FARMINGTON HILLS, Mich. -- RouteOne LLC has announced that 14,000 dealers are now enrolled with the free, Web-based credit application management system.
The application was introduced to dealers nationwide throughout 2004, and rollout continues into 2005. DaimlerChrysler Services, Ford Motor Credit Co., General Motors Acceptance Corp. and Toyota Financial Services followed a geographic rollout strategy to introduce their dealers to the system, starting in the southeastern United States.
Enrollment numbers are expected to exceed 16,500 by the end of the first quarter of 2005. RouteOne provides access to 28 finance sources, including prime, non-prime and credit unions.
"RouteOne has made tremendous progress over the past months, and we are excited about our future growth," said RouteOne CEO Mike Jurecki. "Dealer adoption has been rapid throughout the country, and more and more finance sources continue to recognize the benefits of participating on our system. At the same time, the end consumer benefits by spending much less time in the F&I office."
RouteOne allows dealers to submit credit applications to and receive decisions from multiple finance sources, all from a single desktop. It provides dealers unprecedented access to their finance sources by combining the unique advantages of the major captive systems with access to other finance sources.