scope of our business. Given the sensitive nature of many of our products and services, we believe that a more independent board is in the best interest of DealerTrack and all of our current and prospective customers. We are very pleased to welcome Tom Gibson to the DealerTrack board of directors. Tom's experience with the domestic OEMs and one of the nation's largest automotive retailers will provide us with a valuable perspective."

Thomas R. Gibson was chairman of Asbury Automotive Group, one of the nation's largest automotive retailers, from 1994 to 2003. He was also Asbury's chief executive officer between 1994 and 1999, as well as interim chief executive officer for a portion of 2001. Prior to joining Asbury, he served as president and chief operating officer of Subaru of America, Inc. and as director of marketing operations and general manager of import operations for Chrysler. Mr. Gibson began his career in 1967 with Ford Motor Company and held key marketing and field management positions in both the Lincoln-Mercury and Ford divisions. He also serves on the board of directors of IKON Office Solutions. Mr. Gibson is a graduate of DePauw University and holds a master's in business administration from Harvard University.

  The six continuing members of the board of directors are:

   * Mark F. O'Neil -- Chairman and CEO of DealerTrack Holdings, Inc.
   * Daniel E. Berce -- President of AmeriCredit Corp., an independent auto
     finance company
   * Mary Cirillo-Goldberg -- former Chairman and CEO of OPCENTER, LLC, a
     privately held company that provides help desk, e-commerce and network
     operations services
   * Steven J. Dietz -- Partner at GRP Partners, L.P., a venture capital
     firm
   * James David Power III -- Founder and Chairman of J.D. Power and
     Associates, a marketing information firm
   * Howard L. Tischler -- President and CEO of First American Credit
     Management Solutions Inc., a finance source software solution provider

  About DealerTrack

DealerTrack is a leading provider of on-demand software solutions for the automotive retail industry in the United States. We have established a network of active relationships with over 21,000 automotive dealers, including over 85% of all franchised dealers, over 130 financing sources, including the 20 largest independent automotive financing sources in the United States, and a number of other mission-critical service and information providers to the automotive retail industry. Our core credit application processing product automates and accelerates the indirect automotive financing process by increasing the speed of communications between dealers and financing sources and improving transactional efficiency. We also offer an integrated suite of subscription-based software products and services that enable our automotive dealer customers to receive valuable consumer leads, compare various financing and leasing options and programs, sell insurance and other after-market products, document compliance with certain laws and execute financing contracts electronically. In addition, we offer data products and services to various industry participants, including lease residual value and automobile configuration data. More information on DealerTrack is available at http://www.dealertrack.com/ or by calling 877-357-8725.