Oftentimes, compensation doesn’t arrive unless sales objectives are met or exceeded. EFG Companies is changing that situation. On Tuesday, EFG Companies announced the launch of F&I Profit Guarantee in which EFG compensates new clients if revenue goals are not met ... [Read More]

AutoAlert and 700Credit announced an expanded integration alliance on Tuesday. With this new alliance, AutoAlert has incorporated 700Credit’s credit reports, compliance, and prescreen platforms into its CRM platform, AutoAlert CXM, to provide a “seamless” dealer experience. AutoAlert CXM is an ... [Read More]

An analysis by five experts at the Federal Reserve Bank of New York showed consumers in their 20s and 30s represent the age groups with the most auto finance contracts 90 days or more past due. Those fourth-quarter findings are ... [Read More]

Newly released Federal Trade Commission data showed that consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30% year-over-year. The FTC said consumers reported losing more money to investment scams — more than $3.8 ... [Read More]

The next step in building what the Consumer Financial Protection Bureau is calling its auto finance data pilot put the onus on nine finance companies. According to a bureau blog post pushed online Thursday, the CFPB said it issued orders ... [Read More]

Experts from Cox Automotive, The Conference Board, iLending, S&P Global Ratings recently articulated several ingredients that could create headwinds for the auto finance market during the rest of the year. The ingredients ranged from the bandied about trends connected with ... [Read More]

Interest rates have been rising for more than a year, and auto defaults are on a similar trajectory. S&P Dow Jones Indices and Experian now have seen auto defaults climb nine times in the past 11 months. According to data ... [Read More]

New research from LexisNexis Risk Solutions reinforced how the use alternative data often focuses on deep subprime, subprime and near-prime consumers Last week, LexisNexis Risk Solutions unveiled the findings of its Alternative Credit Data Impact Report, a nationwide survey assessing ... [Read More]

Tony Wanderon had a busy start to 2023, highlighted by becoming CEO of APCO Holdings after it acquired National Auto Care (NAC). Wanderon spent some time during NADA Show 2023 in Dallas for this episode of the Auto Remarketing Podcast ... [Read More]

Paul McCarthy returned for another episode of the Auto Remarketing Podcast, this time as vice president of sales, key accounts, at Protective Asset Protection. McCarthy took time during NADA Show 2023 in Dallas to share his perspectives on the current ... [Read More]