As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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CUDL Marking 10th Year at NADA
Monday, Jan. 7, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE ONTARIO, Calif. — CUDL and subsidiary Vero, providers of identity recovery and vehicle aftermarket products and services, announced plans to participate at the National Automobile Dealers Association Convention & Expo for the ... [Read More]
Edmunds.com: Expect Growth in Subprime Market This Year
Friday, Jan. 4, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE SANTA MONICA, Calif. — When Edmunds.com considered the Top 10 trends expected for 2013, an even higher increase in auto loans to subprime consumers made the list. Senior analyst Jessica Caldwell stated ... [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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SFG Finance Rolls Out New Bulk Purchase and Flow Programs
Friday, Jan. 4, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE ARLINGTON, Texas — SFG Finance, a purchaser of auto paper from buy-here, pay-here dealers, franchised dealers, finance companies, banks and credit unions, announced two major changes to its business model for 2013. ... [Read More]
Regional Management Expands into Georgia
Friday, Jan. 4, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE GREENVILLE, S.C. — Regional Management Corp., a diversified specialty consumer finance company, revealed the expansion of its auto lending operations into Georgia today, raising its footprint to eight states. The newest location ... [Read More]
Bank of the West Exec Discusses How Auto Lending Has Evolved, What Could Be Ahead
Friday, Jan. 4, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE SAN FRANCISCO — Paul Wible, executive vice president of the national finance group at Bank of the West, recently shared his perspective on how the vehicle lending experience changed for buyers during ... [Read More]
Fitch: Auto ABS Performance Expectations Upbeat for 2013
Wednesday, Jan. 2, 2013, 12:00 AM
Nick Zulovich
NEW YORK — Now that the U.S. doesn't appear to be going over the fiscal cliff because of measures taken by federal lawmakers this week, the projections made by Fitch Ratings about this year's auto ABS asset and ratings performance ... [Read More]
CNW: Subprime Loan Approvals Aid Strongest Used-Vehicle Sales Forecast Since 2007
Wednesday, Jan. 2, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 BANDON, Ore. — Subprime auto loan approvals jumped by at least 40 percent during each of the last four months of 2012, according to data produced by CNW Research. December's year-over-year ... [Read More]
Credit Acceptance, Nicholas Financial Adjust Credit Deals to Close Year
Wednesday, Jan. 2, 2013, 12:00 AM
Nick Zulovich
SOUTHFIELD, Mich. and CLEARWATER, Fla. — Credit Acceptance Corp. and Nicholas Financial each modified credit arrangements to wrap up 2012 financial activities. At Credit Acceptance, the company extended the date on which its $325.0 million revolving secured warehouse facility will ... [Read More]
As New California BHPH Laws Take Effect, NIADA Reflects on What Might Have Been
Wednesday, Jan. 2, 2013, 12:00 AM
Nick Zulovich
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 SACRAMENTO, Calif. — Buy-here, pay-here dealers in California began 2013 with more state regulations. But reflecting back on what the potential rules might have been, the National Independent Automobile Dealers Association ... [Read More]
NCM Adds Four Associates to Expand Franchised and BHPH Dealer Services
Friday, Dec. 21, 2012, 12:00 AM
Nick Zulovich
OVERLAND PARK, Kan. — NCM Associates hired four new associates to serve its retail automotive clientele, including the franchised and buy-here, pay-here dealer segments. Joining the company as executive conference moderators for the 20 Groups division under Kevin Cunningham are ... [Read More]
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