Case Study: Best Deal Auto Group boosts approvals and profitability with Upstart

Byers Imports funds 54 loans a month with Upstart and averages $1,238 in back-end profit per deal

Byers Imports, a high-volume auto dealership, faced challenges with traditional lenders who were slow to respond and struggled to approve first-time, thin-file, and credit-challenged buyers. This often resulted in lost sales, especially after hours and on weekends. They partnered with Upstart Auto Finance to access a more flexible and responsive financing solution.

Upstart provided an AI-powered lending model that evaluated customers more holistically, leading to fast decisions and strong approvals. This solution helped Byers Imports fund 54 loans in a single month, averaging $1,238 in back-end profit per deal. Upstart became the dealership's number one lender, enabling record-breaking growth and allowing them to expand into new markets while helping more underserved customers access financing.

Byers Imports