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DealerTrack Aimbridge partner to expand auto lending
LAKE SUCCESS, N.Y. (7/10/08)--Credit unions will be linked with auto dealers through a new interface provided by Aimbridge Lending Solutions and DealerTrack Holdings. DealerTrack and Aimbridge partnered to combine DealerTrack’s 22,000 automotive dealers with Aimbridge’s proprietary credit filtering process. Dealerships can use DealerTrack to make an automated request to Aimbridge’s lending system to determine whether the applicant is pre-approved at any credit union, is already a credit union member, or fits any other of the filters the Aimbridge system supports. Dealers then select a credit union and submit the loan application to Aimbridge for processing. Aimbridge’s affiliated finance sources are also available with DealerTrack’s. “With this change, the total number of finance sources on DealerTrack as of June 30 is 659,” said David Trinder, DealerTrack senior vice president of network solutions. “Under the old method it would have been 533.” Aimbridge partners with credit unions and auto dealers to market auto loans and insurance products. DealerTrack is a provider of on-demand software and data solutions for the U.S. automotive retail industry.


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