Funding
The Power of Hindsight: Lessons from the 2008 Financial Crisis and How to Improve Funder-Dealer Communication
For those in the automotive funding industry, the lessons from the 2008 financial crisis serve as a reminder of the importance of being prepared for any eventualities in the economy. The recession highlighted the need for better communication and collaboration between funders and dealers in order to navigate an uncertain financial landscape. In this article,…
Read MoreHow to Deploy a Dealer Self-auditing Program: Best Practice for Funders
Funders wishing to deploy a dealer self-auditing program should do so with the knowledge that there are substantial benefits to be gained by their dealer group partners, as well as by their own organisations. However, change will always bring objections, no matter how unfounded or trivial, and it is incumbent on the funder to overcome…
Read MoreAre Your Risk Management Policies Sufficiently Refined?
Do you have the detailed information you need to make the right decisions? Floorplan finance is commonly used in the automotive industry by dealers to purchase inventory. However, there can be a fair amount of risk for floorplan finance lenders since they don’t have complete control over the vehicles on which the loan is secured.…
Read MoreWholesale Funders: Improve Your ESG Credentials and Reduce Your Carbon Footprint
As a responsible and forward-thinking automotive financing company, you will be looking for ways to reduce your carbon footprint and improve your ESG credentials. You may already have some initiatives in place, such as recycling or using green energy, but there is potentially more that you can do. This article will discuss opportunities for funders…
Read MoreDigitisation of the Vehicle Audit Process
We conclude this short series (you can read the previous articles here and here) with a detailed examination of how one particular aspect of dealer businesses, vehicle inventory management, is being transformed through digitisation and the use of artificial intelligence. Traditionally, inventory audits have been carried out manually, often by trained auto finance provider staff,…
Read MoreBoosting Growth Through Digitisation
Dealers are acutely aware of the challenges that these market movements bring and are, on the whole, ready and willing to invest in digitisation to ensure their businesses have ongoing relevance. For funders, some of which will have seen significant digitisation in other sectors within their portfolios, there exists an excellent opportunity to deepen relationships…
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