As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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2025 Non-Prime Automotive Financing Industry Survey is ‘more than just numbers’
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COMMENTARY: Is your payments platform safeguarding compliance?
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CFPB Unveils Nonbank Supervision Program
Friday, Jan. 13, 2012, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — As dealers and lenders brace for more regulation, the Consumer Financial Protection Bureau earlier this week unveiled an expansion of its bank supervision program that began last July. Officials indicated the expansion now includes nonbanks, ensuring that ... [Read More]
Tracers Information Specialists Boosts Vehicle Database
Friday, Jan. 13, 2012, 12:00 AM
Nick Zulovich
BROOKSVILLE, Fla. — Tracers Information Specialists, a service provider helping skip-tracers, repo agencies and other debt collectors track down consumers and collateral, recently revealed it has expanded its vehicle database. This database available through its website now contains vehicle 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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SNAAC Announces Top 10 Purchased Vehicles by Customers for 2011
Friday, Jan. 13, 2012, 12:00 AM
Nick Zulovich
MASON, Ohio — Security National Automotive Acceptance Co. recently revealed its Top 10 purchased vehicles for 2011. SNAAC discovered that domestic models dominated the list as eight of the 10 vehicles came from a Big 3 manufacturer. SNAAC's top 10 ... [Read More]
Toyota, Lexus Offer Thanks to Returning Troops with Rebates & Low APR Specials
Wednesday, Jan. 11, 2012, 12:00 AM
Nick Zulovich
TORRANCE, Calif. — Toyota and Lexus and their financial arms are saying welcome home to returning American troops in their own way. In recognition of the thousands of troops set to make the journey home and their service to the ... [Read More]
CarHop Adds Two Stores, Opens First California-Based Rooftop
Wednesday, Jan. 11, 2012, 12:00 AM
Nick Zulovich
EDINA, Minn. — CarHop's network of buy-here, pay-here dealerships now includes five near Chicago, as well as the company's first venture into California. This week, CarHop unveiled its 50th rooftop since beginning with its first store operation 16 years ago. ... [Read More]
ARA, MasterFiles Form Alliance to Boost Members’ Skip-Tracing Efforts
Wednesday, Jan. 11, 2012, 12:00 AM
Nick Zulovich
DALLAS — The American Recovery Association and MasterFiles recently completed an integration project that's resulted in a new alliance. As a result, ARA members can perform their skip-tracing and front-end verifications in a cost effective way that association leadership believes ... [Read More]
AWARE Shares 12 Resolutions for Healthier Auto Finance Outcomes
Wednesday, Jan. 11, 2012, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — In the spirit of making resolutions, a collection of dealer and a finance association offered a dozen points to help buyers make the right decision when they're ready to finalize a vehicle contract. Among the recommendations by ... [Read More]
RecoveryNet Offers LPR Capability Through Subscription-Based Platform
Monday, Jan. 9, 2012, 12:00 AM
Nick Zulovich
LAS VEGAS — PRA Location Services contends it has found a way for repo agents to take advantage of license-plate recognition technology without operators needing to invest thousands of dollars in equipment and more. The Las Vegas-based subsidiary of Portfolio ... [Read More]
BHPH Dealers Come Under Threat in California
Monday, Jan. 9, 2012, 12:00 AM
Nick Zulovich
SACRAMENTO, Calif. — Last week, California Assemblyman Mike Feuer introduced legislation designed to target the sale and collection practices common to buy-here, pay-here dealers, according to a report in the LA Times. "I am very concerned about practices which target the ... [Read More]
Huntington Bancshares Declares Quarterly Cash Dividend
Monday, Jan. 9, 2012, 12:00 AM
Nick Zulovich
COLUMBUS, Ohio — Huntington Bancshares announced late last week that it has declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock. The dividend is $1.5469 per share. Officials also noted that the dividend is ... [Read More]
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