Sonic Automotive Subscribes to RouteOne Compliance Products for Use in Sonic Dealerships
10 November 2009 - 3:00PM
PR Newswire (US)
FARMINGTON HILLS, Mich., Nov. 10 /PRNewswire/ -- RouteOne announced
today that Sonic Automotive, Inc. (NYSE:SAH), one of the largest
automotive retailers in the United States, will subscribe all of
its dealerships nationwide to RouteOne's identity verification and
electronic document storage products. Sonic Automotive, Inc., a
Fortune 300 company and member of the Russell 2000 Index, is among
the largest automotive retailers in the United States. Sonic
Automotive's dealerships provide comprehensive services, including
sales of both new and used cars and light trucks, sales of
replacement parts, performance of vehicle maintenance, warranty,
paint and collision repair services, and arrangement of extended
warranty contracts, financing and insurance for the company's
customers. Sonic will purchase for each of its dealerships a
subscription to both IDOne, RouteOne's identity verification and
authentication tool powered by TransUnion, and RouteOne
SecureDocOne, RouteOne's electronic document storage tool powered
by WorldView. Both tools will assist dealers with meeting FTC
compliance requirements, and will allow for coverage of all Sonic
dealers' captive (Chrysler Financial, Ford Credit, GMAC, and Toyota
Financial Services) and non-captive business. These subscription
tools will complement the free RouteOne compliance services already
enjoyed by Sonic, such as Activity Alert, an email notification
tool that informs dealers of potentially suspicious dealership
activity, and Adverse Action management, allowing dealers to
automatically generate and print Adverse Action notices to consumer
applicants who have been denied credit when applying for vehicle
financing or leasing. "Sonic looks forward to employing these
compliance tools across our dealerships to help maximize
efficiencies and automate the manual activities embedded within our
dealership compliance processes. Processing all our credit
applications through a single platform that encompasses the tools
necessary to conduct our business will allow us to spend more time
focusing on vehicle sales and less time on administrative tasks,"
said Todd Weeks, National Director of Retail Lending, Sonic
Automotive. "We are extremely pleased to be selected by Sonic
Automotive to provide its dealers the tools they need to address
the compliance issues that affect them and their customers," said
Mike Jurecki, RouteOne CEO. "And because all Sonic dealers utilize
the RouteOne platform for virtually all of their credit
applications, they can be sure that our compliance tools will cover
the full scope of their business, ensuring that all applications
are scanned, monitored and stored appropriately." ABOUT ROUTEONE
RouteOne was formed in 2002 by Chrysler Financial, Ford Motor
Credit Company, GMAC, and Toyota Financial Services to create a
more streamlined credit application for automobile dealers and
their customers. Providing access to more than 21,500 dealers in
North America, RouteOne's web-based system allows automotive
dealers to submit credit applications to the largest indirect
lenders, request credit reports, and increase profitability with
RouteOne's free Dealer Reporting Suite. RouteOne's open integration
business model also allows the dealer to integrate with their
choice of a wide variety of best in class providers, including
DSPs, CRM systems, F&I modules and menu providers. RouteOne
offers dealers a common platform for all their credit application
financing needs. More information is available at
http://www.routeone.com/. ABOUT SONIC AUTOMOTIVE, INC. Sonic
Automotive, Inc., a Fortune 300 company based in Charlotte, N.C.,
is the nation's third-largest automotive retailer, operating 153
franchises. Sonic can be reached on the web at
http://www.sonicautomotive.com/. CONTACT: Suzi Straffon RouteOne
LLC 248.862.7074 DATASOURCE: RouteOne LLC CONTACT: Suzi Straffon of
RouteOne LLC, +1-248-862-7074 Web Site: http://www.routeone.com/
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