How Lenders and Dealers Differ In Adopting New Technology

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 the fact that lenders and dealers […]
  • Matthew Wood
  • April 27, 2018
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Identifying the Dying Dealership: A Guide for Lenders

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. A multi-year data study conducted […]
  • Josh Wortman
  • June 2, 2017
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Sharing Secrets — Roadblocks to Creating a Dealer Fraud Detection Network

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 due to lack of lender participation […]
  • Natalie Mattila
  • January 5, 2017
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Customer Retention, Quick Funding Are Key to Staying Ahead

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 for used vehicles. To keep revenues […]
  • George Yacik
  • November 23, 2016
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Toyota’s ‘Ice Bucket’ Branding; Dealing with Fake PR; Predicting User Behavior

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.
  • admin
  • September 15, 2014
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