AFC Releases Inventory Dashboard Enhancement to AFCDealer™ Website
August 15 2017 - 3:15PM
Automotive Finance Corporation (“AFC”), a business unit of KAR
Auction Services, Inc. (NYSE:KAR) has announced the release of its
new Inventory Dashboard for AFC floorplan financing customers. AFC
and its floorplan affiliates provide inventory finance solutions to
more than 11,000 independent automobile dealers throughout the U.S.
and Canada. The Inventory Dashboard, available on the AFCDealer™
website and AFC On the Go mobile app, provides dealers with instant
access to current and historical account information with detailed
insights into vehicles floored with AFC.
“AFC has been an advisor to the independent automobile dealer
for more than 30 years, and we are committed to delivering
affordable, comprehensive floorplan solutions,” said Jim Money,
president of AFC. “For us, this means doing a lot more than just
financing cars. It’s about delivering reliable and dedicated local
customer service and developing innovative, data-driven tools that
help our dealer customers succeed.”
The enhanced Inventory Dashboard offers new functionality to
provide dealers with greater transparency, insights, and account
information. Through the new total account balance chart, dealers
can view their AFC investment portfolio, including account balance,
credit limit, principal, interest, and fees. Dealers can also view
deep, vehicle-specific investment information for each vehicle
floored with AFC. Through the Inventory Dashboard tool’s innovative
turn time table, dealers can view their 18-month vehicle purchase
history to identify which vehicles moved most quickly from their
dealership. And with 27 new filter options available in the
Inventory Dashboard’s reports function, dealers can sort and
customize which data is most important and relevant to their
needs.
“We’re excited to launch these new capabilities on the
AFCDealer™ website and our mobile app because dealer feedback was
the primary driver of their design and implementation,” said Money.
“We know these tools will help streamline the financing process and
help our customers be as efficient and effective as possible.”
Over the past several years, AFC has released consistent updates
to the AFCDealer™ website to help streamline important business
processes like title delivery, payments, and financial reporting.
The company also provides training, tools, and resources to help
dealers learn and utilize these advances, including a detailed
walk-through of the functionality upon logging in to the AFCDealer™
website.
For information about AFC’s inventory finance solutions, visit
www.AFCdealer.com.
About KAR Auction ServicesKAR Auction Services
(NYSE:KAR) provides sellers and buyers across the global wholesale
used-vehicle industry with innovative, technology-driven
remarketing solutions. KAR’s unique end-to-end platform supports
whole car, salvage, financing, logistics and other ancillary and
related services, including the sale of 5.1 million units valued at
over $40 billion through our auctions. Our integrated physical,
online and mobile marketplaces reduce risk, improve transparency
and streamline transactions for customers in 110 countries.
Headquartered in Carmel, Indiana, KAR has approximately 17,400
employees across the United States, Canada, Mexico and the United
Kingdom. www.karauctionservices.com.
KAR Contacts
Media Inquiries:
Tobin Richer
(317) 249-4521
tobin.richer@karauctionservices.com
Analyst Inquiries:
Mike Eliason
(317) 249-4559
mike.eliason@karauctionservices.com
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