Entries by dealerbizAdm1n

Using Unique Data in Portfolio Management Provides Improvements, Returns

To stay competitive and within budget, many auto financing companies are evaluating and determining which emerging technologies and other resources to tap into and which to pass on or postpone. Fortunately, not all innovations include costly modern technology systems or trends. And not all business challenges require big overhauls in spending and processes. Sometimes the […]

Stephanie and the Three Lenders

So often I am on the go and rarely do I have time to sit and think about what just happened and why. However, after a recent 24-hour trip to the offices of three lenders, I got that chance. Each of the three lenders was strikingly unique, in very different stages of the business lifecycle, […]

What’s New is Old Again

In 2010, the subprime auto loan market began to grow once more, returning from a near complete decimation to where it was pre-crisis. As far as the media is concerned, all growth was the product of a universal collusion to throw underwriting standards out the window. The following represents just a fraction of the stories […]

Will a Data Warehouse Solve My Data Problems?

A two-part series to help you identify and solve your data needs Have you seen the funny YouTube video, It’s Not About the Nail? It starts with a close-up of a woman talking about this relentless pressure she feels and how she’s afraid it’s never going to stop. Then the camera angle changes to reveal […]

Will a Data Warehouse Solve my Data Problems?

Part two – The answer revealed Have you ever completed a word search puzzle by first attempting to find all of the words, and then comparing your list of found words with the one that was provided? Of course you haven’t. The same simple approach applies to solving data problems. You have to truly know […]

Choosing a Lender

by Scott Brackin In the presence of fierce competition and razor thin margins, it’s more important than ever for dealers to look for lenders who are engaged in innovative ways to protect risk, while providing the best in class service levels for the dealership and the consumer. Dealers understand non-prime consumers are on extremely tight […]

Is your GPS Device Really 3G?

By Jeff Karg With 2G GSM towers sun-setting on a weekly basis, coverage for GPS devices on the 2G network is shrinking in areas across the country. If you think this is simply a rumor, just Google “AT&T 2G” and take a look at the top results. On the AT&T website itself you’ll find the […]

Pull the Trigger to Higher Sales

by Denny Long I have heard a story about a dealer in the ‘60s or ‘70s who would perch on top of his dealership with high-powered binoculars recording the license plate numbers of vehicles that were shopping at his competitor’s stores. Back then in his state, you could buy a list of the license plate […]