Despite most analyst predictions of flattening auto sales for the foreseeable future, auto loans appear to remain a highlight in most credit union portfolios. Of particular interest to institutions financing used car loans is the average age of cars on the road setting a new high water mark of 11.6 years, per Credit Union National […]
Used Auto Loans: The Now and the Future of CU Portfolios Read More »
Life is full of uncomfortable conversations. Maybe it’s that you don’t want to ask the boss for a well-deserved promotion. Maybe you don’t want to let on to the dentist that you haven’t been flossing every single day. Maybe you avoid telling your spouse that the chicken is dry. And that’s just it, we beat
Making GPS Disclosure Fun Read More »
Telematics sounds like a big science word that you probably expect to hear in a speech by Elon Musk as he unveils a groundbreaking technology. Fortunately, the truth is telematics is just a term used to outline how data is captured from vehicles transferred across different mediums, gathered, and the intelligence provided with it. Car
What is Telematics and What it Means? Read More »
As the US economy continues a steady acceleration in GDP and job growth, more consumers find themselves in stronger financial standing with greater purchasing power. Unfortunately, consumer credit scores don’t always reflect the same progress. A 25 percent tariff hike on imported vehicles, if imposed, would push subprime consumers away from new car options and
Understanding the Tax Cuts and Jobs Act – 4 Ways to Prepare Your BHPH Dealership Read More »
Auto Finance Summit 18 Session Recommendations The 18th annual Auto Finance Summit in Las Vegas is growing from the events of years past. In order to deliver on its stated mission to provide excellent education and networking to the auto lending and leasing industry, several new workshops, spotlight sessions, and networking events are being added
The Auto Finance Summit 2018 To-Do List Read More »
Connecting Dealers and Lenders with Consumers Buy here pay here (BHPH) dealers and lenders have relied on the GoldStar GPS to reduce their lending risk, collect more payment and quickly recover their assets. Starting today, a host of consumer benefits extend to consumers with the release of the GoldStar Connect mobile app. Dealers and lenders
Session Recommendations October is upon us, meaning the NABD Subprime Conference is just around the corner once again. Judging from the introductory video featuring NABD co-founder Ingram Walters, change is where it’s at this year. Walters’ assertion that we are living in a rapidly evolving world where the BHPH dealer must also evolve is well
The NABD Subprime Conference 2018 To-Do List Read More »
We’re proud to announce today that Spireon experienced substantial growth in both Automotive and Transportation sectors, achieving various corporate milestones in the first half of 2018. Product innovation, white-glove customer service and key industry partnerships contributed to increases in revenue, active subscriptions and customer service metrics. Spireon’s Automotive and Connected Car markets gained significant growth, including:
New Lot Management Solutions Speed Up Sales Efficiency and Customer Engagement We’ve seen it coming for years. The way cars are made have dramatically changed from analog dials and combustion engines to touchscreen “infotainment” systems and electric engines. Whether balancing a budget online, finding restaurants on an app, or even tracking your runs with GPS,
7 Ways a Great Lot Management Solution Drives Revenue for Dealerships Read More »
Making Life on Lenders a Bit Easier As more credit-challenged customers come into dealerships, BHPH dealers take more loans at potentially higher risk. To offset this risk, it’s vital they perform due diligence when verifying customer home addresses and employer information. Typically, verifying loan references or as often called stipulations (STIPs) requires staff to devote
How to Save Time and Money on Loan Reference Verifications Read More »
