As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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Reynolds LAW Rolls out F&I Library of Forms for WV Dealers
Monday, Jun. 17, 2013, 12:00 AM
Nick Zulovich
DAYTON, Ohio — Reynolds and Reynolds announced the availability of the LAW West Virginia F&I Library that is designed to offer West Virginia automobile and truck dealers a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents. Officials ... [Read More]
iTapMenu Launches F&I Product Rating with Provider Exchange Network
Monday, Jun. 17, 2013, 12:00 AM
Nick Zulovich
SOUTHFIELD, Mich. — Provider Exchange Network, a division of Open Dealer Exchange, recently completed integration with the F&I mobile menu, iTapMenu. Officials explained the iTapMenu will now feature electronic rating via PEN. "We couldn't be more excited about the partnership ... [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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CPS Renews $100M Credit Facility
Friday, Jun. 14, 2013, 12:00 AM
Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services recently renewed its $100 million revolving credit facility with Citi. Under the amended terms, CPS explained the facility will revolve during the first two years and may amortize during the third year. The company ... [Read More]
Top 10 Most Refinanced Vehicles by Below-Prime Buyers
Friday, Jun. 14, 2013, 12:00 AM
Nick Zulovich
IRVINE, Calif. — CarFinance.com recently compiled data showing the Top 10 most frequently refinanced makes and models by the site's below-prime customers since last year. Among the brands listed, domestic badges represented the top three as well as half of ... [Read More]
Experian Rolls Out New Financing Process Solution for World Omni
Friday, Jun. 14, 2013, 12:00 AM
Nick Zulovich
COSTA MESA, Calif. — Experian recently announced that it is providing World Omni Financial Corp. with a flexible decision management solution based on its PowerCurve and Attribute Toolbox software aimed at streamlining the processing and decisioning of auto finance applications. ... [Read More]
Free CarMark Auto Finance Webinar to Highlight Potential of Residual-based Financing
Friday, Jun. 14, 2013, 12:00 AM
Nick Zulovich
CARY, N.C. — With monthly payments weighing so heavily on potential vehicle buyers nowadays, CarMark Auto Finance is hosting a free webinar to highlight its residual-based finance program that can generate a financing option up to 40 percent lower than ... [Read More]
Used Car Week Grows with SubPrime Forum Featuring Some of Industry’s Best Speakers and More
Wednesday, Jun. 12, 2013, 12:00 AM
Nick Zulovich
SAN DIEGO — As the subprime vehicle finance industry continues to gain steam, organizers of Used Car Week 2013, presented by Auto Remarketing and SubPrime Auto Finance News, responded with a new event at one of the premier U.S. destinations. ... [Read More]
van Wagenen Financial Services Launches 2 New Insurance Products
Wednesday, Jun. 12, 2013, 12:00 AM
Nick Zulovich
MINNEAPOLIS — van Wagenen Financial Services rolled out two new insurance products aimed at boosting its offerings to both dealers and lenders. Aimed at riding the rapid growth trajectory with the subprime lending market, van Wagenen released a point of ... [Read More]
Double-Digit Bankruptcy Drops Continue in May
Wednesday, Jun. 12, 2013, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute found that total bankruptcy filings in the United States for May decreased 12 percent year-over-year. Drops at that level or higher have been reported during four of the first five months of 2013. ... [Read More]
AutoUSA Introduces Shop-By-Payment for Payment Pro to Boost Dealer Websites
Wednesday, Jun. 12, 2013, 12:00 AM
Nick Zulovich
FORT LAUDERDALE, Fla. — AutoUSA Internet Sales Solutions recently introduced Shop-By-Payment for Payment Pro, powered by DriveItNow, a patent-pending payment marketing tool that offers consumers a new way to shop on dealer websites. The company explained that when a customer ... [Read More]
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