DealerTrack Network Surpasses 1,200 Lenders
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
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. — Recent automotive retail growth is
among the factors cited by DealerTrack as contributing to the company's
achievement of a milestone in number of lenders.
On Thursday, DealerTrack announced that more than 1,200 U.S.
lenders are now connected to its credit application network.
Surpassing this mark sets a new standard in the company's
history, officials said, and marks significant growth from just five U.S.
lenders in 2001.
"Our credit application network continues to be the leading
platform to support a dealership's sales and F&I workflow," said Robert
Granados, vice president and general manager of DealerTrack's Sales and F&I
Solutions.
Subscribe to Auto Remarketing to stay informed and stay ahead.
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
"The combination of the recent automotive retail market
growth, the strength of our industry partnerships and recently introduced
functionality has allowed us to continue to expand the size and value of our
network for dealers and lenders through the first half of the year," he
continued.
Mercedes-Benz Financial Services joined the DealerTrack credit
application network earlier this year, the company reported.
The network allows dealers to electronically submit credit
applications to its network of banks, independent finance companies, captives
and credit unions, DealerTrack said.
Also, introduced this year is DealerTrack Mobile, a mobile
application the company said is designed to help dealers and lenders manage
finance and consumer credit application activities in real-time from their
mobile devices.
