Car Dealers Set to Pay $5 for Each Ad on Craigslist
Dec24

Car Dealers Set to Pay $5 for Each Ad on Craigslist

According to Craigslist’s fact sheet the site receives more than 100 million classified ads each month (including reposts and renewals). The site also receives visits from 60 million US users every month, making it one of the most popular sites online. Even though the company has received some negative press due to some criminal activities, the platform is still used by a large number of people, mainly because the service is...

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Delinquencies, Repossessions Up in 2013, Experian Automotive Reports

Automotive loan delinquency and repossession rates increased in the first quarter of 2013, according to Experian Automotive’s latest State of Automotive Finance report. Thirty-day auto loan delinquencies rose 1.3 percent, 60-day delinquencies increased 12.4 percent and repossessions rose 16.9 percent when compared with the previous year. “Obviously, we never want to see a rise in delinquencies or repossessions, but when you compare...

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Why Bankruptcy Filers Are Great Prospects For Buy Here, Pay Here
Dec23

Why Bankruptcy Filers Are Great Prospects For Buy Here, Pay Here

With buy here, pay here a growing and potentially lucrative niche within the used car industry, dealers are able to explore which types of customers represent the best prospects for this specialized type of purchase and financing. What is the one market segment often overlooked?  Answer: 1.4 million Americans who fil bankruptcy every year.  But before you write them off as deadbeats, you should know the facts about them.  Bankruptcy...

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Tap Into Hispanic Market
Dec23

Tap Into Hispanic Market

By Jennifer Reed ATLANTA (Dec. 21, 2005) — As the U.S. population of Latinos continues to grow, the importance of tapping into this market segment for dealers is climbing, and quite simply, it makes good business sense for the bottom line. However, some dealers may find themselves scratching their heads in confusion, as they need to learn how to accommodate and attract folks from a completely different culture to their showroom...

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Steps to Starting and Managing a Successful Buy-Here, Pay-Here Operation
Dec23

Steps to Starting and Managing a Successful Buy-Here, Pay-Here Operation

Step #1: Understanding the business (including challenges and pitfalls) When run properly, the buy-here, pay-here (BHPH) business is very profitable. Even dealerships that are poorly managed can be very profitable for a while. If you are just entering or just contemplating entering the business, it is important to recognize right away that generating profits will not be your greatest challenge. Provided you are in a market with a...

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