Volvo Car Financial Services Selects Dealertrack as Exclusive Credit Application Processing Platform for Volvo U.S. Dealerships

  Volvo Car Financial Services Selects Dealertrack as Exclusive Credit
  Application Processing Platform for Volvo U.S. Dealerships

 Latest Captive Joins a List of Top Lenders on the Industry’s Leading Credit
                             Application Network

Business Wire

LAKE SUCCESS, N.Y. -- December 12, 2012

Dealertrack Technologies (Nasdaq: TRAK) and Volvo Car Financial Services today
announced that Volvo Car Financial Services has become a lender on the
Dealertrack Credit Application Network.

Dealertrack is the exclusive credit application network through which Volvo’s
311 dealers in the United States can submit credit applications to Volvo Car
Financial Services, the captive automotive financial services subsidiary for
Volvo Cars.

Volvo dealers also use Dealertrack’s Mobile Sales and F&I app to track their
Volvo Financial Services activity. The app supports dealers’ efforts to
securely manage and monitor the status of consumer credit application and
contract activities in real-time from their mobile devices.

“This partnership with Dealertrack will significantly enhance support for our
retailer's financing process,” said Peter Wexler, vice president, Sales and
Marketing, Volvo Car Financial Services U.S., LLC

“Over the years, Volvo dealers have leveraged a broad range of Dealertrack
solutions and services, including Dealertrack DMS, eMenu, Aftermarket,
Compliance and Inventory solutions, across their dealerships as part of their
overall sales and F&I workflow,” said Allan Stejskal, vice president and
general manager, Sales and F&I Solutions, Dealertrack. “The addition of Volvo
Car Financial Services to the Dealertrack network will help Volvo dealers
accelerate and streamline the financing process across each of their
dealerships.”

The Dealertrack Credit Application Network allows dealers to electronically
submit credit application data to the industry’s most diverse network of
banks, independent finance companies, captives and credit unions. The
Dealertrack Credit Application Network, which has grown from five lenders in
2001 to more than 1,200 lenders today, continues to expand and remains the
automotive retail market’s largest finance network.

About Volvo Car Financial Services (www.volvocarfinancialservices.com)

Volvo Car Financial Services U.S., LLC, is a wholly owned subsidiary of Volvo
Car Corp. of Gothenburg, Sweden, and provides financial services products to
Volvo consumers and Volvo retailers in the United States.

About Dealertrack Technologies (www.dealertrack.com)

Dealertrack Technologies’ intuitive and high-value web-based software
solutions and services enhance efficiency and profitability for all major
segments of the automotive retail industry, including dealers, lenders, OEMs,
third-party retailers, agents and aftermarket providers. In addition to the
industry’s largest online credit application network, connecting more than
19,000 dealers with more than 1,200 lenders, Dealertrack Technologies delivers
the industry’s most comprehensive solution set for automotive retailers,
including Dealer Management System (DMS), Inventory, Sales and F&I,
Interactive and Registration and Titling solutions. For more information visit
www.dealertrack.com.

Safe Harbor for Forward-Looking and Cautionary Statements

Statements in this press release regarding the benefits of Volvo Financial
Services joining the Dealertrack network 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 Technologies 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 adoption by Volvo
dealers of the Dealertrack network, the percentage of financing that Volvo
dealers conduct through Volvo Financial Services, the number of Volvo dealers
that subscribe to Dealertrack products and other risks listed in our reports
filed with the Securities and Exchange Commission (SEC), including our Annual
Report on Form 10-K for the year ending December 31, 2011. These filings can
be found on DealerTrack Technologies’ 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 Technologies 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

Contact:

Dealertrack Technologies, Inc.
Ken Engberg, 516-734-3692
kenneth.engberg@dealertrack.com
or
Michael DeMeo, 516-734-3691
michael.demeo@dealertrack.com
 
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