ATLANTA -

Manheim Financial Services announced today 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.”