RouteOne Enters 2008 With 250 Finance Sources
75 percent increase within last twelve months
FARMINGTON HILLS, Mich., Jan. 8 -- RouteOne LLC announced today that it enters the new year with 250 finance sources signed to its web- based credit application management system, up nearly 75 percent from early 2007.
"The tremendous growth in the number of finance sources available within such a short period of time shows that finance sources recognize the value RouteOne provides them and their dealer customers," said Mike Jurecki, RouteOne CEO. "Our agreements with these valued lenders provide our dealers more purchasing power than any other competing platform."
Dealers affiliated with RouteOne owners Chrysler Financial, Ford Motor Credit Company, GMAC, and Toyota Financial Services use RouteOne exclusively to process their captive credit applications. Dealers also utilize RouteOne to send applications to non-captive finance sources at a rapidly increasing pace. Non-captive application volume on RouteOne has risen a dramatic 180 percent within the past twelve months.
"We see the leap in volume as a strong indicator that our dealers are recognizing all the advantages that use of RouteOne offers," said Jurecki. "This is an important validation of our system, processes, and position in the industry."
In addition to providing access to both captive and non-captive finance sources through a single portal, RouteOne offers a wide variety of tools to assist the dealer in managing their day-to-day business, such as a detailed reporting suite, DSP integration, and credit bureau access, all within a single desktop application. RouteOne's open integration business model allows the dealer to integrate with their choice of a wide variety of best-in-class partners, including Dealer Management Systems, CRM systems, F& I modules, and menu providers. More information can be found at www.routeone.com.
ABOUT ROUTEONE
RouteOne was formed in 2002 by Chrysler Financial, 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's open integration business model also allows the dealer to integrate with their choice of a wide variety best in class partners, including DSPs, CRM systems, F& I modules and menu providers. RouteOne offers dealers a common platform for all their credit application financing needs. More information is available at www.routeone.com.