"As special finance lending sources have dried up in recent years, many franchised dealers have lost market share of this growing segment of the population," said Mike Esposito, President and CEO of Auto/Mate.
Clifton Park, NY (PRWEB) November 14, 2011
Auto/Mate Dealership Systems (http://www.automate.com) announced today it has entered into a joint marketing agreement with Constellation Automotive Software, developers of the Management System Plus Buy Here - Pay Here software for auto dealerships (MSP). The agreement allows both companies to promote each other’s dealership management solutions to their respective customers. For auto dealers using Auto/Mate’s dealership management system (DMS), the addition of Constellation’s MSP Software allows them opportunities to finance their own customers.
“As special finance lending sources have dried up in recent years, many franchised dealerships have lost market share of this growing segment of the population,” said Mike Esposito, President and CEO of Auto/Mate. “Constellation Auto’s BHPH solution makes it possible for them to transition into this market.”
“Once a dealership has lost the ability to service their customers by not being able to arrange financing for them, it is difficult, if not impossible to ever recover their business,” said Al Mosher, Business Development Manager of Constellation Automotive Software. “BHPH software allows dealers to service these customers so as their credit improves, they will remain loyal customers who will purchase more vehicles in the future.”
An additional advantage of BHPH software is that it allows dealers to retail cars they take in trade that they would normally wholesale. This adds significantly to the bottom line of used cars departments as they can make more deals and expand their customer reach.
The MSP Buy Here - Pay Here solution allows dealers to set up loans in-house, eliminating the need to outsource loans to third-party vendors. The ability to successfully manage these loans requires a great amount of flexibility in setting up the initial finance contract; including down payments and timing of payments based on when customers receive their paychecks (i.e. weekly, bi-weekly, etc.). The MSP Buy Here - Pay Here solution greatly improves collection performance while reducing associated paperwork and administrative functions.
Auto/Mate’s F&I Desking and Billing Module offers dealerships a user-friendly “Deals Screen” featuring drop-down menus for program selection. There is no limit to the number of contracts and forms that can be entered and no limit to the number of deals that can be stored on the “open deal” file, so that a salesperson can sit with a customer and enter in as many variables as needed to reach a deal that satisfies the customer.
The joint marketing agreement is effective immediately. For additional information, please contact your sales representative from Auto/Mate or Constellation Automotive Software.
Auto/Mate Dealership Systems is a leading provider of dealership management system (DMS) software to retail automotive dealerships. Its Automotive Management Productivity Suite (AMPS) is auser-friendly, feature-rich dealership management software in use by more than 700 auto dealers nationwide. Originally developed by Wang Laboratories in the 1970s, Auto/Mate’s DMS solution has years of experience and reliability built in. Auto/Mate offers the best customer service in the industry, with live people answering the phone and minimal hold times for technical support. The company received top satisfaction rankings in NADA’s most recent dealership management system survey. Auto/Mate’s employees have more than 300 years of combined experience working in auto dealerships – the foundation of its “designed by car people, for car people” slogan. For more information, visit http://www.automate.com and follow us on http://www.twitter.com/AutoMateDMS.
About Constellation Automotive Software
Constellation Auto is a leading provider of software to independent automotive dealerships. Their products are flexible enough to meet the needs of any single or multi-lot dealership. Constellation Automotive Software is a part of the Constellation Dealership Software Group which provides a suite of market leading software products designed specifically for dealerships. Over 1,500 dealerships across North America rely on one their products to make their dealership more successful. They are a wholly-owned subsidiary of Constellation Software Inc., the premier international provider of vertical market software, with offices and customers in over 30 countries, generating consolidated revenues in excess of US $600 million. Publicly traded and comprised of over 14,000 customers, CSI has a mission to acquire, manage and build an exceptional and diverse portfolio of companies, selling software products to help customers achieve their goals and objectives. For more information, visit http://www.constellationauto.com
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