GMAC Financial Services was named the 2007 Captive Lender of the Year by the readers of F&I Management and Technology magazine, the second straight year the finance source has earned the accolade.
Sponsored by RouteOne, the award recognizes the outstanding service and excellence lenders provide to dealers across the nation. It was handed out on Wednesday, Sept. 19, at the fourth annual F&I Conference and Expo by Brad Rogers, vice president of sales and marketing for RouteOne.
“GMAC was the very first lender to be on RouteOne,” said Rogers during the awards presentation. “Four years ago next week, we processed the first application for them. So it’s kind of meaningful to us to hand out this award.”
Votes were cast via the magazine’s Website from July to August 2007. GMAC earned 7 percent more votes than the next closest company.
“GMAC is very pleased to be recognized for this award. It is particularly meaningful to us because it is generated out of feedback from our dealer customers, which are our most important customers,” said David Jones, vice president of consumer credit, and operations support and plans for GMAC. “We have committed over the course of our history, and particularly in most recent times with the challenges that dealers face on a profitability point of view, to making sure everything we do for our dealer customers has a focus on creating a profit opportunity. And we feel we’ve been successful. This award, to us, makes a statement that maybe we have done something right.”