Vehicle recoveries pose unique challenges and increased risks to dealers’ finance portfolios. Les McCook, executive director of the American Recovery Association, Joel Kennedy, President of the National Automotive Finance Association and Martin Fugate, Lenoir City Auto Sales Dealer Principal provide their insights into the current state of the automotive finance and recovery industries during a panel discussion at NIADA’s conference on Aug. 25, from 10:00-10:45 a.m. — BHPH Expert Panel: Recovery Outlook & Compliance; Risk Mitigation — moderated by Michelle Jackson, Advantage Automotive Analytics, Vice President of Sales.
This session is designed to give BHPH dealers a thorough understanding of federal and state regulations and the risks associated with building a profitable portfolio of high-risk finance contracts in today’s economic climate. Our goal is to provide valuable risk-mitigation insights and tips that helps BHPH dealers create a culture of compliance by encouraging best practices and using advanced technology and the modern analytics they provide to protect and enhance the value of their finance portfolios.
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.
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.
“We have used Advantage for a couple of years and have had nothing but EXCELLENT customer service!!!We have recommended and referred several other companies to Advantage and will continue to do so.”