Important information regarding 2018 contracts
Happy New Year to all of our FCA US LLC dealers!
As we welcome in 2019, we would like to thank you for a very successful 2018. Together, we created $19.5 billion in new acquisitions, which included:
- 270,000 leases (up 63 percent, year over year)
- 190,000 subprime contracts (up 76 percent, year over year)
- A year-end total retail and lease penetration of 30 percent (up from 20 percent in 2017)
- Floorplan acquisitions of $800 million, with an additional $500 million committed
In addition to these accomplishments, we made changes to our Funding Department and decreased funding times by 42 percent, year over year.
The year-end sales push has largely contributed to this success. As you can imagine, it has also lead to an influx of contracts received for funding.
We ask for your patience as we work through the additional volume over the next several days. In order to expedite funding times, please utilize notes available via Dealertrack, RouteOne and the Chrysler Capital Dealer Website and leverage online tools such as uploading missing stipulations via the Chrysler Capital Dealer Website. Your Credit Analyst may also reach out to you to discuss contracts with missing stipulations and/or incomplete documentation.
Thank you, again, for your support throughout 2018. We look forward to working together to drive the success of FCA US LLC dealers throughout 2019.