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DealerTrack Forms Compliance Advisory Council

March 06, 2006

LAKE SUCCESS, N.Y. -- DealerTrack Holdings Inc. has formed the DealerTrack Compliance Advisory Council to assist the company in its efforts to educate dealers about compliance issues and to develop additional products that help dealers better manage their compliance risks.

“Dealers face an ever-increasing challenge in identifying and interpreting the myriad of regulations that impact their business every day,” said Mark O’Neil, chairman and CEO of DealerTrack. “By forming our Compliance Advisory Council, we are bringing together experts with a broad range of perspectives and experience in automotive compliance issues, to help support our dealer customers with this critical area.”

“Within the dealer community, there is a serious lack of information or misinformation about compliance,” said Tom Hudson, partner in Hudson Cook LLP. “I am pleased to be part of DealerTrack’s innovative approach in proactively supporting dealers on complex compliance issues.”

Compliance Advisory Council members will lend their expertise in areas such as new laws and regulations, current dealership practices, activity by state and national associations, relevant new case law and compliance-related products and services.

DealerTrack’s Compliance Guide is a free booklet designed to educate dealers about issues related to compliance, and to offer recommended practices that dealers should engage in on every deal. The guide, available in print and electronic formats, covers the following areas: consumer privacy, data security and identity theft, credit applications and contracts, aftermarket selling, and record keeping and destruction. It also contains a glossary explaining key compliance terms.

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