DES MOINES, Iowa — Wells Fargo Preferred Capital recently expanded an established relationship by boosting a credit facility to TC Automotive Partners Funding. The amount of the facility totaled $35 million.

TC Automotive Partners Funding is an affiliate of Tuttle-Click Automotive Group, a company headquartered in Tucson, Ariz. The organization provides auto financing solutions to consumers in Arizona and California.

"This facility expands the Wells Fargo relationship with the Tuttle-Click Automotive Group and enables its dealerships to help consumers purchase cars that will meet their personal needs," explained Tom Murphy, president of Wells Fargo Preferred Capital.

"Our commitment to keeping auto finance credit flowing is demonstrated by the record-breaking number of new credit facilities we have funded recently to industry leaders such as TC Automotive Partners Funding," Murphy continued.

"Tuttle-Click is well known for its strong reputation and dedication to its customers and communities," he added.

Christopher Cotter, president of Tuttle-Click Automotive Group, also expressed his satisfaction with the boosted credit facility from Wells Fargo.

"We are pleased that our relationship with Wells Fargo Preferred Capital continues to expand so that we have a strong source of credit financing that we, in turn, can use to benefit our customers as they make vehicle purchases," Cotter pointed out.

"We are excited to see the growth in the auto sales market as customers come into our showrooms knowing we can offer them financing in support of some of the strongest automotive brands today," he concluded.