Auto Credit Express Blog
August 29, 2008
How to Improve Funding Time for your Subprime Auto Loans
According to Deborah Malinowski, national sales director of Drive Financial, there are a number of ways that you can speed up the funding process. (Read More…)
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August 27, 2008
Toyota Financial Services Overtakes GMAC
According to a new study by AutoCount, the longtime leader in auto lending has taken a back seat to its Japanese rival. (Read More…)
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August 25, 2008
The Best Subprime Auto Software on the Planet
The new release of LotProOnline enables car dealers to maximize profits while keeping track of inventory, leads, funding packages and customers.
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August 22, 2008
Marketing from your File Cabinet
One of the easiest ways to market your business is to use the customer lists that you already have. But many dealers don’t even know these lists exist and miss the opportunity.
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August 20, 2008
Track the Sales Process with the latest version of LotProOnline
It can be difficult for every member of your special finance department to know when they need to step in and handle their portion of the customer sales process. The latest version of LotProOnline subprime auto software will ensure that all necessary personnel know just what to do and when to do it as the customer moves through the special finance sales process.
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August 18, 2008
Latest Consumer Survey Shows Continued Weakness in Economy
In the latest preliminary Consumer Confidence Survey, the University of Michigan/Reuters poll shows a continued weakness in the U.S. economy.
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August 13, 2008
Electronic Document Storage with the latest version of LotProOnline
In special finance, it’s vital that all important deal-related documentation is kept in the customer file. Unfortunately, this information sometimes gets misplaced, delaying funding and making more work for the special finance manager. It can also inconvenience customers - especially if they have to request copies of these forms from their employers or utility providers. With the latest version of LotProOnline, these problems are a thing of the past.
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August 8, 2008
AmeriCredit Reports Net Loss of $150 Million
In its most recent report to stockholders, Fort Worth, Texas-based subprime auto lender AmeriCredit reported a fourth quarter net loss of $150 million. In addition, the lender announced a cessation of operations in Canada as well as an end to its leasing and direct lending operations.
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August 5, 2008
HSBC Discontinues Indirect and Direct Auto Lending to Consumers
In a recent SEC filing, HSBC noted that a decision was made in July to discontinue new motor vehicle loan originations from the dealer and direct-to-consumer channels. These changes will take effect on August 6th.
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August 4, 2008
Sales Leads and Subprime Auto Sales
Not all sales leads are created equal, I am continually surprised that car dealers think all internet leads are the same. Just because they previously had bad luck with leads, they think that none of them are any good. Nothing could be further from the truth.