Tuesday, Jul. 04, 2006, 08:00 PM UPDATED 11:59 AMBy Nick Zulovich
FARMINGTON HILLS, Mich. (July 5, 2006) -- RouteOne recently announced it has signed its 100th lender, signaling a 40-percent increase in the number of finance sources available since January.
"The quality of our 100 lending partners is especially noteworthy," said Mike Jurecki, RouteOne chief executive officer. "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," he continued. "We have experienced more than 50-percent growth in application volume since January of this year. 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."