Auto Credit Express Blog
May 9, 2008
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.
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May 5, 2008
Evaluating your used car inventory
For subprime managers everywhere, the used car inventory has always been an issue. Now, with changing market conditions, the subprime and prime used car inventories should be closer together.
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April 7, 2008
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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February 1, 2008
It’s the first of the month. How long will it take you to re-book your inventory?
Many of us here at Auto Credit Express can remember the pain of having to manually re-book the used car inventory every month. Needless to say, it was not something to look forward to…
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November 6, 2007
Special Finance Car Sales “ Recipe for Success”
To maintain long term success in sub prime auto sales focus on improving the Critical Success Factors: Lenders, People, Business Process, Technology, Inventory, and Advertising.
Sub Prime Lenders
More and more sub prime auto lenders are trying to edge their way into the conventional finance office. As a result, these same lenders are not buying as deeply as they once used to. Make sure your lender mix contains lenders that approve a wide variety of subprime credit scenarios. In addition, to reduce your risk, place your loans with numerous lenders. If you only use one or two lenders and they run into troubled times, you could be left with contracts in transit that you will have to place with other lenders. (Read More…)
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