Company Signs Letter-of-Intent to Participate in the Toyota DMS Integration Program

LAKE SUCCESS, N.Y., Feb. 4, 2011 /PRNewswire/ -- DealerTrack, Inc., a subsidiary of DealerTrack Holdings, Inc. (Nasdaq: TRAK), a leading provider of on-demand software and data solutions for the North American automotive retail industry, today announced that the Company has completed development of all system integrations within Toyota's Dealer Daily Open Access Project, and has signed a letter-of-intent to join the Toyota DMS Integration Program (TDIP).  

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DealerTrack's inclusion in the TDIP will allow Toyota Motor Sales USA dealerships who use DealerTrack DMS to leverage all of Toyota's system integration points, and provide dealers with an enhanced interface into Toyota's Dealer Communication System, Dealer Daily.  Each department within a dealership will benefit from the synergy between Toyota and DealerTrack, including the Service, Parts, Accounting, Sales and Finance departments.

"Completing these interfaces with Toyota Motor Sales USA is a prime example of DealerTrack's commitment to providing dealers with a diverse product line that is fully-compatible with a dealership's existing systems and processes," said Raj Sundaram, senior vice president, DealerTrack, Inc.  "Toyota dealers considering the DealerTrack DMS solution can now proceed with confidence that we can meet their technology needs."

Dealer Daily is an integrated solution that supports a variety of dealership applications, allowing dealers to conduct their dealership business efficiently and easily.  The Dealer Daily website is a 24-hour portal into Toyota Motor Sales USA factory communications, on-line forms, various business tools, diagnostic and service information, and training materials.

About DealerTrack (www.dealertrack.com)

DealerTrack's intuitive and high-value software solutions enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, OEMs, agents and aftermarket providers.  Our solution set for dealers is the industry's most comprehensive.  DealerTrack operates the industry's largest online credit application network, connecting approximately 17,000 dealers with over 900 lenders.  Our Dealer Management System (DMS) provides dealers with easy-to-use tools and real-time data access that will streamline any automotive business.  Dealers using DealerTrack AAX get the inventory management tools and services needed to accelerate turns and increase profits.  Our Sales and F&I solution enables dealers to streamline the entire sales process while structuring all types of deals from a single integrated platform.  DealerTrack's Compliance Solution helps dealers meet legal and regulatory requirements and protect their hard-earned assets.  DealerTrack's family of companies also includes data and consulting services providers ALG and Chrome Systems.  For more information, visit www.dealertrack.com.

Safe Harbor for Forward-Looking and Cautionary Statements

Statements in this press release regarding integration with Toyota and any conclusions or statements based thereon, and all other statements in this release other than the recitation of historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995).  These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of DealerTrack to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements.

Factors that might cause such a difference include the risks listed in our reports filed with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2009. These filings can be found on DealerTrack's website at www.dealertrack.com and the SEC's website at www.sec.gov. Forward-looking statements included herein speak only as of the date hereof and DealerTrack disclaims any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances.

TRAK-G

SOURCE DealerTrack Holdings, Inc.

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