Post Tagged with: "dealers"

Canstock/Bloomua

How Lenders and Dealers Differ In Adopting New Technology

IT April 27, 2018 at 10:21 am

From mobility to online car shopping, technology has made leaps and bounds in the auto industry, and while this area might be small, it’s growing sooner rather than later. Lenders and dealers have no shortage of options when it comes to implementing new technology into their processes, but despite theRead More

Identifying the Dying Dealership: A Guide for Lenders

Identifying the Dying Dealership: A Guide for Lenders

Best Practices, Operations, Opinion, Risk June 2, 2017 at 9:08 am

Do you know if a car dealership is doing well? Is it growing? Will it survive to next year? Auto finance companies must know. They spend marketing dollars and invest risk capital to do business with dealerships, so they need to know if a dealership will still be here tomorrow.Read More

Sharing Secrets — Roadblocks to Creating a Dealer Fraud Detection Network

Sharing Secrets — Roadblocks to Creating a Dealer Fraud Detection Network

Best Practices, Guides, Risk January 5, 2017 at 11:00 am

With dealer fraud reaching “higher than normal” levels for Pelican Auto Finance LLC, the subprime lender has been looking to develop a lender network to share dealer fraud insights, said Troy Cavallaro, the company’s chief executive. However, the company has been “unable to move the needle” on the project dueRead More

Customer Retention, Quick Funding Are Key to Staying Ahead

Customer Retention, Quick Funding Are Key to Staying Ahead

Best Practices, Operations, Payments November 23, 2016 at 12:39 pm

While it’s probably overly pessimistic to say that a “perfect storm” is brewing in auto finance, it is true that some lenders are under increasing pressure on a variety of fronts, including higher loan losses from looser underwriting, plateauing car sales, the possibility of higher interest rates, and lower prices forRead More

Toyota’s ‘Ice Bucket’ Branding; Dealing with Fake PR; Predicting User Behavior

Toyota’s ‘Ice Bucket’ Branding; Dealing with Fake PR; Predicting User Behavior

Best Practices, HR, IT, Management, Operations, Risk, Sales & Marketing September 15, 2014 at 10:34 am

With the ALS Ice Bucket challenge going viral throughout the United States, auto lenders and other companies have figured out how to not only support awareness for ALS, but increase your brand awareness too. Look at Toyota Financial Services’s video below. Notice the branding. Each ice-bucket-challenge participant is wearing the same TFS shirt — and going through the experience together.