Smart Choice Automotive Opens New Facility

7 May 1997

Smart Choice Automotive Group, Inc. Obtains Increased Credit Line to $35 Million; Opens New Facility

    TITUSVILLE, Fla., May 6 -- Smart Choice Automotive Group,
Inc. , formerly Eckler Industries, Inc., announced today it has
obtained an increased credit line from Finova Capital Corporation, bringing
the total credit available to $35 million.
    Fred E. Whaley, Executive Vice President and Chief Financial Officer,
stated:  "The increased line of credit will allow the company to continue
expansion in its automobile finance division."
    The company also announced the opening of an additional used car center
located in Pinellas Park, Florida, which is between St. Petersburg and
Clearwater.
    Smart Choice Automotive Group, Inc. consolidates new and used car
dealerships and finance companies.  Smart Choice owns ten used car centers and
has contracted to buy two new car dealerships.  Smart Choice operates in the
following Florida markets:  West Palm Beach, Orlando and Tampa/St. Petersburg.
In addition, the Company has acquired three automobile finance companies which
service approximately 5,000 customers and have approximately $35 million in
receivables.
    Smart Choice Automotive Group, Inc. also operates insurance and dealers
consulting divisions as well as Eckler Industries, one of the nation's leaders
in Corvette parts and accessories with more than 95,000 customers.

SOURCE  Smart Choice Automotive Group, Inc.



Home | New Car Buyers Guide | Total New Car Costs | Reviews
Automotive News | PennySaver Classifieds | Media Library | Auto Parts

Copyright © 1996-2012 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by Gordon Communications and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit press releases or news stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/

*