Subprime Credit Finance
There was a lot of competition in the Subprime Credit Finance category, but some familiar names once again rose to claim the top spots.
Subprime Credit Finance
After winning the Platinum Award last year, Regional Acceptance Corporation reclaimed the Diamond Award in 2012, which it previously held in 2010. Additionally, the company has won a total of seven awards in this category. “Over the years we have strived to build and maintain strong relationships with our dealers. We have offered buying consistency, funding stability and deal structure flexibility,” stated Ron Wooten, senior vice president and chief administrative officer of Regional Acceptance Corporation. “These things have allowed dealers to deliver more deals and deals with higher profitability. We believe the survey results show that our dealers view Regional Acceptance as a reliable and valued business partner.”
After hitting Gold last year, Capital One Auto Finance (another frequent winner) jumped up to take the Platinum Award for 2012, marking the company’s fourth award in this category. Wells Fargo Auto Finance also held onto a spot in the top three with the Gold Award, closely followed by GM Financial/AmeriCredit in fourth place, Chase Custom in fifth and Santander Consumer USA in sixth.
Company | Award | Score |
Regional Acceptance Corporation | Diamond | 109.2 |
Capital One Auto Finance | Platinum | 102.3 |
Wells Fargo Auto Finance | Gold | 101.6 |
GM Financial/AmeriCredit | 101 | |
Chase Customer | 98.5 | |
Santander Consumer USA | 98.4 | |
Group Average | 97.6 |
Vol. 9, Issue 4
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Dealer Debrief: Improving Your Inventory Management
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Ladies and Gentlemen, This Is a Dealership: Why the Fundamentals Still Decide Who Wins
A teaching moment by a legendary football coach happens to apply perfectly in the auto retail space. Learn what it is and how to use it to your store’s advantage.
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