Mitsubishi Motors Credit of America Links to DealerTrack

LAKE SUCCESS, N.Y., July 18 -- DealerTrack, Inc. today announced that Mitsubishi Motors Credit of America (MMCA), the captive automotive financial services arm of Mitsubishi Motors North America, has signed an agreement to join DealerTrack's independent online auto finance network. The agreement enables Mitsubishi dealers to use DealerTrack(R) exclusively when securing financing for their customers, whether through MMCA or any of the more than 140 additional financing sources available through DealerTrack's Web-based network.

"Over 95 percent of Mitsubishi dealerships were already active on the DealerTrack platform," said Gene Cook, director of sales and marketing at MMCA. "Eliminating our old electronic portal and integrating its functionality with DealerTrack will create new efficiencies for our dealers and allow them, in turn, to provide enhanced service and responsiveness to Mitsubishi consumers."

MMCA became available to its dealer customers on the DealerTrack network in early July. Mitsubishi dealers can now use DealerTrack to submit credit applications electronically to MMCA and a wide range of other financing sources, monitor related application and contract status changes, access credit reports, and obtain product and program information.

"This decision by another major captive finance organization to join DealerTrack underscores our position in the marketplace as a trusted, independent financing platform," said Mark O'Neil, DealerTrack's chairman of the board and chief executive officer. "We are confident that DealerTrack will continue to have a positive impact on the business of both Mitsubishi dealers and Mitsubishi Motors Credit of America."

About DealerTrack

DealerTrack is a leading provider of on-demand software and data solutions for the automotive retail industry in the United States. We have established a network of active relationships with over 20,000 automotive dealers, including over 80% of all franchised dealers; over 140 financing sources, including the 20 largest independent automotive financing sources in the United States; and a number of other service and information providers to the automotive retail industry. Our core credit application processing product enables dealers to automate and accelerate the indirect automotive financing process by increasing the speed of communications between these dealers and their financing sources. Our integrated suite of subscription-based software products and services enables 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 and other 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.