MBFS Announces Use of DealerTrack for Credit Application Processing
FARMINGTON HILLS and LAKE SUCCESS - Mercedes-Benz Financial Services USA LLC and DealerTrack announced that MBFS will become a lender on the DealerTrack credit application network used by 350 Mercedes-Benz dealers in the United States, beginning in March.
This builds upon the relationship established in early 2011 when DealerTrack's Aftermarket network was chosen as the technology platform supporting the sales of Mercedes-Benz Financial Services' exclusive line of vehicle protection products sold by Mercedes-Benz dealers.
The DealerTrack credit application network allows dealers to electronically submit credit application data to the industry's most diverse network of banks, independent finance companies, captives, and credit unions.
The DealerTrack credit application network, which has grown from five lenders in 2001 to more than 1,100 lenders today, continues to expand and remains the automotive retail market's largest finance network.
"DealerTrack is positioned to support Mercedes-Benz Financial Services' leadership role as the primary lender of choice for Mercedes-Benz dealers across the United States," said Dietmar Exler, vice president, Mercedes-Benz Financial Services.
"Mercedes-Benz dealers will now experience a more efficient and integrated F&I workflow that leverages our aftermarket and industry-leading credit application networks, all while connecting with their captive lender," said Robert Granados, vice president and general manager, Sales and F&I Solutions, DealerTrack.
"This partnership shows how the DealerTrack network and solutions can be an integral part of a total end-to-end workflow for dealers nationwide."
In addition to its credit application and aftermarket networks, DealerTrack will be demonstrating its new mobile apps for its credit application network and for vehicle inventory management and merchandising, as well as its DMS offering and popular Compliance solution, in the DealerTrack Booth at the upcoming NADA Convention and Expo, in Las Vegas, February 4th — 6th, 2012.
More Industry
Autos More Appealing
Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.
Read More →
Used EVs Defy Overall Market
While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.
Read More →
Gone to the Dogs
A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →
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 →
Agent Advocate
Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.
Read More →
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →