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Report Uncovers $4.7B Opportunity for Auto Dealers
Solving mismatched payment quotes can boost sales, profits
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SEARCHMENUSEARCHSolving mismatched payment quotes can boost sales, profits
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The company says it remains the largest auto lender as an aggregate for nearly three years.
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New- and used-vehicle averages jumped in late January, though they peaked in the fall.
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Artificial intelligence can be leveraged for faster approvals, easier underwriting, and speedier lender payments to dealers.
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Partners say integration enables delivery of personalized, accurate payment options to dealers.
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Consumers faced tighter conditions in the fall, though their overall outlook brightened.
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New-vehicle buying conditions far better than a year earlier as market shifts to the buyer.
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Dealers have a few more days to report sales tied to discounts. Agency offers help.
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Typically, the last week of the year is strong for retail sales, but this year with high interest rates and used vehicle prices on a steep downward decline so far this quarter, we will have to wait and see how the year finishes.
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Payment service providers discuss the growing importance of their offerings.
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