lanelogic and DSC to Offer Instant Credit Line to Dealers.
lanelogic is the first company of its kind, offering instant bids for used vehicles while also helping the dealer acquire vehicles he needs the most. The company recently announced the formal completion of its pilot program and the aggressive national roll out into 21 additional states by April of this year. lanelogic introduced its concept at the 2006 NADA convention in Orlando and started active trading two months later in April of 2006. Today, hundreds of vehicles are moved daily from dealer to dealer through lanelogic's proprietary trading floor.
"The instant credit line will give our dealers increased buying power and ultimate convenience without the traditional application process. Transaction processing and payment can be integrated into a single step. The DSC credit line also allows us greater flexibility in sourcing the dealer's best performing vehicles," said Bruce Thompson, lanelogic's CEO and founder.
The companies will launch the instant credit line to dealers this year at the 2007 NADA convention in Las Vegas.
"DSC is very excited to extend financing to lanelogic's dealer base. Financing vehicles that sell in a 22 day average fits very well with our business model. Because lanelogic only acquires the top performing vehicles for its dealer base, the opportunity to help finance these vehicles is compelling," said John Fuller, founder, President and CEO of DSC.
NADA convention attendees have the opportunity to visit lanelogic's exhibit, booth # 3599C. lanelogic CEO/Founder, Bruce Thompson, renowned inventory optimization entrepreneur, will present hourly workshops during the NADA Conference. Workshop attendees are eligible for a door prize given at the end of each presentation.
Dealer Services Corporation has established 58 full service locations providing national coverage. Led by industry pioneer John Fuller and complemented by an experienced staff, DSC provides flexible and cost effective inventory financing solutions to dealership operations in the areas of: Salvage, Automotive, Rental, Powersports, Recreational and Marine. DSC also provides dealer operators with competitively priced business insurances and aftermarket products. DSC is prepared to handle all aspects of "floor planning" from the most traditional to today's on-line environment. Recognized as an innovator of dealership programs, DSC is proud to have over 8,000 contracted dealers. For more information and to "Discover the Difference," visit us at www.discoverdsc.com.
ABOUT LANELOGIC INC
lanelogic, Inc. electronically trades used vehicles from dealerships where they're not needed to dealerships where they are. It is led by CEO Bruce Thompson, former CEO and founder of used car inventory management system pioneer American Auto Exchange, Inc. The company operates through strategic alliances with American Auto Exchange, Inc., Auction Broadcasting Company (ABC Auctions), SGS Automotive Inspections, Dealer Services Corporation, Cross Country Transportation and The Great American Insurance Group, AM Best Rated "A" Excellent, as of January 4, 2007.
For more information, please visit: http://www.lanelogic.com/.
Learn more about lanelogic by watching a video presentation: http://www.lanelogic.com/demo.
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|Date:||Feb 4, 2007|
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