- * The surge in subprime auto lending & lack of caution resembles the subprime mortgage market of years past.
- * Subprime auto loans have increased 130 % in last five years.
- * Investors are pouring tons of money into the subprime market.
- * Loans are then bundled as bonds & securities for sale to insurance companies and mutual funds.
- * Several loan cases where interest rates exceeded 23%.
- * In spite of warnings, subprime volume was up 15% to $146 B in 1st Qtr.
“Are Five Liner Dealer Leads Going Away?”
Lead generation is not going away because companies like Autobytel are delivering quality prospects to dealers by increasing the contact points with text lead-gen delivered on cell phone platforms. Mobility is a big driver of dealer leads and consummated sales.
Watch now for more info.
News You Need to Know
Upcoming Industry Events
MBS Car Management Briefing SeminarsThe Grand Traverse Resort & SpaTraverse City, MI08/05/2014
Lease-Here-Pay-Here SeminarLeedom OfficesSarasota, FL08/06/2014
Variety’s Tune-In: The TV Summit 2014Intercontinental HotelCentury City, CA
John HoltVP of Business DevelopmentLotLinx - 12/31/1969LotLinx, developer of the auto industry’s first direct-linking technology platform that connects car shoppers directly with dealership websites, is pleased to announce the appointment of John Holt as vice president of business development. Holt joins Dean Evans, Steve Pace and Jim Bauman on the executive team and will play an integral part of the company’s success strategy for 2014 and beyond Before LotLinx, Holt founded the highly-successful agency JWH Consultancy, helping companies within the automotive space develop and bring their products to market rapidly. Prior to JWH, Holt served as the director of business development at AutoUSA, a subsidiary of AutoNation, helping bring products to market and the inside and outside sales teams together to significantly impact the company’s bottom line during his tenure. Holt’s AutoUSA experience came as a direct result of his time at AutoNation eCommerce. As vice president of business development, John will be responsible for growing the company’s inventory network, as well as developing partnerships with dealership groups and resellers promoting the LotLinx Vehicle Display Network. LotLinx is the first ever VIN-specific inventory advertising technology that links consumers shopping on over 135 popular automotive research sites directly to the dealership’s vehicle display page (VDP).
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Chuck Parker at
or (310) 265-2225 to learn more.