Thank You for Joining Us at the Florida IADA Annual Convention & Expo, Aug. 1-3
Vehicle recoveries pose unique challenges and increased risks to dealers’ finance portfolios. Les McCook, executive director of the American Recovery Association, and Patrick Altes, a Florida-based recovery agent and industry expert, provided their insight into the current state of the recovery industry during a panel discussion held on Aug. 3, from 10:30-11:30 a.m. — Subprime and BHPH: Mitigating Risk in a Risky Business — moderated by Michelle Jackson, Advantage Automotive Analytics, vice president of sales.
The session was designed to help BHPH dealers gain a thorough understanding of the federal and state regulations and the risks associated with building a profitable portfolio of high-risk finance contracts in today’s current climate. Our goal was to provide valuable insights into the current state of the recovery industry, and the challenges and opportunities in the short and long term.
To download the team’s best practices, techniques, tips, and suggested tools that can lower these risks, boost rewards, and enhance finance portfolio performance, click here.
About Advantage Automotive Analytics
Advantage Automotive Analytics is an automotive technology and data analytics customer-first organization, dedicated to connecting and protecting your valuable collateral with the industry most sophisticated hardware and software solutions. Our wired and wireless (battery-powered) platforms are continuously updated and improved. Key to our continuous platform improvements and innovations is our dedication to listening to the voice of our customers.
ARA Partnership
Advantage Automotive Analytics works closely with the American Recovery Association (ARA) to build a culture of compliance. Our solution provides a portal to certified ARA recovery agents who recovers your vehicle assets in the event of a default. Finding a certified collateral recovery specialist in your town, state, nearby state, or across the country can be a time consuming job, and when it comes to repos, time is definitely money. Having lists of recovery agents a mouse click away will speed your recovery and mitigate your losses.
Our partnership delivers powerful risk mitigation tools and services that will give you peace of mind and assist you with making future funding decisions.
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The Advantage interactive dashboard uses advanced technology to deliver high level and vehicle-specific, granular oversight of your automotive finance portfolio.
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