MAFS Hits 10 Million Vehicle Milestone
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ATLANTA — Manheim Financial Services announced earlier this
week that it started off the second quarter with a key milestone: the company
provided floor planning for its 10 millionth vehicle.
The dealer who helped MAFS reach this level last month was
Robbie Ashcar, owner of Select Luxury in Marietta, Ga.
"This is a great milestone for MAFS, and I'm happy to share
in it with them," Ashcar said
MAFS highlighted that Ashcar was one of its first customers.
Ashcar started his business from the ground up, selling lower-end units. After
working with MAFS, his business has grown significantly, and he now focuses on
higher-end vehicle sales.
"MAFS has been an excellent business partner for me," Ashcar
shared. "We have both grown over a long relationship. I wish them nothing but
the best in the future and look forward to continuing our partnership through
their next 10 million cars."
MAFS leadership stressed that it could only reach 10 million
vehicles financed with the support of its independent dealer customers.
MAFS group vice president Patrick Brennan emphasized that
for nearly 20 years, independent dealers have relied on MAFS for their
financing needs, helping the organization hit the 10 million vehicle mark last
month.
Manheim's financing arm provides floor plan inventory
financing to independent used dealers in the U.S. and Canada who on average
have been doing business with them for more than eight years.
"I want to personally thank our customers and our employees
for helping us achieve such a remarkable feat," Brennan began. "We are
committed to finding ways to support independent dealers, as our recent
acquisition of Dealer Services Corp. (of Indiana) demonstrates."
Brennan recapped that Dealer Services Corp. of Indiana
joined with MAFS in March, giving Manheim a full lending spectrum for
independent dealers as well as advanced technology to manage their accounts.
"So far this year, MAFS and DSC have together financed more
than half a million cars for small independent dealers, helping them compete in
the marketplace," Brennan said.
"MAFS' commitment to independent dealers throughout the
years has driven everything that we do, from new products to process
improvements," Brennan added. "We are focused on long-term relationships
through outstanding products and service for our customers."