Brief Company History
Auto Credit Express® was founded June 1, 1999 by Rich LaLonde. Rich is a CPA who was first a dealership
comptroller and later a dealership president. In 1992, after realizing the immense profit in special finance, Rich
formed Profit Source, Inc.; a corporation dedicated to training the dealership community on how to conduct special
finance. Rich has traveled the country training dealerships in the art of special finance.
In 1996 Rich formed Special Finance Systems, the nation's largest special finance consulting company. With the
fast turn over in special finance managers at his dealer clients, Rich received many requests to find qualified
applicants to fill vacated positions. At his clients' request, Rich placed his employees at dealer locations permanently.
This concept was not only successful, but beneficial to his clients. They no longer had to worry about the person running
their special finance department. The net profit after Rich's fee was often higher than the gross profit with the dealers'
own employees. In early 1999 Rich launched Auto Credit Express, Inc. as a stand alone special finance operation within
existing franchised dealers. Auto Credit Express not only supplied the dealership with an ACE employee, but also brought
its own customers to the dealers' locations.
Realizing the growth of the Internet, Auto Credit Express launched its online customer acquisition services in
December of 2001, with its initial focus on providing customers for its dealer clients in Michigan and Ohio. The service
has grown immensely and has been expanded to service dealers nationwide.
In February 2004 Auto Credit Express acquired Alternative Resources and Training, creators of the LotPro™ software
used in each of the remote special finance departments. Concurrent with the acquisition the ACE Tech was formed.
Our Operating Segments
Auto Credit Express Loan Matching Service
Officially launched in March 2003. Auto Credit Express match nearly 70,000 consumers each month with automobile dealers in the USA and Canada. Each of the 700 dealers within our network have the lending resources and inventory to help nearly any credit situation.
Managed onsite staffed sales events specifically for automobile dealers that have the desire to liquidate 33 percent of their inventory in 7 days.
Auto Dealer Software for Special Finance. Designed by experienced retail automotive professionals,
LotPro provides the practical functions you need to manage and control your special finance department.