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Groovecar connects to dealertrack for its nat’l expansion
Dealertrack Credit Application Network to be an Integral Part of GrooveCar’s Future Nationwide Service Expansion Plans
HAUPPAUGE, NY (May 8, 2014) — GrooveCar, Inc. (www.groovecarinc.com), a leading national auto buying resource for the credit union industry, today announced that GrooveCar’s AppTrac System will now connect to the Dealertrack Credit Application Network. According to GrooveCar, the Dealertrack Network will also be an integral part of GrooveCar’s future nationwide expansion plans.
Through the expanded process, credit unions using GrooveCar will receive credit applications in their AppTrac System and will be able to send loan decisions back to dealers through the Dealertrack Network, helping to streamline the credit application and loan workflow for credit unions and their dealers who use Dealertrack.
Initially, the Dealertrack Credit Application Network will be available for activation by New York- and California-based credit unions, and access to the Dealertrack Credit Application Network can be purchased as part of the national roll-out of GrooveCar’s service offerings later this year.
GrooveCar’s CEO, David Jacobson explained that his “credit union-centric” company was established to strengthen the relationship between automotive dealers and credit union lenders through the use of technology. “We always came back to the fact that we have long been an innovator in the credit union loan origination arena. Our teaming with Dealertrack, the national leader in automotive financing technology and services, was a natural partner that will benefit all parties.”
About GrooveCar
Founded in 1999, the privately held GrooveCar provides a comprehensive array of automobile and automotive services and products – shopping, buying, leasing, financing, ownership – for credit unions and credit union members, as well as access to motorcycles, recreational vehicles and boats. Additional information may be found at www.groovecarinc.com.