One of America’s largest automotive dealer groups, Lithia Motors, Inc., headquartered in Medford, Ore., has selected and begun implementing the DealerTrack(SM) online auto finance system to speed the process of submitting and obtaining responses to loan and lease applications.

"DealerTrack provides easy access for our finance department in submitting, tracking and funding of contracts," said Jeff DeBoer, chief financial officer for Lithia Motors. "We’ll have DealerTrack available in every location, and most of our stores are already online."

"Using DealerTrack will strengthen our alliances with our lenders, expedite our sales process and help us become more efficient with the tracking and funding of our credit applications and contracts. We want to use the latest technology that can provide a service to our customers and benefit the dealerships," concluded DeBoer.

Current lender participants in DealerTrack are Chase Automotive Finance,

AmeriCredit Corp., Subaru Motors Finance, Wells Fargo Auto Finance, Arcadia Financial Ltd, and Regions Bank. Dealers can submit applications to and receive extremely fast responses from these institutions electronically and at no cost.

Lithia Motors joins more than 10,000 automobile dealers nationwide that have already implemented DealerTrack to manage their auto loan and lease portfolios.

"DealerTrack is free of charge to auto dealers. That, combined with our extremely fast turnaround time and great service, is helping auto dealers to embrace the concept of conducting business electronically," said Mark O’Neil, president and chief executive officer, DealerTrack. "As large groups like Lithia Motors choose our system, it will help to strengthen our presence within the industry as the leading Internet-based solution for managing automotive finance."

DealerTrack allows auto dealers to submit a consumer’s credit application online to multiple financing institutions. Dealers can also access real-time application and contract status information from each lender participating on the DealerTrack platform, regardless of whether their application was sent electronically or by fax.

For more information about DealerTrack, auto dealers may contact Rick Pinto, National Sales Manager, (631) 486-1655, or email rick.pinto@dealertrack.com; lenders may contact Rich McLeer, National Lender Relationship Manager, (631) 486-1649,

or email richard.mcleer@dealertrack.com.

About DealerTrack

DealerTrack (www.dealertrack.com) is an independent web-based auto finance enabler for automotive dealers. The Company provides an impartial end-to-end loan and lease transaction channel that improves efficiencies and profitability for lender and dealer users by automating credit processes, speeding lending communications and improving transaction efficiency through the use of the Internet. More than 10,000 dealerships nationwide, both individual stores and large dealer groups, currently use the DealerTrack system. Formed by a lender consortium, DealerTrack is owned by J.P. Morgan Chase & Co., AmeriCredit Corp. and Wells Fargo & Company.

About Lithia Motors, Inc.

Lithia Motors, Inc. is a Russell 2000 Company that operates 121 franchises in California, Oregon, Washington, Nevada, Colorado, Idaho, South Dakota and Alaska. Lithia sells 26 brands of new vehicles at 63 stores and over the Internet through "Lithia.com-America's Car & Truck Store." Lithia also sells used vehicles; arranges finance, warranty, and credit insurance contracts; and provides vehicle parts, maintenance, and repair services at all of its locations. For more information about Lithia Motors, log on to www.lithia.com.