As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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PODCAST: Why Agora Data’s Steve Burke is so bullish about automotive
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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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Westlake Financial Joins RouteOne
Thursday, Jan. 29, 2009, 12:00 AM
Nick Zulovich
LOS ANGELES — Westlake Financial Services announced the national rollout of its integration with RouteOne's credit application management system. The national rollout kicked off last week. Ian Anderson, president of Westlake Financial, explained that Westlake's integration with RouteOne is part ... [Read More]
Flexco Teams Up with IFS for Financing, More
Thursday, Jan. 29, 2009, 12:00 AM
Nick Zulovich
COLUMBUS, Ohio — Flexco Fleet Lease Exchange Co. announced it has engaged Innovative Funding Services to provide funding and other services for the employees of their client companies. Flexco said it provides a reliable remarketing outlet for companies who look 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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BHPH AutoMax Acquires Auto Group, Signs Inventory Supply Deal
Thursday, Jan. 29, 2009, 12:00 AM
Nick Zulovich
MARIETTA, Ga. — In early December of 2008, the chief executive officer of AutoMax Group entered into an agreement to acquire the AutoMax trade name and the company, which is now incorporated in Georgia. On Dec. 12, AutoMax agreed to acquire ... [Read More]
DBRS Reports Significant Auto ABS Volume Funded Privately
Tuesday, Jan. 27, 2009, 12:00 AM
Nick Zulovich
NEW YORK, N.Y. — Auto asset-backed securities declined 50.2 percent last year, according to the latest data from DBRS. However, once the capital markets improve, the company predicts that auto ABS will climb significantly. More specifically, over the past few years, ... [Read More]
DealerTrack Reaches 730 Finance Sources, More
Tuesday, Jan. 27, 2009, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack recently announced that it has now reached 730 finance sources on its platform. The company also reported that it has upgraded its compliance solution, added DealerSocket to its OpenTrack program and teamed up with TK Carsites. ... [Read More]
Bankruptcies Could Climb By More Than 30% This Year
Tuesday, Jan. 27, 2009, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — The majority of participants, 65 percent, in a recent American Bankruptcy Institute Quick Poll predicted that bankruptcies in 2009 would increase by at least 35 percent over the nearly 1.1 million cases filed in 2008. Fifty-three percent of ... [Read More]
Suzuki Partners with GE Money to Help Dealers Finance Powersports Customers
Tuesday, Jan. 27, 2009, 12:00 AM
Nick Zulovich
KETTERING, Ohio — GE Money, a division of GE Capital, and American Suzuki Motor Corp. announced a multi-year agreement to provide consumer financing for its motorcycles, all terrain vehicles and scooters. The Suzuki Installment Finance program, managed by GE Money's Sales ... [Read More]
JM&A Group Offers Profit Guarantee Per Finance Deal
Thursday, Jan. 22, 2009, 12:00 AM
Nick Zulovich
DEERFIELD BEACH, Fla. — JM&A Group announced it is now guaranteeing a specific profit per finance deal for new dealer customers. Those dealers now have the assurance of adding $200 to their bottom line for each deal, what company officials tout as the industry's ... [Read More]
Invest in America Credit Union Partnership Expands Even Further
Thursday, Jan. 22, 2009, 12:00 AM
Nick Zulovich
RANCHO CUCAMONGA, Calif. — CUDL officials announced this week that they're partnering with the creator of the "Invest in America" program, which is aimed at helping financing credit union members looking to buy vehicles from General Motors and Chrysler. The partnership links CUDL and ... [Read More]
ADP, Reynolds Join to Create New Company
Thursday, Jan. 22, 2009, 12:00 AM
Nick Zulovich
DETROIT — ADP and Reynolds and Reynolds this week unveiled what they hope will be another successful collaboration with the goal of enhancing the loan origination process via a new company, Open Dealer Exchange. Officials described Open Dealer Exchange as a ... [Read More]
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