As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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Ally Financial Announces 2014 TIME Dealer of the Year Nominees
Friday, Oct. 25, 2013, 12:00 AM
Nick Zulovich
DETROIT — Ally Financial said Thursday that 57 dealers have been selected as nominees for the 2014 TIME Dealer of the Year award, which recognizes the nation's most successful dealers who also demonstrate a long-standing commitment to community service. Now ... [Read More]
FNI Pinpoints Top 3 Add-On Product Hazards For Auto Finance Providers
Wednesday, Oct. 23, 2013, 12:00 AM
Nick Zulovich
RALEIGH, N.C. — FNI Inc., a collateral protection and consumer benefit program product and compliance agency for auto finance providers, tackled what president David Bafumo believes are the top hazards to avoid when offering captive or preferred add-on programs. Bafumo ... [Read More]
Resource Hub
Best Practices, Ideas, and Tools for Business
Out-of-State Titling: 12 Steps Every Title Clerk Should Follow (The Easy Way)
Out-of-state titling isn’t easy. With every state having different DMV requirements, document packets, and deadlines, it’s easy for mistakes to...
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Free Guide: How Smart Dealers Can Profit from Customer Car Insurance
Turn Customer Auto Insurance into Dealership Profit If you're not profiting from auto insurance in your dealership, now’s the time...
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Go In-House With Your Photos
Your Photo Vendor Didn’t Show Up Again? Let’s Fix That. Stop relying on vendors and start owning your inventory. This...
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The Auto Dealer’s Complete Checklist for Evaluating AI
The Auto Dealer’s Complete Checklist for Evaluating AI highlights key questions dealership leaders should ask technology partners during the selection...
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Dealer Guide: Selecting the Right Auto Logistics Partner
In retail automotive, your transport provider isn’t just moving cars — they’re moving your business forward. Every delayed delivery, damaged...
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Case Management Made Easy: Harnessing the Power of Technology
Lenders are grappling with record-high automotive loan delinquencies, all while navigating budget constraints, staffing shortages and more. To overcome these...
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TransUnion Unveils New Product to Uncover Deeper Insights Into Credit Behavior
Wednesday, Oct. 23, 2013, 12:00 AM
Nick Zulovich
CHICAGO — This week, TransUnion launched an enhanced credit information solution called CreditVision, what the bureau described as a new look in consumer credit data reporting that can allow for deeper insights into credit behavior for both businesses and consumers. ... [Read More]
NextGear Capital Taps Former Agero, ADESA Exec to Be New VP of Commercial Accounts
Wednesday, Oct. 23, 2013, 12:00 AM
Nick Zulovich
CARMEL, Ind. — On Tuesday, NextGear Capital appointed a new vice president of commercial accounts who previously worked in the salvage auction industry along with posts at Agero and ADESA. Taking on this new role with NextGear Capital is Bradley ... [Read More]
Del Mar Recovery Solutions Expands Operations into Michigan
Wednesday, Oct. 23, 2013, 12:00 AM
Nick Zulovich
CARLSBAD, Calif. — Skip-tracing, repossession and remarketing management firm Del Mar Recovery Solutions recently expanded its call center operations into Grand Rapids, Mich. Company executives highlighted that a year of steady growth across all of their business lines led Del ... [Read More]
Jeff Haynes Tapped to Be First Re3 Executive of the Year
Monday, Oct. 21, 2013, 12:00 AM
Nick Zulovich
SAN DIEGO — In the second of three new honors to be handed out during Used Car Week, Auto Remarketing and SubPrime Auto Finance News announced the inaugural winner of the Re3 Executive of the Year Award presented by Consolidated ... [Read More]
CPS Assesses Current Competition from Banks and Larger Auto Financing Firms
Monday, Oct. 21, 2013, 12:00 AM
Nick Zulovich
IRVINE, Calif. — After wrapping up another quarter of net income growth, Consumer Portfolio Services again addressed competition in the subprime auto financing market. However, late last week, instead of touching on startups that are entering the arena, CPS chairman ... [Read More]
J.D. Power: Combined August & September Lease Volume Climbs by 121K Units
Monday, Oct. 21, 2013, 12:00 AM
Nick Zulovich
CARY, N.C. — Lease subvention climbed more than 5 percent year-over-year in September, which was the first increase in seven months, according to Autodata Corp. data in the latest Guidelines report from NADA Used Car Guide. The report noted that ... [Read More]
New Ohio Finance Company Rolls Out Online Platform
Monday, Oct. 21, 2013, 12:00 AM
Nick Zulovich
CINCINNATI — A new finance company servicing dealers and consumers in Ohio is now taking credit applications online. Officials from Buckeye Auto Finance explained their online platform is designed to assist potential nonprime purchasers with important approval criteria such as: ... [Read More]
Spireon Names New Chief Information Officer
Friday, Oct. 18, 2013, 12:00 AM
Nick Zulovich
IRVINE, Calif. — Mobile resource management and business intelligence solutions provider Spireon chose a new chief information officer this week to direct the company's key information technology initiatives. Tapped for the position was Sam Balooch. "Sam is a true information ... [Read More]
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