(Published June 13, 2016) A unique challenge in the indirect lending market is managing business and compliance relationships with dealers. This video provides lenders with best practices for managing the due diligence aspects of dealer relationships and for receiving compliant funding packages.
(Published May 10, 2016) Technology has drastically changed how consumers’ research and buy vehicles. A study conducted by Autotrader.com found 95% of millennials used the Internet to shop for a vehicle, with 50% saying they used a smartphone in 2014. To serve these digital consumers’ dealers need to evolve their sales and financing processes to meet consumers’ digital expectations.