Todd V.’s Post

With FCRA-approved agents, we have unparalleled access to true credit data. Car dealers can now enter the highly profitable octagon of improved credit offers targeted directly at improved credit scores. When automotive dealers compete for the same car buyer and sellers in their area of responsibility, the dealer with the greatest scope of information about the customer, the dealer with the most extensive and intimate relationship with that customer, will be the more efficient competitor. #cardealers #improvedcredit #disruptors

Here in San Antonio on Day 1 at Texas Independent Automobile Dealers Association Conference & Expo. Visit booth #113 at Texas Independent Automobile Dealers Association Conference & Expo to learn how Agora Data, Inc. empowers car dealers to operate with the strength of a finance company, enhancing profitability without altering existing processes. Explore opportunities to finance more subprime customers and increase sales while maximizing lifetime loan profit. #autofinance #autofinancing #TIADA #profitablegrowth #automotive #autoindustry #subprime #finance

🚘🔍 The Current Challenge in Subprime Auto Finance: A Shift to In-House Funding 📈🤔 Dealers targeting deep subprime consumers are facing challenges as lenders tighten credit standards, leading to reduced add-on product sales and decreased margins. High-interest rates are making additional purchases less affordable for these customers. This situation is pushing dealerships towards more in-house financing as a survival strategy. The next 24 months could herald a boom for 'buy here, pay here' dealers, provided they manage their inventories well. 🗨️ How is this affecting your business and what are your predictions for the future of subprime auto finance? #autofinance #bhph #autolending #industryinsights #dealerships #interestrate #economictrends

Auto dealer sentiment is at its second-lowest score in the history of the Cox Automotive Inc.'s Automotive Dealer Sentiment Index, a trend that may continue and add further pressure on the $230 billion of largely junk loans and bonds in the sector. Profitability is weighed down by higher-for-longer rates, which have a -69% correlation to dealer operating margins over the past decade, as well as rising costs and higher inventory levels. https://lnkd.in/egZEbj59

CEO Pete MacInnis recently had the opportunity to join #JimFitzpatrick and #CBTNews to discuss our most recent dealership study regarding the differing perspectives of transparency between car dealers and car buyers. The study reveals 97% of dealers agree there's a significant trust gap in finalizing 'THE' deal with consumers and 80% of dealers say the reduced price transparency from lenders is the biggest obstacle to providing more upfront deal clarity to consumers. This is a must-watch for those aiming to reduce the trust gap and sell the way your customer wants to buy:. Access the full interview here: https://loom.ly/zzM3bZs #cardealers #cardealerships #connectedretailing#dealers #dealership #digitalretailing#elendsolutions #modernretailing

Dealers today don't just need to do the right thing with regards to compliance, they need to PROVE they did the right thing. In this episode of The Drive with Jason, John Warner details how 700Credit's suite of products provides dealers with peace-of-mind by automating the compliance process, as he and host Jason Harris cruise through Las Vegas in sharp 700Credit-orange shirts! Watch the full interview here! 👉 https://lnkd.in/gTvCjRsn #Compliance #DealershipCompliance #AutoSales #AutoDealers National Automobile Dealers Association (NADA)

The OEM’s insist on getting surveys from customers. The only survey acceptable is all 5’s or 5 stars, or all excellent. First of all, taking your vehicle in for service is not an “excellent” experience. Watching my kid hit a home run or catching a 5lb bass is an excellent experience. So why would you want to pi** off your customer further by adding a surcharge? As Randy DuRie says, why surcharge when you can FleetCharge?

Ready to buy your very first car? No worries. Our relationship with regional banks ensures we can get you great rates – even without much credit history. You may even want to consider having a co-signer on your loan to potentially secure a better interest rate and help with the bank's decision on granting you the amount you request. No matter what, we're here to make it easy for you and get you the keys to your first ride. Come check out our inventory, you wont be disappointed! #dealership #cars #usedcars #smarterwaytobuyacar #carsforsale #autosales #automotive #carshopping #quality #inventory #cardealership  #cardealer #usedcarsforsale #automotive #sales #newcar #usedcar #carsalesman #deals #dealershiplife #carswithoutlimits #buyacar #preownedcars

Dealers today don't just need to do the right thing with regards to compliance, they need to PROVE they did the right thing. In this episode of The Drive with Jason, John Warner details how 700Credit's suite of products provides dealers with peace-of-mind by automating the compliance process, as he and host Jason Harris cruise through Las Vegas in sharp 700Credit-orange shirts! Watch the full interview here! 👉 https://lnkd.in/gTvCjRsn #Compliance #DealershipCompliance #AutoSales #AutoDealers National Automobile Dealers Association (NADA)

As dealer margins change, the focus moves back to generating more returns from other areas - in particular dealer F&I operations. While there is no silver bullet, there are some good ideas to consider and this article has a few. #autodealer #autoindustry #autofinance