LAKE SUCCESS, N.Y. — Dealertrack announced this week that Volvo Car Financial Services is now available for econtracting with Volvo dealers nationwide on the Dealertrack platform.
According to an announcement, the captive's decision to go national was spurred by the results of a regional pilot. During this pilot, participating dealers expressed satisfaction with improved experienced that often led to same-day contract funding.
“We see econtracting as an important part of the vehicle-buying process today and in the future,” said Peter Wexler, vice president of sales and marketing at Volvo Car Financial Services. “The ability of Volvo Car Financial Services to now offer econtracting via the Dealertrack platform will help Volvo dealers improve their contract process, receive faster funding and enhance the overall customer experience.”
Dealertrack features the ability to generate contracts for execution and allows for electronic verification, signature, submission and storage of contracts, according to the company. Since the introduction of econtracting, Dealertrack has helped finance sources and dealers book more than three million econtracts.
“Through the years, Volvo dealers have leveraged a broad range of Dealertrack solutions and services, including our Dealertrack DMS, eMenu, aftermarket and compliance solutions, as well as our Credit Application Network, as part of their overall sales and F&I workflow,” said Mark Furcolo, senior vice president of Lender Solutions. “The ability to electronically contract through the Dealertrack platform builds upon our long-term partnership with Volvo to further help their dealers transform and streamline the financing process across each of their dealerships.”