Cox Automotive Canada and BMW Group Financial Services Canada announced a new strategic alliance that will see the automotive brand join the Dealertrack portal as a new client.
BMW Group Canada Retailers can now take advantage of Dealertrack to provide a streamlined buying experience for both the customer and the dealer facilitating the transaction.
“BMW Group Canada can rest assured that they are partnering with an organization that is committed to our industry and to supporting the growth of their business,” said Cox Automotive Canada president, Maria Soklis. “Cox Automotive, a subsidiary of 120-year-old Cox Enterprises, Inc., has through its brands, been serving the automotive industry since 1926. We continue to thrive because of the breadth of our product, depth of our experience, and because we measure our success through the success of our clients. Our technology is set to reinvent the way dealers operate in ways we’ve not seen before, that will help to keep them relevant and sustainable into the future, in particular as we move through a period of transformation.”
With access to the Dealertrack Lender Portal and the Digital Contracting capabilities, BMW Group Canada Retailers will have a streamlined end-to-end funding process. As data is pulled from a single source, all documents will be available prior to funding. Dealertrack delivers OEM aftermarket products, residualized accessories handling, rebates and incentives support, and comprehensive reports – such as credit validation before credit and contracting validation before funding.
The partnership will also benefit BMW Group Canada Retailers with the availability of the following capabilities:
- An integrated partner network
- A mobile application for retailers and Lender Field Sales staff to track applications
- Existing Dealer Management System integrations
- VIN level vehicle validation to ensure consistency and accuracy
- The ability for the system to automatically track required documents; and
- Ensure Dealers are always in sync with the application, delivering 100% full transparency in the validation process
“Our greatest ambition is to make it easier for our Retailers to work with us,” said Carola Erlewein, president and CEO, BMW Group Financial Services Canada. “Harnessing Dealertrack helps us in that endeavor. With a more streamlined structure that houses our policies and guidelines under one roof, Dealertrack promises a smoother, more straightforward process. This in turn ensures greater security and compliance at every step of the way, making both the retailer and customer’s experience more positive.”