Regional Acceptance Corp. Joins Loan Platform
FARMINGTON HILLS, Mich. — RouteOne LLC has completed integration with North Carolina-based Regional Acceptance Corporation, allowing dealers to process credit applications electronically to Regional Acceptance through RouteOne.
Regional Acceptance is a wholly owned subprime auto lending subsidiary of BB&T Corp., a financial holding company with assets in excess of $110 billion, headquartered in Winston-Salem. Regional manages business operations in six regions, with approximately 25 branch offices in 23 states.
“Regional Acceptance Corp. is a very significant participant in the auto finance industry, and one that is continually requested by our dealer customers,” said Mike Jurecki, RouteOne CEO. "Their national coverage allows us to make the financing process even easier for our dealer users. Further, the reduction of their loan process fees for deals originated on RouteOne demonstrates their commitment to supporting our shared customers’ business.”
“Our integration with RouteOne greatly expands our ability to service our dealers,” said Fred Reherman, senior vice president of Regional Acceptance Corporation. “We pride ourselves on personalized dealer service and satisfaction, and our integration with RouteOne, where dealers will now enjoy a fee consistent with all other channels, will certainly enhance our servicing capacity. We look forward to utilizing RouteOne to assist in strengthening our dealer relationships.”
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →