BLOG FOR SPECIAL FINANCE CAR DEALERS
The state of the subprime market 1st quarter 2008
With a number of subprime lenders reporting first quarter results, a clearer lender picture is emerging for the second quarter of 2008.
Comments (0)Have an Arkona DMS? We can work with that!
Attention Special Finance Managers: If your dealership uses Arkona as a DMS, LotProOnline can make your job a lot easier.
LotProOnline and Arkona
For special finance managers that use Arkona as a DMS, it can sometimes feel like you are the red headed stepchild in the world dominated by ADP and Reynolds & Reynolds. This can all change if you use LotProOnline as your special finance desking tool. Because, with LotProOnline, updating your inventory with vehicle integration requires absolutely no effort on your part.
How LotProOnline integrates with your system
When your purchase LotProOnline with the integration module, Arkona will send you a release form. Once you fill out the form and sign it, they have permission to send us your updated inventory information. Once this step is completed, Arkona will send us, electronically, your vehicle information, once a day, to our secure server.
Once we receive this information, it is formatted and uploaded to your LotProOnline program. All this is done automatically, so that all you need to do as a manager is open up LotProOnline, click the “inventory” tab in the upper left hand corner then, once the page is loaded, click on the “integration” tab above the inventory list. There, you will find the new vehicles that need to be booked.
But wait, there’s more!
In addition to uploading the file to LotProOnline, we will also email you a copy of the original report from Arkona in Excel® format so that you can view it in its entirety. Your integration will be updated six days a week – Monday thru Saturday – to ensure you get accurate information when you need it.
At Auto Credit Express, we want your subprime department to make more money
Here at Auto Credit Express, subprime auto is our business. Just like you, we do it every day. So for more information on the best subprime desking software on the planet, contact our sales department at (888)535-2277 or by using our quick contact form.
Comments (0)Experian and Credit Builders Alliance Announce Partnership to Establish Data Reporting For Microlenders
Costa Mesa, Calif. and Alexandria, Va. — April 22, 2008 - Experian®, a global information services company, and Credit Builders Alliance (CBA), a nonprofit organization, have joined together to launch a data-reporting partnership that enables CBA’s members to report microloan repayment data to Experian.
Comments (0)Experian Survey Shows 59 Percent of Americans Feel the Economic Stimulus Package Is a Short-Term Fix to the U.S. Economy
Poll also reveals that 34 percent of consumers who have not filed their 2007 federal tax return expect to receive a refund
Comments (0)Consumer Portfolio Services reports 1st quarter earnings
On April 15th, CPS reported first quarter earnings for 2008. While they didn’t match 2007 earnings, there were a number of bright spots in the report.
Comments (0)Advanced inventory techniques with LotProOnline – Part 2
Today we will address a second key inventory feature of LotProOnline. That feature is the ability to configure the monthly update process to your particular needs. It is especially important if you are carrying over deals from the prior month.
Comments (0)Special Finance Managers – get prepared for tax refunds
While many look upon the 15th of April with a less than enthusiastic attitude, subprime finance managers need to prepare for more business while re-visiting old deals…
Comments (0)Analyzing CPS Fourth Quarter and Full-Year Earnings 2007
On February 12th, CPS disclosed their earnings for the fourth quarter and all of 2007. Unlike AmeriCredit, there was good news and unlike many subprime auto lenders, CPS did not appear to pull back in the fourth quarter of 2007…
Comments (0)Keeping Inventory Updated with LotProOnline
One of the key features of LotProOnline is the ability to configure the update process to your particular needs. Today we will discuss one of those features…
Comments (0)Adjust your subprime inventory now
Now is a good time for special finance managers to look at their inventory mix and adjust it to fit new bad credit auto loan buying patterns…
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