DealerTrack has announced it is selling ALG to TrueCar but will continue to have access to certain ALG intellectual property or data in its products and services, with a perpetual, royalty-free license. The sale is expected to close in the fourth quarter, subject to customary closing conditions and regulatory approval. ALG will be run independently of TrueCar’s operations. DealerTrack’s management expects to recognize a pre-tax gain for GAAP purposes of at least $40 million on the sale, but officials do not anticipate that this will have an impact on 2011 non-GAAP guidance.