Ally Teams With DealerTrack to Expand Reach of Retail Financing in Canada



TORONTO, April 19, 2011 /CNW/ -- Ally Financial Inc. and DealerTrack Canada, Inc., a subsidiary of DealerTrack Holdings, Inc. (Nasdaq: TRAK), today announced that Ally Credit Canada Limited has been added to the DealerTrack Canada network of more than 6,000 Canadian dealers as a financing option for their customers.


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"The addition of Ally to the DealerTrack Canada network provides the company with access to retail financing applications from essentially all Canadian auto dealers across all manufacturers," said Tom Dickerson, president, Ally Credit Canada Limited. "It is a means to broaden our customer base and to strengthen our support to the auto industry."

Ally and DealerTrack began their strategic partnership in February 2010 when Ally joined DealerTrack's U.S. credit application network. Ally will also continue to accept applications through the RouteOne system.

The DealerTrack Canada network allows Canadian dealers to electronically submit credit application data directly to DealerTrack-registered lenders, and facilitates the completion of lender specific documentation necessary to complete a fundable transaction.

"Now with Ally Financial on the DealerTrack Canada network, Canadian dealers will have another well-respected financing resource to tap into to help close sales," said Michael Collins, vice president and general manager, DealerTrack Canada, Inc., in Mississauga. "The DealerTrack Canada network has quickly become the go-to source for dealers to help streamline their financing processes and simplify electronic, real-time credit decisions."

Ally financed $3.8 billion in consumer auto contracts in Canada last year. "Our presence on DealerTrack in Canada provides additional dealers with a new opportunity to get their customers financed for new and used vehicle sales," added Dickerson.


    About Ally Financial

Ally Financial Inc. (formerly GMAC Inc.) is one of the world's largest automotive financial services companies. The company offers a full suite of automotive financing products and services in key markets around the world. Ally's other business units include mortgage operations and commercial finance, and the company's subsidiary, Ally Bank, offers online retail banking products. With more than $172 billion in assets as of Dec. 31, 2010, Ally operates as a bank holding company. For more information, visit the Ally media site at

Ally Credit Canada Limited (ACCL) provides a wide array of financial products and services to auto dealers and consumers in Canada, including retail automotive financing and related servicing activities, such as payment collection and processing. ACCL also provides dealers with wholesale floorplan financing, working capital loans, revolving lending facilities, and vehicle remarketing services. The company is the preferred provider of financing for GM and Chrysler vehicles. In addition to its retail and dealer finance products, ACCL offers consumers extended service contracts and other insurance products through dealers.

With its main office based in Toronto, ACCL also operates Canadian servicing centers in Toronto and Montreal.


    About DealerTrack Canada, Inc. (

DealerTrack Canada, Inc., a subsidiary of DealerTrack Holdings, Inc., is the leading provider of on-demand credit application processing solutions in Canada. The DealerTrack Canada Network connects more than 6,000 Canadian automobile, marine recreational vehicle, motorcycle, and power sport dealers to all major Canadian financial institutions and more than 50 Credit Unions and strategic industry partners. DealerTrack Canada's solution offerings include the Company's web-powered Dealer Management System (DMS); DealerTrack AAX, a comprehensive inventory management solution; and TradeTracker, an online trade appraisal management tool. The family of DealerTrack Canada solutions allows Canadian dealers to streamline their business operations and processes, work more efficiently and reduce costs, while increasing their business' return-on-investment.


    Safe Harbor for Forward-Looking and Cautionary Statements

Statements in this press release regarding Ally Financial joining DealerTrack Canada's lender network and the benefits thereof 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 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 dealers and lenders of DealerTrack's solutions, the performance by DealerTrack's third-party partners and other risks listed in our reports filed with the Securities and Exchange Commission (SEC), including DealerTrack's Annual Report on Form 10-K for the year ended December 31, 2010. These filings can be found on DealerTrack's website at and the SEC's website at Forward-looking statements included herein speak only as of the date hereof and DealerTrack 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.




SOURCE DealerTrack Holdings, Inc.

For further information: Debbie Oberender, DealerTrack Canada, Inc., +1-905-281-6229,; or Tony Sapienza - Ally Financial Inc., +1-313-656-5005, Web Site:

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