“If we deliver floor plan lending in a more efficient way, we’ll ultimately have more lenders for dealers,” says Vero CEO John Mizzi.

With fraud losses growing rapidly it begs the question: Exactly who should address the issue? The dealer? Lender? Technology service provider? The answer is most likely all of the above.

F&I products and wealth-building programs present a valuable opportunity for dealerships to diversify revenue streams and mitigate the impact of market fluctuations.

Near- and non-prime consumers are still shut out of car buying.

Drop in lease returns will likely drive up price of late-model used vehicles, says NADA’s Patrick Manzi.

With AI solutions, lenders achieve automation at scale efficiently, while reducing costs. The solutions also reduce manual processes, support compliance and quality, mitigate risk and deliver significant cost savings.

Speakers at NADA’s Auto Forum tackle high inventories, low gross profit concerns.