Why Now is the Time for Auto Lenders to Go Digital

by Dealertrack on June 18, 2020

Over the past several years, the paperwork and manual processes for handling auto loans have been gradually giving way to technology-based processes. But this year has changed everything. In the wake of the COVID-19 pandemic, digital solutions have quickly moved from “nice to have” to “vital” for both dealers and lenders. Consumers have...

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The Recipe for Funding Auto Dealers Faster

by Dealertrack on September 17, 2019

The old saying is that too many cooks spoil the broth. But when it comes to finding ways for lenders to handle large volumes of paper contracts until the auto industry fully transitions to electronic contracting, some extra help in the “kitchen” can make all the difference. Taking the measure of the industry Today, the au...

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Industry News Roundup: 8/16/19

by Dealertrack on August 16, 2019

This week’s news roundup from Dealertrack includes some surprising best practices for the F&I office, a heads-up about the next generation of auto buyers, and an update on the state of the economy and the automotive industry....

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Expedite Contract Processing Regardless of Workload

by Dealertrack on August 13, 2019

eContracting has made it so indirect auto lenders can process contracts and fund their dealers faster. Unfortunately, many dealers haven’t given up the paper contracting habit yet, so lenders must find ways to beef up their contract processing on two fronts. It can be a challenge for lenders to deliver faster funding for paper contract package...

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Faster Paper Contract Processing for Lenders

by Dealertrack on June 18, 2019

The car buying process is getting more digitally connected with each passing year, yet most dealerships are still finalizing purchase contracts on paper. During this time when contract processing is a hybrid of traditional and paperless, it’s still possible for lenders to take some steps that will help them prepare for fully digital contracting....

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What’s New for Lenders in 2019

by Dealertrack on January 15, 2019

As conference season kicks off, we’re looking forward to meeting with lenders at AFSA and NADA to share the latest updates about Dealertrack Lender Solutions. There’s a lot going on within Dealertrack Lender Solutions, but here are a few highlights: Dealertrack uniFI™ Dealertrack uniFI brings the e...

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Is Auto Retail Ready for the Internet of Things?

by Dealertrack on September 10, 2016

On paper, it sounds amazing: Place a few beacons around a car at a dealership, and create a connection point between the shopper who’s wandering the lot, the car they’re looking over, and a salesperson ready to build a relationship. In a flash, that person is treated to key model features, aftermarket options…not to mention financing...

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Mark O’Neil, and the Work of Transforming Automotive Retail

by Dealertrack on June 24, 2016

It’s not all that often we get to take a look inside the motivations and rationale of an industry pioneer like Cox Automotive’s Chief Operating Officer Mark O’Neil. But when we do, it can be illuminating, inspiring and thought-provoking, especially in terms of how and why change occurs. In the case of O’Neil, change always seems to be dr...

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