Record Growth Prompts USEA to Expand HQ
US Equity Advantage has expanded its Orlando headquarters by 40% to accommodate a growing workforce.
US Equity Advantage’s Central Florida office space now covers 12,000 square feet.
Photo courtesy US Equity Advantage
ORLANDO, Fla. — Citing record growth in both enrollment and staffing, US Equity Advantage has expanded its Orlando, Fla., corporate headquarters by 40%, the company announced.
Executives said the move, which creates a total office space of 12,000 square feet, comes in response to increasing demand for the company’s AutoPayPlus F&I service. USEA realized an approximate 50% increase in AutoPayPlus enrollments in 2018 and is on pace to do the same in 2019. In addition, the company’s sales support team has tripled in size over the last 12 months, all according to the announcement.
“Our office expansion supports USEA’s growing sales, dealer services, and customer support teams and was imperative for us to continue providing the level of service our dealership partners and customers have come to expect,” said USEA CEO Robert Steenbergh.
More Auto Finance
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Auto Lenders, Consumers on a Tightrope
April borrowing data shows that more consumers are bending over backward to buy vehicles, though subprime lending cooled off for the month.
Read More →
Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
Read More →