NEW YORK, July 9, 2013 /PRNewswire/ — Serving automotive finance companies in six countries, BookItOut opens its newest location today in New York City. The expansion into Lower Manhattan positions BookItOut among the world's largest financial institutions as its influence grows in the automotive finance industry.
"A physical presence in the financial capital of the world immerses BookItOut in the global finance community," said Jonathan Hedy, Executive Vice President. "BookItOut Dealer Services continues to expand rapidly; the New York office complements our strategic initiatives and widespread adoption by the auto finance industry."
BookItOut Dealer Services provides auto dealers, finance companies, and insurance companies business intelligence, lead generation, and access to the largest database of used vehicle transactions aggregated directly from dealerships. "By combining the largest database of actual dealership data with the most advanced B.I. solutions and third-party integrations, BookItOut provides an entire ecosystem that harnesses dynamic information and dramatically increases profitability. Our patented methods continue to advance the auto finance community, as we bring America's largest industry to global participants," Hedy concluded.
The automotive industry accounts for 5% of United States' Gross Domestic Product, and, more specifically, the used car industry represents the largest retail segment of the U.S. economy. Auto finance companies are the lifeblood to consumers purchasing vehicles; BookItOut provides the data and tools necessary to make optimal decisions. Hedy will host several webinars this year to empower producers in the auto finance industry and showcase the latest features in BookItOut's web-based application.
The Manhattan location comes within six months of opening a San Francisco office; BookItOut maintains a 19,000-square-foot headquarters in Jacksonville, Florida, and a development center in Vail, Colorado.
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About BookItOut, Inc:
BookItOut is a privately held company with over 10,000 customers (dealerships, finance companies, insurance companies) across North America. BookItOut offers business intelligence, lead generation, and actual-cost used car values from a proprietary database containing over 15 million unique purchase transactions from the last year. By charging customers, BookItOut does not charge private sellers to list vehicles and guarantees a cash offer within 24 hours. BookItOut received an award for Boldest Company of 2011, currently serves the largest Automotive Groups in North America, and leverages cloud computing as it redefines car shopping and the auto industry.
Any and all company and product names may be trademarks of the respective companies with which they are associated. For more information, follow us on Twitter @bookitout or contact Jillian Thompson at 888-246-9996 or Email.