RouteOne Canada Adds RBC Royal Bank to Its Credit Application Service for Auto Dealers

FARMINGTON HILLS, Mich. and TORONTO, July 27 -- RouteOne Canada, a joint venture undertaken by DaimlerChrysler Services, Ford Motor Credit Company and General Motors Acceptance Corporation, announced today that it will add RBC Royal Bank to its web-based credit application management system. The move will make it easier for automotive dealers to submit credit applications to RBC, which is a major lender in Canada's indirect automotive finance market.

"RouteOne was designed to accelerate the automotive finance process by providing automobile dealers with a simple and efficient way to submit credit applications to multiple finance sources," says Barry McMillan, president, RouteOne Canada. "By adding RBC to the system, we will provide improved reach to dealers throughout the country. We are proud to welcome them aboard."

RouteOne is unique in that it connects automotive dealers across Canada with their captive finance source as well as many other indirect lenders through a single point of access.

"A good percentage of RBC's dealer customer base will have access to RouteOne," said George Steinsky, RBC's senior manager Strategy and Business Development, Specialized Financing Products. "We're very pleased with this agreement because it's going to provide dealers with another way to quickly and efficiently activate and access financing with RBC."

RouteOne Canada is headquartered in Markham, Ontario. For more information, log on to http://www.routeone.com/ .

About RouteOne

RouteOne was formed in 2002 to create a more streamlined credit application process for automobile dealers and their customers. Jointly owned by DaimlerChrysler Services, Ford Motor Credit Company, General Motors Acceptance Corporation, and Toyota Financial Services, RouteOne also provides a single point of access for dealer credit applications to some of the largest auto lenders and banks in North America. RouteOne offers dealers a common platform for submitting credit application information to the multiple finance sources with which they do business. Automotive dealers and their finance sources can exchange credit application and credit decisions in near real-time using RouteOne's web-based network. More information is available at http://www.routeone.com/ .

About RBC Financial Group

Royal Bank of Canada uses the initials RBC as a prefix for its businesses and operating subsidiaries, which operate under the master brand name of RBC Financial Group. Royal Bank of Canada is Canada's largest bank as measured by assets, and is one of North America's leading diversified financial services companies. It provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. The company employs approximately 60,000 people who serve more than 12 million personal, business and public sector clients through offices in North America and some 30 countries around the world. For more information, please visit http://www.rbc.com/ .