Normal
0
false
false
false
EN-US
X-NONE
X-NONE

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-fareast-font-family:”Times New Roman”;
mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;}

LAKE SUCCESS, N.Y. — DealerTrack announced last week that it
is acquiring the Web-based transportation and shipping network that includes
CentralDispatch.com, jTracker.com and MoveCars.com.

The company entered an agreement to purchase 1st Auto
Transport Directory Inc., and it will likely pay about $74 million for the San
Diego-based network.

The deal will likely close in the third quarter, officials
said.

"Similar to our other network solutions, the acquisition of
1st Auto Transport supports our mission to be the leader in driving efficiency
in the automotive retailing industry. 1st Auto helps dealers source and dispose
of vehicles in a more timely and cost effective manner," said Mark O'Neil,
chairman and chief executive officer at DealerTrack.

"DealerTrack enables the key elements of a dealer's workflow
with our award-winning DMS, credit application network, and inventory
management tools, among other offerings," he continued. "We believe Central Dispatch
complements DealerTrack's turn-key inventory management services, including
analytics, pricing, merchandising, group trade and now transportation, for
franchise and independent dealers."

Explaining the services of 1st Auto Transport in more
detail, officials outlined what each of the offerings provide:

—CentralDispatch.com: a business-to-business,
subscription-based network for facilitating vehicle transportation. It includes
more than 13,000 network subscribers.

—jTracker.com: a customer relationship management and lead
management tool for auto transportation brokers

—MoveCars.com: an online advertising directories for the
vehicle transportation industry.

"By joining DealerTrack, we will be able to extend our
network into more automotive dealerships than ever before, and it will make it
easier for dealers to ship vehicles anywhere, coast-to-coast," said Wayne
Harris, founder and president of 1st Auto Transport.