Situation
Finance companies, independent dealers discussed state of relations at National Automotive Finance Association conference
Credit companies still favor franchise dealers over independents
Independents seeking credit advised to tighten applicant screening
Focus more on financing vehicles than selling vehicles
Make sure they send right applicants to right finance companies
Significant Points
Drop in bankruptcies has reduced finance company losses
Companies reaching out to independent dealers in quest for business
But still worry about stability of independents
Say it's too easy for independents to just close up shop
Independents need to improve/streamline application process
Finance companies avoid dealers who waste their time
Click Here for Full Digest and Source Article:
http://www.automotivedigest.com/view_art.asp?articlesID=21464
Sourced From: Used Car News, February 5, 2007
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