In the ever-evolving world of automotive technology, innovation is key to enhancing vehicle performance, safety, and efficiency. Auto Note Solutions (ANS) continues to lead the way with its groundbreaking OBD-II Shield, a sophisticated device designed to revolutionize vehicle monitoring and security. In this blog, we delve into the capabilities and benefits of ANS's OBD-II Shield, [...]
In today's competitive automotive industry, customer relationship management (CRM) systems are becoming indispensable tools for dealerships and manufacturers alike. These software solutions streamline the sales process, enhance customer satisfaction, and drive business growth. In this blog, we'll explore the top five benefits of implementing automotive CRM systems and how they can transform your dealership operations. [...]
In today's rapidly evolving technological landscape, the automotive industry stands at the forefront of innovation. From electric vehicles to autonomous driving systems, the future of automobiles is being shaped by advancements in software technology. In this blog post, we'll delve into the key trends and innovations driving the future of automotive software. 1. Electric Vehicles [...]
Autonomous vehicles (AVs) are poised to revolutionize the transportation industry. As technology advances, the economics surrounding AVs become increasingly compelling. This blog delves into the cost savings, efficiency gains, and market disruptions associated with the rise of autonomous vehicles. Cost Savings 1. Reduced Labor Costs One of the most significant economic impacts of AVs is [...]
Autonomous vehicles (AVs) represent a frontier in automotive technology, promising to reshape transportation through enhanced safety and efficiency. However, as these vehicles move from test tracks to city streets, they bring with them a complex array of ethical dilemmas. These challenges span from safety and privacy concerns to the nuanced decision-making processes that machines must [...]
The auto financing landscape is evolving rapidly, with Buy Here Pay Here (BHPH) dealerships at the forefront of adopting new technologies to stay competitive and manage risks effectively. Car tracking solutions have emerged as a pivotal tool in this domain, offering a range of benefits from enhanced security to improved portfolio management. Let's explore the [...]
According to a recent report provided by Experian in 2015, buy-here, pay-here (BHPH) dealers have lost about 40% of market share to subprime finance companies, credit unions and franchised dealers. This market disruption is leaving but one choice to BHPH dealers: in order to survive today you have to have financial flexibility and capital availability. In [...]
FORT WORTH — The Consumer Financial Protection Bureau’s approach to any market, in reference to the larger participant rule, “is pretty consistent,” Calvin Hagins, the CFPB’s deputy assistant director for originations in the Office of Supervision Policy told attendees at the Auto Finance Risk & Compliance Summit Monday. “The objective is to get an understanding of [...]
Moving to a flat-fee model for dealer compensation would make it “cheaper to get business,” but would lower the amount of deals Texas Dow Employee Credit Union would close with dealers in its market, said Chuck Smith, TDECU’s senior vice president and chief lending officer. “ I would love for everybody to go to a [...]
Online marketplace lender Avant Inc. will now offer direct-to-consumer auto refinance loans, the company announced today. The new auto loan product will initially launch in California, and is expected to be live in Illinois and Georgia by early in the second quarter, with a national rollout expected by the third quarter, according to Avant. “Today’s middle-income consumers have to often settle [...]
