OODLE Car Finance saw a huge increase in the volume of used car finance applications in the second half of 2017, the company has reported.
In fact, numbers were up by a whopping 87 per cent via its growing network of dealer partners – and the company has received more than £1.2 billion in applications since its launch in April 2016.
The number of people working for Oodle continues to grow too, reflecting its continued success.
The headcount at its head office in Oxford has grown by 130 per cent over the last 12 months, from 35 in February 2017 to 81 in March 2018.
Jonny Clayton, CEO of Oodle Car Finance, said: ‘We are delighted with our success and the highly positive reception we have received from dealers across the UK.
‘We believe in working with a select number of the best dealers, so that we can really invest in our relationships, understand a dealer’s business and become a crucial partner that delivers great products and service along with supporting increased customer traffic, leads and sales.
‘We are focused on using technology to improve the used car finance market for both customers and dealers.
‘By building and continually developing our own technology platform, we are able to really deliver on our ambitions. We are now working tirelessly towards our goal of a fully automated loan application process and supporting our dealers with tools to provide the slickest customer experiences.
‘Great customer outcomes are at the heart of everything we do, and leading-edge technology drives our efficiencies and allows automation of our processes.’
Graham Westwood, business manager at Trade Price Cars, said: ‘As one of Oodle’s very first dealers, we have totally bought into what they are doing.
‘Oodle is a very technology-driven company that allows us to engage with customers in a very different way, compared to other lenders.’