As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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Car-Mart Unveils Fourth Store in Mississippi
Monday, Oct. 22, 2012, 12:00 AM
Nick Zulovich
BENTONVILLE, Ark. — America's Car-Mart recently broadened its network of buy-here, pay-here dealerships in Mississippi. Car-Mart's newest location is in Oxford, Miss., bringing the company's total to 117 stores throughout the Southeast. "Oxford is our fourth location to open in ... [Read More]
BHPH Dealers Gather to Learn at NABD East Coast Conference
Monday, Oct. 22, 2012, 12:00 AM
Nick Zulovich
ATLANTA — General recommendations about what dealers should do when a buyer files for bankruptcy, how successful stores keep quality employees and operators who are starting their tax season before Halloween comprised the opening day of content at the NABD ... [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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Primeritus Financial Services Acquires Renovo Services
Friday, Oct. 19, 2012, 12:00 AM
Nick Zulovich
NASHVILLE, Tenn. — After launching itself as a recovery management and skip-tracing services provider back in March, Primeritus Financial Services acquired another industry player on Thursday — Renovo Services. Primeritus executive vice president of sales and marketing Joe Mappes said ... [Read More]
Capital One Auto Finance Taps New President, Reports Q3 Performance
Friday, Oct. 19, 2012, 12:00 AM
Nick Zulovich
McLEAN, Va. — While documents filed with the Securities and Exchange Commission this week confirmed Capital One Auto Finance will have a new president as of Nov. 1, the company watched its auto loan originations soften during the third quarter. ... [Read More]
Equifax Rolls Out Tool for Improved Targeting of Pre-approved Loan Offers
Friday, Oct. 19, 2012, 12:00 AM
Nick Zulovich
ATLANTA — Equifax contends that automotive lenders can now receive unprecedented levels of marketing intelligence to more effectively prescreen and target prospective consumers for pre-approved offers with its newest tool rolled out this week — True In-Market Propensity (TIP) Scores. ... [Read More]
Edmunds: Subprime Borrowing Pushes Rebound of Dealer-Financed Sales
Friday, Oct. 19, 2012, 12:00 AM
Nick Zulovich
SANTA MONICA, Calif. — Edmunds.com said this week that dealer financing is back to pre-recession levels after bottoming out in 2009. Analysts contend a key driver of this resurgence is the revival of the subprime market, which accounted for a ... [Read More]
S&P/Experian: Auto Loans Tick Higher Again as Most Consumer Credit Default Rates Hit New Lows
Wednesday, Oct. 17, 2012, 12:00 AM
Nick Zulovich
NEW YORK — The upward bounce from the reading's historic low continued in September as the S&P/Experian Consumer Credit Default Indices showed auto loan defaults climbed for the second month in a row. Analsyts from S&P Dow Jones Indices and ... [Read More]
FinCo Management Expands Deep Subprime Loans and Leases into 31 States
Wednesday, Oct. 17, 2012, 12:00 AM
Nick Zulovich
MARBLEHEAD, Mass. — FinCo Management, a provider of deep subprime dealer financing, is expanding its Financing Alternatives and Servicing Today program into 31 states, covering nearly 75 percent of the U.S. population. The company said the program should be operating ... [Read More]
Dealers United Chooses DealerTrack as Preferred DMS Provider
Wednesday, Oct. 17, 2012, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced today the company has been selected as the recommended DMS provider for Dealers United, a national purchasing network for privately owned dealers. As part of the agreement, officials said Dealers United will market DealerTrack ... [Read More]
CU Xpress Lease’s September Volume Establishes Year-High
Wednesday, Oct. 17, 2012, 12:00 AM
Nick Zulovich
HAUPPAUGE, N.Y. — CU Xpress Lease said its September activity reached a one-year high showing growth of 64.88 percent in lease volume year-over-year and 36 percent year to date. Officials said the vehicle leasing program available to current credit union ... [Read More]
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