As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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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]
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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Spireon Founder Hands Over CEO Role
Monday, Jun. 10, 2013, 12:00 AM
Nick Zulovich
IRVINE, Calif. — Spireon, makers of the GoldStar GPS solution intended to help dealers and auto finance companies keep closer tabs on vehicles, announced a major management change today, revealing the transition to a new chief executive officer. The company ... [Read More]
IHS to Acquire Carfax, Polk
Monday, Jun. 10, 2013, 12:00 AM
Nick Zulovich
ENGLEWOOD, Colo. — IHS Inc. entered a definitive agreement to buy Carfax parent company R.L. Polk & Co., in a $1.4 billion transaction. Officials said as a part of today's announcement that the deal must first go through customary closing ... [Read More]
Global Lending Services Joins RouteOne
Monday, Jun. 10, 2013, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — Now operating in 19 states, Atlanta-based Global Lending Services became integrated with RouteOne last week. Officials explained that dealers with a relationship with GLS — a subprime lending company that provides financing to both franchised and ... [Read More]
Car-Mart Opens 125th Dealership
Monday, Jun. 10, 2013, 12:00 AM
Nick Zulovich
BENTONVILLE, Ark. — America's Car-Mart began the process of adding 12 more stores to its buy-here, pay-here dealership network during its current fiscal year by recently opening its 125th location. The newest lot is located in Grove, Okla., raising Car-Mart's ... [Read More]
Daughtry: How Much Reconditioning Should Vehicles Receive? It Depends
Friday, Jun. 7, 2013, 12:00 AM
Nick Zulovich
OVERLAND PARK, Kan. Normal 0 false false false EN-US X-NONE X-NONE Normal 0 false false false EN-US X-NONE X-NONE — /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; ... [Read More]
Deere Employees Credit Union Chooses VINtek for Automotive Collateral Management
Friday, Jun. 7, 2013, 12:00 AM
Nick Zulovich
PHILADELPHIA — VINtek, a provider of collateral management services, electronic lien and title (ELT) services and direct finance processing for automotive lenders, has been selected by Deere Employees Credit Union as its provider of automotive collateral management services, including ELT. ... [Read More]
NCCI Forms Partnership With Del Mar Recovery Solutions
Friday, Jun. 7, 2013, 12:00 AM
Nick Zulovich
LAKE FOREST, Calif. — National Creditors Connection recently formalized a strategic alliance with Del Mar Recovery Solutions to perform repossession agent on-site inspections. In this strategic alliance, officials explained NCCI will assume on-site inspection responsibilities of repossession lots for Del ... [Read More]
CFPB’s Hackett Maintains Agency’s Position During NAF Association Conference Keynote Session
Friday, Jun. 7, 2013, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — Responses to more than a dozen questions delivered in advance to an assistant director of the Consumer Financial Protection Bureau had to be approved by many officials from the new regulatory agency. During the keynote session ... [Read More]
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