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ECHO Delivers Impressive 2020 Financial Results

Stronger Together...It has been a wild ride this year!

TORONTO, CANADA - (NOVEMBER 12, 2020) - 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.”

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

I am proud of the company's performance, we demonstrated outstanding execution in a challenged environment. 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 optimistic that ECHO will emerge from the pandemic as a stronger and even more resilient company.

Stronger Together...

Strong Growth and Expansion for ECHO Auto Finance

TORONTO, CANADA - (JULY 21, 2020) - ECHO Auto Finance, a leading provider for alternative automotive lending in Ontario experienced record growth in 2020. The company is now expanding with more staff and a new second location.

This continued company momentum speaks to significant market opportunity and demand delivered by ECHO Auto Finance. ECHO’s continued growth directly ties to the strategic initiatives set in place, which has been increasing a robust customer sales base and delivery footprint along with expanding product portfolio and brand partnerships.

ECHO continues to work on innovative sustainable strategies that have allowed ECHO to retain and grow employee talent despite the current economic climate.  

“ECHO’s unwavering commitment to engaging the dealer automotive sector has enabled us to grow more effectively,” said Themis Georges, CEO of ECHO Auto Finance. "Even during these unprecedented times, we continue to successfully execute our growth strategy. This expansion presents ECHO with a unique opportunity to significantly expand our footprint and continue strong momentum.” 

ECHO’s rapid growth and expansion has positioned itself to meet massive shifts in mobility and consumer behavior. The deliberate approach ECHO has taken to bring  solutions to targeted markets will continue to allow ECHO to thrive far beyond operating roadmap.

“ECHO has quickly become the trusted industry lender in Ontario, because of its dedication to its dealer partner network,” said Sandy Hum, Director of Marketing. “ECHO’s aggressive growth parallels what I experienced at Trend Financial when I joined. As a result, ECHO has emerged as an essential lender in Ontario. I’m very excited where ECHO occupies the auto lending sector in the coming months.” 

 

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 

Contact

Mr. Sandy Hum
Director of Marketing
sandy@ECHOautofinance.com