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This Month's Focus

Turbocharged Finance
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Latest two moves by US Bank have dealers & OEMs in mind
U.S. Bank made a pair of moves last week geared to boost its position in automotive with dealerships and OEMs. First, U.S. Bank said it is launching redesigned BMW, MINI and BMW Motorrad Mastercard credit card products that offer cardholders ... Read More
TransUnion and Bankrate collaborate to broaden credit offers  
TransUnion and Bankrate want to make it easier for millions of Americans to find personalized credit offers that meet their needs. On Wednesday, the companies announced they’re working even closer together to deliver smarter matching by combining Bankrate’s lender marketplace ... Read More
COMMENTARY: The LLM compliance paradox & separating conversational AI from quantitative underwriting
It’s hard to open a newspaper or read a tech article today without seeing at least some mention of large language models (LLMs) and their usage in just about any industry. The auto lending sector is no exception, with LLMs ... Read More
Ben Sporn of VIP Automotive Group Takes DIY Approach to AI
Ben Sporn is the chief marketing officer of VIP Automotive Group on Long Island, N.Y. , where he runs operations and artificial intelligence projects at his family’s 10-store dealer group. He also has a tech background, having worked for Google ... Listen Here
SPONSORED PODCAST: Securing the Vehicle Handoff with Secure Vehicle Transfer
In this episode of the Auto Remarketing Podcast, Bill Zadeits speaks with Lainey Sibble and Eric Schwartz from Central Dispatch about the newest technology impacting vehicle transport: Secure Vehicle Transfer. Learn more about this impactful technology and how it’s helping ... Listen Here
SPONSORED EPISODE: High-quality used inventory via the service drive with AutoHub’s Dan Gaughan
Some of the best used-car inventory a dealer could want is sitting right in their own service lane every day. In this special sponsored episode of the Auto Remarketing Podcast, AutoHub general manager Dan Gaughan took dealers through a proven ... Listen Here

GMAC to Add 200 Positions in N.C.

Nick Zulovich
CHARLOTTE, N.C. — North Carolina Gov. Bev Perdue recently announced that GMAC Financial Services will invest more than $16.4 million to grow its Charlotte operations. GMAC confirmed this announcement. The expansion is expected to create 200 finance, marketing, IT and related ... [Read More]

NCCI Names COO

Nick Zulovich
LAKE FOREST, Calif. — National Creditors Connection Inc., a leading provider of nationwide field call services, announced it has promoted senior vice president Jerry Rahon to chief operating officer. Rahon received a unanimous vote of confidence from NCCI's board of directors ... [Read More]

Resource Hub

Best Practices, Ideas, and Tools for Business

AI & Auto Finance: An Expert Guide to Using This Technology

This 26-page ebook from Cherokee Media Group, sponsored by dotData, brings together insights from nine experts on how artificial intelligence...
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Turning Dealer Group Data into Demand

Stop letting messy data hold your dealership back from its true earning potential. While many multi-roof dealer groups struggle to...
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Evaluating VPP Cancellation Systems: 7 Questions Every Lender Should Ask

Selecting the right VPP cancellation system is critical to maintaining compliance, maximizing recoveries, and improving operational efficiency. As regulatory requirements...
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Auto lenders spent on AI. Here’s what paid off.

A panel of auto-lending leaders — CEOs of subprime auto finance companies, VPs of Collections, CROs, indirect-lending executives at two...
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Experian Automotive Dealer Fraud Threat Report

Fraud is Hitting Dealerships Hard When one bad deal can erase tens of thousands in profit, fraud becomes impossible to...
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AI-Financing Spotlight: How Tracy Honda Sells 12-15 More Deals Monthly

Discover how Tracy Honda is outperforming its market by leveraging AI-powered auto financing to drive faster approvals and close more...
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The AI Dealer Playbook: 5 Questions to Ask Before You Buy AI

Artificial intelligence is rapidly reshaping dealership operations by automating communication, improving workflows, and supporting staff with tools like copilots and...
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Speaking the Same Language: How Dealers Structure Capital for Real Estate and Growth

Why Capital Structures Matters in Today’s Market Dealers actively expanding or acquiring real estate are often constrained not by opportunity—but...
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NAF Association Announces Details for Non-Prime Conference

Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association's 13th Annual Non-Prime Auto Financing Conference will be held June 3 to 5 at the Renaissance Worthington Hotel in Fort Worth. The conference opens with a reception in the exhibit hall at 5:30 ... [Read More]

Compli Names New COO

Nick Zulovich
PORTLAND, Ore. — Compli announced recently that Chris Grebisz will become the company's new chief operating officer on April 1, 2009. Ken Thrasher, chairman and chief executive officer of Compli, said that Grebisz's executive experience will help the company form new ... [Read More]

Recovery of Used-Vehicle Prices Boosts Residuals for SUVs, Trucks

Nick Zulovich
NEW YORK — Many auto companies curtailed leasing in 2008 as residual values caused a lot of concerns. As DBRS pointed out in its latest report, residual values are a critical component of auto asset-backed securities' rating criteria. "One of the ... [Read More]

Fireside Bank Exits Auto Finance Business

Nick Zulovich
CHICAGO — Unitrin, which is Fireside Bank's parent company, announced today that the subsidiary is suspending new lending activity and exiting the auto finance business. Basically, Unitrin said this decision follows a review into the strategic alternatives for Fireside. The move ... [Read More]

Kia, CUDL Team Up to Offer Discounts to Credit Union Members

Nick Zulovich
ONTARIO, Calif. — CUDL and Kia Motors America announced they have entered a  new partnership to provide credit union members discounts on new 2008 and 2009 vehicle purchases. The new partnership between the Credit Union Service Organization and KMA provides members ... [Read More]

GMAC Responds to Concerns Over Its Wholesale Financing, Curtailment Practices

Nick Zulovich
DETROIT — In a statement released this week, GMAC Financial Services said it is doing everything it can to provide broad-based funding support for dealerships during the difficult economy. For instance, even with the tight credit markets, the company said it ... [Read More]

Experian Automotive: Auto Delinquencies Climb by Double Digits

Nick Zulovich
SCHAUMBURG, Ill. — This morning, Experian Automotive announced that 60-day past due climbed by double digits year-over-year from the fourth quarter of 2007 to 2008. More specifically, the company discovered that these delinquencies are up nearly 17 percent. Currently, 1.04 percent of ... [Read More]

Wells Fargo Capital Infuses Summit with $20 Million Revolving Credit Facility

Nick Zulovich
DES MOINES, Iowa — Wells Fargo Preferred Capital announced this week that it recently added $20 million to Summit Financial Corp.'s existing Bank of America Business Credit facility of $55 million, bringing the total facility to $75 million. Currently in its ... [Read More]

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