| With the economy staggered by the mortgage credit crisis, recent announcements by the “Big Three” automakers that they are dropping or limiting popular auto leasing programs is pushing budget-conscious consumers to their local used car dealer – not only for automobiles but for an expanding array of financing options. More and more used car dealerships are taking steps to benefit from this trend and also manage the attendant financial risk, says Mike Sheridan, founder of Global Debt Network Automotive (www.gdnauto.com), the first nationwide online auto loan portfolio transaction platform. GDNAuto helps dealers and lenders manage their portfolio risk by streamlining the packaging, pricing, due diligence, closing and funding of packages of asset-backed auto loans. Mike Sheridan, founder & president of GDNAuto, is available to comment on the trend by new-car manufacturers away from leasing programs and how this may force more consumers to look to local used car dealerships both automobiles and auto financing products that meet their needs and their pocketbooks. Sheridan also can address how dealerships can effectively leverage this trend and grow their top line by managing their auto loan portfolio risk. “The move away from new-car leasing programs is expected to drive increasing numbers of budget-conscious car-buyers to used car dealerships for both a high-quality used vehicle and the financing to purchase it. As buyers flock to these dealerships, the challenge for used car dealers is to expand their inventory and the range of financing options they can offer their new customers while streamlining their auto lending operations.” | 
