The Car and Truck Fleet and Leasing Management Magazine

AFC and AuctionACCESS Create Automated Solution to Benefit Auctions & Dealers

September 20, 2011 - Press Release

CARMEL, IN – AuctionACCESS, a service of AutoTec, and Automotive Finance Corporation (AFC) have aligned resources to develop a technology solution that now provides AFC floorplan credit line availability and automated flooring capabilities directly to auctions via their auction management systems.

This advance in systems capability provides participating auctions with access to AFC credit information and significantly increases auction staff efficiency and customer service, with quicker dealer checkouts on sale day.

Pittsburgh Independent Auto Auction, State Line Auto Auction and Carolina Auto Auction are among the first auctions to adopt this new functionality. “AFC and AutoTec have developed a seamless solution that truly is a win-win for our auction and our dealer customers”, commented Dave Angelicchio, Owner and General Manager of Pittsburgh Independent Auto Auction. “The system allows our staff to view a customer’s credit line availability and floor the car using one computer screen. This results in faster checkouts for our dealers and less time spent by my staff reconciling our sales. Our auction has experienced significant growth. Technology solutions such as the one AFC and AutoTec have developed help us better manage our resources to continue that growth while enabling us to provide an even higher level of service to our customers.”

AFC and AutoTec will continue enabling additional auctions with this capability. “This new capability is easily enabled for auctions that subscribe to AuctionACCESS. Dealers making purchases at auctions using this new functionality will find it even easier to do business with both these auctions and with AFC”, remarked Jay Bahel, Vice President of Strategic Initiatives for AFC.

For more information about AFC, please phone toll free 1-888-345-0600 or visit us online at

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