RouteOne Signs 100th Finance Source

FARMINGTON HILLS, Mich., June 28 -- RouteOne LLC, the online credit application management system launched by the captive finance arms of DaimlerChrysler, Ford Motor Company, General Motors and Toyota, announced today that it has signed its 100th lender, signaling a 40 percent increase in the number of finance sources available since January of this year.

RouteOne was developed to provide dealership customers the combined value of captive relationships and the freedom for dealers to select independent lenders in a single, easy-to-use portal. RouteOne reduces processing time and data errors, allowing for quick application turnaround and improved bottom line results.

"The quality of our 100 lending partners is especially noteworthy," said Mike Jurecki, RouteOne CEO. "In addition to providing dealers access to the premier independent finance sources in the automotive lending space, we are the only access to the top four captive lending institutions and their affiliates. Together, this powerful combination offers access to more than 70 percent of all automotive finance business nationally. No other system provides this wide of a lender base to dealers.

"Dealers are responding to our expanded roster of finance sources by submitting record levels of applications through our system each month. We have experienced over 50 percent growth in application volume since January of this year," Jurecki said. "We believe our growth in enrolling lending institutions, as well as our continually increasing application volume, demonstrates that our system is rapidly becoming the system of choice for a growing population of both dealers and lenders. We intend to continue this success and maintain our rapid growth in financing options for our dealer customers."

About RouteOne

RouteOne was formed in 2002 by DaimlerChrysler Financial Services, Ford Motor Credit Company, GMAC, and Toyota Financial Services to create a more streamlined credit application for automobile dealers and their customers. Providing access to more than 21,500 dealers in North America, RouteOne's web- based system allows automotive dealers to submit credit applications to the largest indirect lenders, request credit reports, and increase profitability with RouteOne's free Dealer Reporting Suite. RouteOne offers dealers a common platform for all their credit application financing needs. More information is available at http://www.routeone.com/ .