Auto Dealers Can Move Excess Used and Wholesale Inventory with “Profit Over Time” Program
FOR IMMEDIATE RELEASE: April 29, 2009
CONTACT: Joel Kennedy
415.722.5259
joel@pelicanresourcegroup.com
PELICAN RESOURCE GROUP, LLC (PelicanResourceGroup.com)
HELPS FRANCHISE AND INDEPENDENT AUTO DEALERS BOOST PROFITS
Auto Dealers Can Move Excess Used and Wholesale Inventory with “Profit Over Time” Program
CHERRY HILL, New Jersey (April 27, 2009) – Pelican Resource Group, LLC (www.pelicanresourcegroup.com), have launched a new, no-cost to join, comprehensive program, Profit Over Time, that helps franchised and independent automobile dealerships to increase sales, generate greater cash returns over time, and improve profitability.
Declining new car sales, tightening credit standards, and lower consumer confidence have industry experts predicting that more and more consumers will turn towards used vehicles. The Profit Over Time program helps dealers to meet the needs and monetize a growing sub-prime customer base by helping to sell more used inventory, make greater returns on wholesale-bound inventory, capture up-front cash, and secure profit streams of duration – easily.
“We eliminate the need to think about the process of servicing and collections,” says Troy Cavallaro, founder and President of Pelican Resource Group. “Profit Over Time empowers dealers, at their own pace, to provide a car and a loan for every customer – so they can focus on what they do best – sell cars and focus on delivering a fantastic customer experience.”
Developed and tested in collaboration with franchised and independent dealers, the Pelican Resource Group Profit Over Time program allows franchised and independent dealers to:
1. Generate cash through better management of used inventories.
2. Easily expand current operations to reach more customers.
3. Meet the demands of sub-prime customers for affordable and reliable transportation.
4. Create lifetime customer relationships.
Dealers can sign up free for the Profit Over Time program. There is no waiting for loan pools to fill before cashing in. For each deal, dealers keep customer down-payments and all principal payments collected. Loan documents are submitted to Pelican Resources Group with a fee to cover the mobile installation of a collateral protection device.
Pelican Resource Group manages all aspects of customer servicing, collections, and full-scale collateral management, recovery and disposition. Servicing costs for the program are covered by retained interest.
For more information or to sign up for the program, visit www.pelicanresourcegroup.com or call 1-866-989-9688.
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About Pelican Resource Group, LLC
Based in Cherry Hill, New Jersey, Pelican Resource Group (www.pelicanresourcegroup.com) is an innovative lending and servicing partner. Currently operating in the Mid-Atlantic region, Pelican Resource group offers the Profit Over Time program, a full-service operations solution, that allows independent and franchised dealerships to increase sales to the underserved market.
