As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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PRNDL.com Introduces Streamlined Financing for Online Shoppers
Monday, May. 20, 2013, 12:00 AM
Nick Zulovich
ALPHARETTA, Ga. — PRNDL.com, an online vehicle-buying service, launched its streamlined Finance Center last week, offering a full spectrum of credit options for applicants of all credit levels. Site officials highlighted the Finance Center joins PRNDL's list menu of services, ... [Read More]
Vendor Transparency Solutions Launches Complaint Handling Module for Lenders & Service Providers
Monday, May. 20, 2013, 12:00 AM
Nick Zulovich
TUCSON, Ariz. — Vendor Transparency Solutions, an Arizona-based compliance management company, recently released its Complaint Handling Module, an addition to the VTS Compliance Monitoring Platform. VTS highlighted the industry specific Complaint Handling Module can enable lending institutions and service providers ... [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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Credit Bureau Connection Rolls Out Solution for Long-Term Document Storage
Monday, May. 20, 2013, 12:00 AM
Nick Zulovich
FRESNO, Calif. — For decades, Credit Bureau Connection contends that dealers have stored deal and compliance documents in big metal file cabinets and wondered what length of time to keep them. Now, CBC believes it has a solution to make ... [Read More]
FTC Unable to Provide Compliance Data CFPB Wanted
Friday, May. 17, 2013, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — As the Consumer Financial Protection Bureau prepares its annual report to Congress, the agency wanted specifics of what compliance matters other federal regulators are involved with regarding non-bank entities, which can include franchised and independent dealerships. The ... [Read More]
TransUnion, Carfax Create Scoring Tool to Predict Future Delinquency
Friday, May. 17, 2013, 12:00 AM
Nick Zulovich
CHICAGO — TransUnion developed what it called an innovative risk assessment model designed to help auto lenders evaluate the potential for future loan delinquency based on the history of the vehicle used as collateral. Officials highlighted that they developed the ... [Read More]
AIADA: Is Your F&I Department Under Attack?
Friday, May. 17, 2013, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — While there is a lot of talk in the media these days about America's economic recovery, the truth is that most Americans are experiencing a recovery that is tepid, at best. Many of us are still struggling ... [Read More]
RDN: Recovery Trends Soften in April
Friday, May. 17, 2013, 12:00 AM
Nick Zulovich
REDWOOD CITY, Calif. — Most of the metrics included in the latest RDN Monthly Analytics Update indicated downward movement in April. Analysts said April recovery volumes dropped 2 percentage points versus the March level. However, the April reading came in ... [Read More]
‘Truck Country’ Dominates Top 10 Markets for Highest Monthly Payments
Wednesday, May. 15, 2013, 12:00 AM
Nick Zulovich
SANTA MONICA, Calif. — Nearly half of the markets represented among the Top 10 for the highest monthly auto loan payment for a new model in April are located in the same state, according to Edmunds.com. And popular vehicles sold ... [Read More]
Experian: Deep Subprime Loans, 30- and 60-Day Delinquencies & Repossessions All Climb in Q1
Wednesday, May. 15, 2013, 12:00 AM
Nick Zulovich
SCHAUMBURG, Ill. — Loans to deep subprime buyers jumped in the first quarter. So did 30-day and 60-day delinquencies as well as repossessions. The latest State of Automotive Finance report from Experian Automotive showed that 30-day auto loan delinquencies rose ... [Read More]
NABD Offering Day Passes for Dealer Academy & National Conference
Wednesday, May. 15, 2013, 12:00 AM
Nick Zulovich
LAS VEGAS — The National Alliance of Buy-Here, Pay-Here Dealers is still giving operators the chance to attend at least part of its upcoming Dealer Academy and National Conference. NABD is offering day passes for the events that begin Sunday ... [Read More]
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