Numerous Headwinds Face BHPH, Subprime Finance Markets Auto loan debt is now the third-largest source of consumer debt in the U.S. While the average credit score is at an all-time high, delinquencies are rising. There’s much to consider when supplying affordable transportation to the underbanked and credit-challenged consumer. Given automotive supply chain issues, inventory costs, and a renewed focus on state and federal collection regulations, integrating modern automotive analytics, technology and predictive trends into your operations could be the difference between profit and loss.
Some of the trending modern automotive analytics to watch:
Mitigate Risks with Modern Analytics
The Advantage interactive dashboard allows for high level and vehicle-specific, granular oversight of your automotive finance portfolio.
Our robust line of wired GPS products, Evo, has been a mainstay of our business model for many years. The Evo portfolio includes VIN Verify and Evo UL – eliminating renewals and monthly fees.
Wireless Revo 3.0
Wireless Revo 3.0 eliminates installation costs and failures, while providing all the data and analysis required to maximize portfolio profitability.
Recovery Agent Database
Access a powerful resource of vetted recovery professionals around the world including a robust profile of their background, contact info, certs and more.
In-App Recovery Assignment
After selecting a certified, bonded recovery specialist, use in-app assignment feature.
Rapid Recovery Portal
The Advantage smart repo workflow uses artificial intelligence to assist with rapid recoveries.