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DealerTrack to Offer Payment Protection for New, Existing Clients

April 13, 2009

LAKES SUCCESS, N.Y. — Software and data solutions provider DealerTrack has announced the launch of Assurance Commitment, which provides that dealers and dealer groups will not be responsible for future monthly fees on any new subscriptions for DealerTrack solutions in stores that are subsequently closed, sold, or lose their floorplanning.

"This initiative will make it easier for us to move forward together with the important business of ensuring that dealers have the technology they need — across every department in their dealership — to enhance their efficiency and profitability," said Mark O'Neil, DealerTrack's chairman/CEO. "As an industry leader and trusted partner to over 19,000 dealerships, DealerTrack recognizes the financial pressures auto retailers are facing today. With our unique Assurance Commitment, we are taking off the table some of the key uncertainties dealers wrestle with in signing contracts for subscription products."

In addition to forgiving future monthly fees for any stores that later cease to operate or lose their floorplanning, dealers with current subscription contracts can elect to enter into new contracts incorporating the Assurance Commitment. More details, including a list of frequently asked questions, can be found here.

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