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GMAC touts two new initiatives
GMAC is focusing on two new initiatives daily dealer auctions of off-lease vehicles and instant clearances of loan and lease applications on an upgraded web site. A record number of vehicles are pouring in off-lease this year for all providers, and GMAC is counting on its auction web site to facilitate their disposal back to GM dealer used-car lots. GMAC's nonprime Nuvell division is participating
June 1, 2001
1 Min Read
GMAC is focusing on two new initiatives — daily dealer auctions of off-lease vehicles and instant clearances of loan and lease applications on an upgraded web site.
A record number of vehicles are pouring in off-lease this year for all providers, and GMAC is counting on its auction web site to facilitate their disposal back to GM dealer used-car lots.
GMAC's nonprime Nuvell division is participating in the speedy loan application system online. Nuvell Executive Vice President Marty Mattone says a special subvented rate as low as 9.9% was in effect in all 50 states on GM brands and non-GM brands sold by GM dealers.
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