BIRMINGHAM, Ala. -

AutoTec announced on Tuesday that Vehicle Acceptance Corp. (VAC) is now integrated with the AuctionACCESS floor plan platform.

This integration will enable VAC to automate the transmission of updated credit availability and flooring request messages at AuctionACCESS subscribing auctions.

VAC insisted that the finance company believes in giving independent and buy-here, pay-here dealers choices. As an example, all dealers are offered four different price plans that are available on a per-unit basis and can be switched during the term. The AuctionACCESS connection will offer VAC dealers many more choices in auction locations from which to acquire inventory.

“This integration will make it easier for Vehicle Acceptance dealers to floor cars throughout the wholesale industry,” said Jonathan Neubauer, president and chief executive officer of Vehicle Acceptance.

“We are excited to work with our auction partners on this automation as it creates a more efficient process for our dealers to get in and out of the lanes,” Neubauer continued.

AuctionACCESS is the centralized credentialing authority for more than 285 wholesale auto auctions throughout the country. The company’s automated floor plan platform can provide a centralized portal for finance companies and auctions to communicate credit availability and loan origination information.

“We are excited about adding VAC as a partner on our floor plan platform,” AutoTec vice president of business development Charlie Adams said.

“AuctionACCESS is now integrated with more than 10 lenders, as we have created a centralized and efficient way for auctions and lenders to communicate up-to-date credit availability and real-time floor plan transactions,” Adams went on to say.