As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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DriveItNow Highlights New Shop-By-Payment Technology
Wednesday, May. 15, 2013, 12:00 AM
Nick Zulovich
CINCINNATI — DriveItNow, a provider of online monthly payment marketing technology, described its new patent-pending Shop-By-Payment service as one aimed at "totally changing" the way consumers shop for vehicles on the Internet. How? DriveItNow says its new Shop-By-Payment service flips ... [Read More]
AFSA White Paper Examines Foreign Language Requirements
Monday, May. 13, 2013, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The American Financial Services Association's state government affairs committee recently published a white paper on foreign language requirements for consumer contracts. The paper highlights three states — California, Nevada and New Mexico — that have gone farther ... [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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Exeter Finance Completes $400M Securitization
Monday, May. 13, 2013, 12:00 AM
Nick Zulovich
IRVING, Texas — Specialty auto finance company Exeter Finance Corp., announced the completion of its third rated term securitization late last week, issuing $400 million in notes backed by subprime automobile installment receivables. The company explained the notes were purchased ... [Read More]
Dealertrack Readies Solutions to Handle Changing Regulatory & Retail Worlds
Monday, May. 13, 2013, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack Technologies chairman and chief executive officer Mark O'Neil emphasized that the more governmental regulations dealers face, the more valuable the company's suite of solutions are. Along with highlighting store appeal for its inventory management system ... [Read More]
Hudson Cook Adds New Partner in Pennsylvania
Monday, May. 13, 2013, 12:00 AM
Nick Zulovich
HANOVER Md. — Hudson Cook recently brought in its third new partner so far this year, as the new addition is set to establish the firm's new office in West Chester, Pa. Joining the provider of legal compliance services for ... [Read More]
Dealertrack’s Chairman and CEO On Deep Subprime Approvals and Lenders’ Approach to New Regulations
Friday, May. 10, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE LAKE SUCCESS, N.Y. — Recent intimate dialogue with both dealers and lenders gave Dealertrack Technologies chairman and chief executive officer Mark O'Neil a unique assessment of just how the subprime auto finance ... [Read More]
Global Lending Services Taps Former Capital One Exec to Be New CEO
Friday, May. 10, 2013, 12:00 AM
Nick Zulovich
ATLANTA — Global Lending Services, a one-year-old subprime auto finance company, is appointing a new chief executive officer, pulling in a former high-ranking exec from Capital One Auto Finance. Taking on the role effective Wednesday is Steve Thibodeau, who will ... [Read More]
BMW Group Financial Services Announces Executive Changes in the US
Friday, May. 10, 2013, 12:00 AM
Nick Zulovich
WOODCLIFF LAKE, N.J. — BMW Group Financial Services revealed several changes to its executive team in the U.S. which will all take effect on June 1. The moves include: —Shaun Bugbee, formerly vice president of sales and marketing, will move ... [Read More]
MVTRAC Strikes Deal with Blackline GPS to Boost Recoveries
Friday, May. 10, 2013, 12:00 AM
Nick Zulovich
CALGARY, Alberta — Blackline GPS recently reached an agreement with MVTRAC for the distribution of Blackline's Dart covert and asset tracking system into the recovery industry. Well-positioned within the auto finance, government and law enforcement market, officials highlighted MVTRAC's Intelligent ... [Read More]
April Bankruptcy Filings Drop 8 Percent
Wednesday, May. 8, 2013, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute reported that total bankruptcy filings in the United States decreased 8 percent in April compared to the same month last year. According to data provided by Epiq Systems, bankruptcy filings totaled 100,702 in ... [Read More]
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