auto dealer in black and red logo
MenuMENU
SearchSEARCH

Wells Fargo Dealer Services Opens Houston Business Center

Wells Fargo Dealer Services has opened its second regional business center in Houston — its fifth in Texas. The new center will serve approximately 100 dealerships in the region.

by Staff
October 7, 2015
1 min to read


HOUSTON — Wells Fargo Dealer Services has announced the opening of its 57th regional business center in South Houston, which will serve approximately 100 existing auto dealerships in the region. The business center is the company’s fifth in Texas and second in Houston.

“Our new regional business center reflects Wells Fargo’s continued commitment to providing localized service to the dealership community through a team of in-market auto finance experts who understand the market because we live and work in the communities we serve,” said Mark Beedlow, greater Texas market manager for Wells Fargo Dealer Services. “Through this new business center and four others in the state, we will continue to offer solutions that meet the dealers’ needs, so they can provide vehicle financing for their customers across the credit spectrum.”

Steven Kannenberg, regional business center manager, was appointed to lead the new center that will initially house 11 Wells Fargo Dealer Services team members. Kannenberg has more than 15 years of experience in the auto industry.

Wells Fargo Dealer Services operates 57 regional business centers nationwide staffed with teams of in-market auto finance experts who provide financial solutions for the dealer community, including indirect auto financing, real estate and floor plan financing with access to commercial banking services designed to help dealers operate more efficiently.

More Auto Finance

Industryby StaffAugust 15, 2024

The Risk When the Customer Is Not in the Dealership

Take this series of steps to help protect your business from fraud by this method.

Read More →
F&Iby StaffAugust 13, 2024

Auto Loan Access Keeps Falling

July conditions tighter for consumers despite average loan rate decline.

Read More →
F&Iby StaffAugust 12, 2024

Dealers Wary of AI in Auto Finance

Poll shows growing aversion to technology’s accelerating part in process.

Read More →
Ad Loading...
Auto FinanceJuly 25, 2024

Is the Death Knell Being Sounded for Dealer Financing?

There appears to be a regulatory target on auto dealer-provided loans.

Read More →
Industryby StaffJuly 24, 2024

Ferrari Calls Cryptocurrency Foray a Success

Carmaker will add the payment options in its European dealerships this month after introducing it in the U.S. last year.

Read More →
Industryby StaffJuly 16, 2024

New-Vehicle Affordability Is Up

June conditions, including best average loan rate in a year, make buying more likely.

Read More →
Ad Loading...
Industryby StaffJuly 12, 2024

Pandemic-Era Prices Affect Trade-Ins

New buyers, especially those with EV trade-ins, are feeling the brunt of depreciation as market normalizes.

Read More →
Industryby StaffJuly 1, 2024

Auto Credit Crunch Tightens

Borrowers taking on more debt, moving many into delinquent territory.

Read More →
Auto Financeby StaffJune 19, 2024

New Cars Within Easier Reach

Affordability metrics improved in May as lending costs ebbed, finances flowed more freely.

Read More →
Ad Loading...
Auto Financeby Hannah MitchellJune 13, 2024

A Good Deal

Rising auto loan delinquencies, though bad news, could be another opportunity for agents to help dealers come down from pandemic highs.

Read More →