As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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ABI: Bankruptcy Filings Continue to Soar with Older Americans Now Filing More Often
Thursday, Aug. 26, 2010, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — A new study from the Administrative Office of the U.S. Courts reveals that Americans 55 and older are filing for bankruptcy at a higher rate than the rest of the population. Apparently, while many bankruptcies are filed by ... [Read More]
Experian to Review First Half of 2010 During Today’s Webinar
Thursday, Aug. 26, 2010, 12:00 AM
Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive is offering its analysis of the state of the automotive finance market through the first half of the year during a free Webinar set for today. Melinda Zabritski, director of automotive credit for Experian, plans to ... [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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Leedom Group CEO Spearheads BHPH Dealer Advisory Council Formation
Thursday, Aug. 26, 2010, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — The chief executive officer of Leedom Group, who also is the dealer principal for a group of five buy-here, pay-here stores in Florida and Georgia, is aiming to create a new advocacy organization — one that can ensure Congress ... [Read More]
Bank of America Grows Direct-to-Consumer Loans with VINtek’s Help
Thursday, Aug. 26, 2010, 12:00 AM
Nick Zulovich
PHILADELPHIA — In addition to celebrating its 20th anniversary, VINtek announced it has expanded its direct-to-consumer auto loan service for Bank of America to include offering direct auto finance leads through the company's Tax, Tag and Title Calculator. Bank of America ... [Read More]
Fiserv, DriveTime Broaden Partnership to Give Customers More Payment Options
Tuesday, Aug. 24, 2010, 12:00 AM
Nick Zulovich
BROOKFIELD, Wis. — Fiserv and DriveTime recently expanded their partnership so that now instead of just having the ability to pay at a dealership location and online or via phone, customers can now also pay their auto loan bills at more than ... [Read More]
New OneCommand Tool Aims to Find Customers with Built Up Equity to Drive Sales
Tuesday, Aug. 24, 2010, 12:00 AM
Nick Zulovich
CINCINNATI — OneCommand recently rolled out a new tool it's calling Equity Scoring, a product designed to help dealerships identify the current equity position of both finance and cash customers. Geared to reach potential buyers most likely to be ready and ... [Read More]
Car-Mart CEO: Our Growth Will Continue Thanks in Large Part to Repeat Customers
Tuesday, Aug. 24, 2010, 12:00 AM
Nick Zulovich
BENTONVILLE, Ark. — William "Hank" Henderson, America's Car-Mart president and chief executive officer, said late last week that management is continuing its growth strategy and credits repeat customers as a large factor in the company's solid financial performance. Henderson indicated that ... [Read More]
CNW: Teens No Longer Receiving First Vehicle Choice; Parents More Likely to Pay Cash
Tuesday, Aug. 24, 2010, 12:00 AM
Nick Zulovich
BANDON, Ore. — Back in 2005, 91 percent of male and 93 percent of female teens received their first vehicle choice. However, in 2010, this is no longer the case. According to CNW Research, this figure dropped to 76 percent and ... [Read More]
J.D. Byrider Hires New VP of Store Operations
Thursday, Aug. 19, 2010, 12:00 AM
Nick Zulovich
CARMEL, Ind. — J.D. Byrider selected a new vice president of store operations earlier this week. Taking on the task of managing all aspects of J.D. Byrider's 13 company-owned locations is former Wells Fargo executive Todd Gunderson. Management stressed that Gunderson ... [Read More]
Westlake Gains Higher Credit Facility, Enhances Customer Communication Software
Thursday, Aug. 19, 2010, 12:00 AM
Nick Zulovich
DES MOINES, Iowa — Wells Fargo Preferred Capital announced it has increased the revolving credit facility for Westlake Financial Services from $240 million and one year to $365 million and three years. Wells Fargo Preferred Capital is the lead agent and ... [Read More]
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