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.
