As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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Fiserv Acquires Open Solutions in $55M Deal
Friday, Jan. 18, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE BROOKFIELD, Wis. — Fiserv announced earlier this week that it has acquired Open Solutions, a provider of collaborative, enterprise core account processing technology for financial institutions. Officials said the purchase price was ... [Read More]
NAF Association’s Compliance Roundtable Explains Connection Between Behavioral Economics and Vehicle Financing
Wednesday, Jan. 16, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE HANOVER, Md. — Executives from 20 auto lenders holding a portfolio of $200 million or less paused almost in unison when Hudson Cook's legal experts made the connection between behavioral economics and ... [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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S&P/Experian: Auto Loan Defaults Stay Flat in December, Stopping 3-Month Rise
Wednesday, Jan. 16, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE NEW YORK — While the composite rate of the S&P/Experian Consumer Credit Default Indices ticked up for the third consecutive month, auto loan default rates stayed flat in December, halting a rising ... [Read More]
GM Financial Rolls Out Fourth Securitization During Past 12 Months Of At Least $1B
Wednesday, Jan. 16, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE FORT WORTH, Texas — For the fourth time since June of last year, General Motors Financial announced the pricing of an offering of automobile receivables-backed securities totaling at least $1 billion. The ... [Read More]
Dealertrack Hosting Free Compliance Webinar
Wednesday, Jan. 16, 2013, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack will host a free compliance webinar to serve as a wrap-up of 2012 developments and to discuss important changes in compliance regulations dealers likely will encounter this year. The session is scheduled for 2 p.m. ... [Read More]
Wells Fargo Auto Originations Slow as 2012 Closes
Monday, Jan. 14, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE SAN FRANCISCO — Wells Fargo — the auto lending market leader according to the latest data generated by Experian Automotive — watched its originations soften as the year closed, but they still ... [Read More]
Enterprise Car Sales Drives $380M in 2012 Loan Volume to Credit Unions
Monday, Jan. 14, 2013, 12:00 AM
Nick Zulovich
ST. LOUIS — Enterprise Car Sales, which specializes in working with credit unions of all sizes to increase auto loan volume, said it generated a total of more than $380 million in loan volume for credit unions through used-vehicle sales ... [Read More]
NADA Reminds Dealers about IRS Filing Regarding Single Consumer Payments of $10K or More
Monday, Jan. 14, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE McLEAN, Va. — The National Automobile Dealers Association reminded members about a particular tax form that must be filed before the end of the month. NADA explained that dealers who receive more ... [Read More]
GE Capital and KTM North America Extend Consumer Financing Program
Monday, Jan. 14, 2013, 12:00 AM
Nick Zulovich
STAMFORD, Conn. — GE Capital Retail Bank and KTM North America, a powersports unit manufacturer, recently announced a multi-year extension of their consumer financing program. GE Capital Retail Bank provides financial solutions to retailers and dealers to help grow their ... [Read More]
Ally Financial Declares More Dividends on Preferred Stock, Sending More Money to US Treasury
Friday, Jan. 11, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE DETROIT — On Thursday, Ally Financial's board of directors declared quarterly dividend payments for certain outstanding preferred stock. These dividends are payable on Feb. 15. The company indicated a quarterly dividend payment ... [Read More]
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