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Pelican Group to Offer Used-Vehicle Inventory Solution

April 29, 2009

CHERRY HILL, New Jersey – Subprime lending services provider Pelican Resource Group LLC has announced the launch of Profit Over Time, a new program designed to help franchise and independent dealers manage their used-vehicle inventories.

Declining new-car sales, tightening credit standards and lower consumer confidence have industry experts predicting that more and more consumers will turn towards used vehicles. Profit Over Time was designed to allow dealers to serve a growing subprime customer base by selling more used units, realize greater returns on wholesale-bound inventory, capture up-front cash and secure lasting profit streams.

"We eliminate the need to think about the process of servicing and collections," said Troy Cavallaro, founder and president of Pelican Resource Group. "Profit Over Time empowers dealers, at their own pace, to provide a car and a loan for every customer – so they can focus on what they do best – sell cars and focus on

delivering a fantastic customer experience."

Dealers can sign up free for the Profit Over Time program. There is no waiting for loan pools to fill before cashing in. For each deal, dealers keep customer down-payments and all principal payments collected. Loan documents are submitted to Pelican Resources Group with a fee to cover the mobile installation of a collateral protection device, according to the provider.

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