Monday, Jan. 07, 2008, 07:00 PM UPDATED 11:59 AMBy Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced today that it is entering the new year with 250 finance sources signed to its Web-based credit application management system, up nearly 75 percent from early 2007.
"The tremendous growth in the number of finance sources available within such a short period of time shows that finance sources recognize the value RouteOne provides them and their dealer customers," explained Mike Jurecki, RouteOne's chief executive officer.
"Our agreements with these valued lenders provide our dealers more purchasing power than any other competing platform," he added.
Dealers affiliated with RouteOne owners Chrysler Financial, Ford Motor Credit Co., GMAC and Toyota Financial Services use RouteOne exclusively to process their captive credit applications, officials explained.
Dealers also utilize RouteOne to send applications to non-captive finance sources at a rapidly increasing pace. Non-captive application volume on RouteOne has risen a significant 180 percent within the past 12 months.
"We see the leap in volume as a strong indicator that our dealers are recognizing all the advantages that use of RouteOne offers," said Jurecki. "This is an important validation of our system, processes and position in the industry."
In addition to providing access to both captive and non-captive finance sources through a single portal, RouteOne offers a wide variety of tools to assist dealers in managing their day-to-day business, such as a detailed reporting suite, DSP integration and credit bureau access, all within a single desktop application.
RouteOne's open integration business model allows dealers to integrate with their choice of a wide variety of best-in-class partners, including dealer management systems, CRM systems, F& I modules and menu providers, executives pointed out.
More information can be found at