DealerTrack Rolls Out DMS Integration for eContracting.

Business Editors

NADA 2004

MELVILLE, N.Y.--(BUSINESS WIRE)--Feb. 5, 2004

DealerTrack, Inc., a technology services company that speeds the total automotive financing process through its DealerTrack(TM) platform, today announced the roll-out of DMS Integration for its eContracting product. This will provide automotive dealers with a seamless end-to-end auto financing process, from credit application through to contract.

DealerTrack eContracting, launched in late 2002, allows dealers to electronically secure customer signatures and electronically transmit contracts and other required data directly to participating financing sources. This process eliminates time-consuming paperwork and reduces contracts-in-transit, while allowing dealerships to receive funding as quickly as the same day.

This new integration with top DMS platforms from Reynolds and Reynolds and ADP will now further streamline the electronic contracting process - eliminating the need for dealers to re-enter contract data into DealerTrack.

"Further reducing any double-data entry required between the DMS and DealerTrack offers tremendous benefit to dealers," said Edward Jen, vice president of product management of DealerTrack, Inc. "This powerful new functionality streamlines the total end-to-end auto finance process. Dealers who use eContracting with DMS integration will find the process to be even more efficient and virtually error-free."

Integration of Reynolds and Reynolds and ADP DMS platforms with DealerTrack's F&I Tool Suite already allows dealers to import and export credit application data with one simple click. By adding DMS Integration to eContracting, dealers can tap into all the DMS functions they need to build the right contract terms for an individual customer, while still leveraging DealerTrack to fully automate contract transmission and finalization.

"Our work with DealerTrack helps us to offer our customers a more seamless F&I process that is linked tightly with their other core applications," said Mike Berry, senior vice president, Reynolds Services Group. "We see this as another tool offered by Reynolds and Reynolds to save our customers time and improve their cash flow."

"Integrating into our full Front-end Suite allows our customers to seamlessly connect with their financing sources for an improved contracting process," said Bob Karp, senior vice president of eCommerce, ADP Dealer Services. "This integration will help us provide a new level of service and convenience to our dealers."

Dealers already using the DealerTrack eContracting product have expressed strong interest in a link between the product and top DMS platforms.

Integration with Reynolds and Reynolds will be available to DealerTrack eContracting customers starting in February. ADP integration will follow shortly, with availability beginning in March.

About DealerTrack, Inc.:

With more than 22,000 dealers and over 60 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, desking tools and comprehensive activity reporting features - all in one easy-to-use, integrated solution. Additionally, the DealerTrack platform features integration with top dealer management systems for credit application processing, credit report access and electronic contracting. More information on DealerTrack is available at www.dealertrack.com or by calling 877-357-8725.

About Reynolds and Reynolds:

Reynolds and Reynolds ( www.reyrey.com ) is the leading provider of integrated solutions that help automotive retailers manage change and improve their profitability. Serving the automotive retailing industry since 1927, Reynolds enables OEMs and retailers to work together to build the lifetime value of their customers. The company's award-winning product, service and training solutions include a full range of retail and enterprise management systems, Web and Customer Relationship Management solutions, learning and consulting services, documents, data management and integration, networking and support and leasing services. Reynolds serves more than 20,000 customers. They comprise nearly 90 percent of the automotive retailers and virtually all OEMs doing business in North America. The Reynolds International Division serves automotive retailers and OEMs through Incadea AG and its partner network as well as a worldwide consulting practice.

About ADP Dealer Services:

ADP Dealer Services provides integrated computing solutions to more than 16,000 automotive and truck dealers throughout the United States, Canada and Europe. ADP Dealer Services Group is the third largest business unit of ADP. ADP (NYSE "ADP"), with $7 billion in revenues and more than 500,000 clients, is one of the largest independent computing services firms in the world. More information on ADP Dealer Services is available on the Internet at www.dealersuite.com.