BLOG FOR SPECIAL FINANCE CAR DEALERS
Triad Financial Ends Indirect Lending
As fallout from the subprime loan crises continues, the ripple effect claims another subprime car lender. Triad Financial Corporation announced last week that they would discontinue all indirect originations.
Comments (5)LotProOnline offers the best in Buy Here Pay Here software
The new release of LotProOnline enables independent dealers to maximize profits while keeping track of inventory from one or multiple locations.
Comments (0)AmeriCredit Sells $750 Million in Subprime Auto Bonds
There was some good news this week from the subprime auto lender as reported by Sarah Mulholland from Bloomberg News. There was also good news regarding the captive finance companies of all three domestic manufacturers.
Comments (1)Survey shows consumers plan on buying necessities with rebate checks
According to a recent survey by the National Retail Foundation, more consumers plan on spending 40% their rebate checks, but the items they plan on buying have shifted since a February poll was taken.
Comments (0)New LotProOnline feature shows at-a-glance inventory status
New features included with LotProOnline enable special finance managers to instantly know of any booking problems with their inventory.
Comments (1)DealerTrack announces the launch of the DealerTrack Independent Network
LAKE SUCCESS, N.Y., /PRNewswire-FirstCall via COMTEX News Network/ — DealerTrack Holdings, Inc. (Nasdaq: TRAK), a leading provider of on-demand software and data solutions for the U.S. automotive retail industry, announced the launch of the DealerTrack Independent Network(TM), a new web-based platform connecting independent (non-franchised) dealers and financing sources. The platform will include robust risk-mitigation capabilities enabling dealers to provide additional financing options to their customers.
Comments (2)Streamline applicant submissions with LotProOnline
One of the many new features of LotProOnline’s latest update is the ability to submit multiple applicants to DealerTrack®, saving the user time and mouse clicks in the process.
Comments (1)Put away that shotgun and make peace with your lenders
With the number of subprime lenders scaling back their loan portfolios, it’s more important than ever to start treating the remaining ones better – and that includes the elimination of “shot gunning” deals.
Comments (0)New key feature of LotProOnline prevents underbooking of vehicles and more
New features included with LotProOnline enable special finance managers to instantly know of any booking problems with their inventory.
Comments (0)J.D. Power and Associates Celebrates 40th Anniversary
Even for those of us who have been in the automotive industry for some time, it’s hard to remember a time when J.D. Power and associates was not around.
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