ECHO Auto Finance Delivers Impressive 2020 Financial Results

TORONTO, CANADA - (NOVEMBER 12, 2020) - Stronger Together...It has been a wild ride this year!

Navigating a second year is always challenging, coupled with an unprecedented crisis like COVID-19 can have devastating impact on every part of the business. Reliable data underpins both crisis planning and response. The outcome? Wider and longer-term perspectives have helped ECHO’s emergence from the crisis even stronger and more sustainable.

ECHO demonstrated outstanding execution in a challenged environment with total sales of $10.5 million, an increase of 15% with only a 6% drop in funded vehicles.

"I would like to thank our talented employees for their commitment and focus to our customers during the global pandemic," Themis Georges, ECHO CEO and Founder. “The world has changed, yet I am singularly proud that ECHO did not lay off any talent during this crisis. Rather, ECHO added a second location and additional staff to continue momentum to grow, generate sales, and remain committed to our proven Total Growth Strategy."

“These record results demonstrate the strength and resiliency of our ECHO Team,” said Sandy Hum, ECHO Director of Marketing. “Supported by a predictable revenue framework, that we believe positions ECHO very well for future growth and market share gains."

“I am proud of the company's performance, we demonstrated outstanding execution in a challenged environment,” said Georges. “The guiding principles we established at the onset of the pandemic, combined with our ability to innovate rapidly, strong relations with Financial Institutions & Dealer Partners provided confidence in our robust operating outlook. Our strategies are working and I am confident that ECHO will emerge from the pandemic as a stronger and even more resilient company.”

Stronger Together.

ECHO Auto Finance
80 Toro Rd, Toronto, ON, Canada, M3J 2A8
Mr. Sandy Hum
Director of Marketing
sandy@ECHOautofinance.com

About ECHO Auto Finance
Established in 2018, ECHO Auto Finance is a leading alternative automotive lending provider in Ontario with two locations in Ontario. A boutique automotive financial services company, "Finance Magic Happens Here", ECHO has quickly entered into a period of rapid growth and expansion. For more information on ECHO Auto Finance, please visit our website at
www.ECHOautofinance.com

This release was published on openPR.