Monday, January 17, 2022
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Tag: auto finance

deal

How far should you go to get a deal approved?

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It’s a busy Saturday at your dealership and the sales desk sends a deal to you for your opinion on which bank will buy it and for what kind of deal structure. You look at the credit app, buyers order, and pull a credit report. And of course, that’s where it gets tricky. Not A […]
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F&I

What a rise in EV sales means for F&I long-term

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The rise of the EV or electric vehicle has made an almost immediate impact on the automotive industry and on dealerships. They are sold with a different buyer in mind and the sales process is a bit more nuanced depending on which EV is sold (hybrid, plug in, etc). A simpler car can sometimes be […]
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CARS

CARS acquires CreditIQ Automotive Fintech Platform, enabling instant financing for consumers,...

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Transaction Highlights: Advances CARS’ growth strategy and expands TAM into the multi-billion dollar Auto Finance segment, which is rapidly growing as online car buying...
FTC

How the new FTC rules will affect car dealers

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On Wednesday, the Federal Trade Commission (FTC) announced it had voted to implement an update to the so-called “Safeguards Rule.” The FTC’s release noted the update will “strengthen the data security safeguards that financial institutions are required to put in place to protect their customers’ financial information.” The rule was created around 2001 as part […]
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Sonic Automotive increases minimum hourly wage to $15

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CHARLOTTE, N.C., August 19, 2021 – Sonic Automotive, Inc. (“Sonic” or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation’s largest automotive retailers, today...
Darwin Automotive

J.D. Power acquires leading automotive finance & insurance software provider Superior...

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TROY, M.I., July 7, 2021-- J.D. Power, a global leader in data analytics and consumer intelligence, today announced it has acquired Superior Integrated Solutions,...
auto loan fraud

Attempted auto loan fraud skyrockets through 2020

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Insecurity and joblessness during the initial months of the COVID-19 pandemic are being blamed for a drastic increase in auto loan fraud activity. According to data from AI and data science company Point Predictive, falsified income and employment on car loan applications increased by 100% as the lockdowns were enforced.   That same level of auto […]
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digital retailing - Aaron Bickart

OfferLogix is leading the way in lease and loan payment advertising...

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Digital Retailing is changing the way car buyers envision the car-buying process. As digital retailing becomes more popular with consumers, it will be crucial...
OfferLogix

How to bridge the gap between your digital retailing platform and...

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Digital retailing is no longer an added incentive for dealers. It has become the expectation of automotive consumers. Today on CBT News, Aaron Bickart...

How the acceleration of digital retailing will affect the auto industry...

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Today on CBT News, anchor Jim Fitzpatrick is joined by Pete MacInnis, Founder and CEO of eLEND Solutions. His company offers automotive finance solutions...