ANNAPOLIS JUNCTION, Md. - Sonic Automotive Inc., the second largest automotive retailer in the U.S., is piloting CreditConnectionT to automate its traditional dealership and Internet financing processes. CreditConnection electronically connects dealerships to credit bureaus and funding sources throughout the U.S. through the Credit Online network. Credit Online Inc. is a wholly owned subsidiary of Credit Management Solutions Inc., a provider of credit automation software and services, including Internet-based online lending and leasing technology. CreditConnection was piloted in the Columbus, Ohio area. At press time, there were 23 `electronic' lenders able to receive electronic loan and lease applications through the Credit Online network.
Sonic Automotive adopts online financing service
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