As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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NABD Unveils Agendas for Annual Dealer Academy & Conference
Friday, Feb. 22, 2013, 12:00 AM
Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers revealed its preliminary agenda for its Dealer Academy and 15th annual National Conference, including who will give the keynote address. Along with training and timely discussion about credit, compliance, best practices ... [Read More]
Experian Automotive Spots First Quarterly Rise in Delinquencies Since Late 2009
Friday, Feb. 22, 2013, 12:00 AM
Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive reminded lenders and dealers that despite a marginal rise in delinquencies for the first time since 2009, the auto lending market "is extremely healthy." Experian found that 60-day delinquencies rose from 0.72 percent in the ... [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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Report: CFPB Set to Sue Four Banks Over Auto Lending
Friday, Feb. 22, 2013, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — In what the compliance counsel from Dealertrack Technologies cautioned might be coming, an online report earlier this week said the Consumer Financial Protection Bureau has told at least four banks that it may sue them over vehicle ... [Read More]
Lithia Upbeat About Subprime Buyer Market Penetration
Friday, Feb. 22, 2013, 12:00 AM
Nick Zulovich
MEDFORD, Ore. — Of the finance deals Lithia Motors facilitated during the fourth quarter, 13 percent of those contracts went to subprime buyers: a level company officials said was consistent with a year earlier. But Lithia is looking for more ... [Read More]
S&P/Experian: Auto Loan Default Index Opens 2013 Marginally Higher
Wednesday, Feb. 20, 2013, 12:00 AM
Nick Zulovich
NEW YORK — Despite marginal deterioration in January, the auto loan portion of the S&P/Experian Consumer Credit Default Indices showed levels still better than a year ago. S&P and Experian reported Tuesday that auto loan default rates increased in January ... [Read More]
Chase Auto Finance, Jaguar Land Rover North America Renew Agreement
Wednesday, Feb. 20, 2013, 12:00 AM
Nick Zulovich
NEW YORK — On Tuesday Chase Auto Finance announced the renewal of its private label auto finance agreement with Jaguar Land Rover North America. Officials indicated the deal lasts for an additional five years. Demonstrating a strong business relationship, Chase ... [Read More]
AUL Corp. Partners with AAA Mid-Atlantic to Enhance Vehicle Protection Program
Wednesday, Feb. 20, 2013, 12:00 AM
Nick Zulovich
NAPA, Calif. — Service contract provider AUL Corp. recently partnered with AAA Mid-Atlantic as the administrator of its new-vehicle service contract program also known as AAA Vehicle Protection Plan or VPP. Officials explained this relationship was designed to enhance AAA ... [Read More]
NVLA Appoints Accounting Counsel, Highlights Speakers at Upcoming Conference
Wednesday, Feb. 20, 2013, 12:00 AM
Nick Zulovich
HANOVER, Md. — Along with more details about its annual conference this spring, the National Vehicle Leasing Association recently announced the appointment of its new accounting counsel. Tapped for the role is Mike North, who is a director with the ... [Read More]
Top Consumer Finance Attorney Returns to Hudson Cook
Monday, Feb. 18, 2013, 12:00 AM
Nick Zulovich
HANOVER, Md. — Hudson Cook recently announced a partner is returning to the firm to focus his practice on federal and state consumer financial services laws with particular emphasis in automotive financing. Coming back after a most-recent stint as counsel ... [Read More]
J.D. Byrider, Car-Mart Open New BHPH Stores
Monday, Feb. 18, 2013, 12:00 AM
Nick Zulovich
BENTONVILLE, Ark., and CARMEL, Ind. — Both America's Car-Mart and J.D. Byrider added to their networks of buy-here, pay-here dealerships as one company strengthened its footprint in its home state while the other operation ventured into new territory. The 120th ... [Read More]
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