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When asked where to get an auto loan, a credit union might not be the first answer. But, credit unions are in fact a quite popular choice for auto loans. Credit unions often offer: lower interest rates, more flexible repayment terms, and more flexible credi [...]
With increasing fraud, consumer affordability issues and an uncertain EV market, where is the auto industry headed? In the latest episode of the Market Pulse podcast, we took a deep dive into the evolving automotive industry with Steve Greenfield of Automotive Ventures, [...]
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Economic uncertainty and fears of a recession are prompting auto dealers to think creatively about t [...]
Shift into high gear In our energetic February 2024 Market Pulse webinar, our experts p [...]
During our February Market Pulse webinar our guest speakers presented an update on how the aut [...]
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When asked where to get an auto loan, a credit union might not be the first answer. But, credit unions are in fact a quite popular choice [...]
With increasing fraud, consumer affordability issues and an uncertain EV market, where is the auto industry headed? In the l [...]
80 percent of today’s consumers think that new car ownership is out of reach for them*. Pair this with continuing high interest rates, v [...]
Clarity around delinquency is a huge topic in the automotive industry and for lenders delinquencies can have a real impact on the bottom [...]
As we are solidly into 2024 Q1, it is the perfect time to reevaluate our financial resolutions. We are living through a K-shaped economy. [...]
Shift into high gear In our energetic February 2024 Market Pulse webinar, our experts presented a roadmap for driving success [...]
During our February Market Pulse webinar our guest speakers presented an update on how the auto industry is faring given this environm [...]
As the automotive industry evolves, it is important to keep track of the latest trends and innovations to stay ahead of the curve. That is [...]
Affordability is a buzzword that echoes through the economic landscape. In episode 37 of the Market Pulse podcast, Equifax [...]
Nobody likes wasting time and money…and yet, insurance carriers present rate quotes for home and car insurance without knowing their rea [...]
During the final Market Pulse webinar of 2023, we took a look at the past year’s economic and consumer landscape and then presented an e [...]
As inventories begin to return to pre-pandemic levels, dealers must continue to find ways to improve customer experience and personaliza [...]
We are in uncharted economic territory. This month’s Market Pulse webinar is a must-listen to get ahead of the economic fluctuations we [...]
This is the first of a two-part blog series. Look out for the second article to learn how lenders can prepare to address student loan risk [...]
In today’s world of lean teams and tight budgets, lenders need to make smart choices about how they divide resources, prioritize efforts [...]
In a murky and mysterious economic landscape, there can be uncertainty and hesitation. In July’s Market Pulse webinar, we discussed key [...]
Introducing innovative solutions to the customer experience in the auto industry is critical. The events of the past few years, including [...]
Here’s a thorny question…and your response may impact the future of your business in today’s uncertain economy. Is your customer data he [...]
With global supply chain delays disrupting the automotive industry’s inventory, some companies have resorted to turning away buyers simply [...]
Do you know your customers? Current economic environment impacting affordability: continuing supply chain roadblocks, inflation [...]
Differentiated data: Even more critical in 2023 Supply chain challenges continue to put a strain on inventory supply for aut [...]
Over the last few years, the automotive industry has faced many challenges. The pandemic along with ongoing inventory shortages have inc [...]
The future is uncertain, and success or failure is not predetermined They say nothing in life is certain, and as we head into [...]
It's shaping up to be an uncertain year for the automotive industry. Over the last two years, severe inventory constraints led to record [...]
We’re talking weeks, not months, or years A lot of businesses feel “stuck” in today’s uncertain market, unsure about how to get [...]
During our January 2023 Market Pulse Webinar, "Hidden Risks & Hidden Opportunities,” we explored how the automotive industry [...]
Big banks are flush with data and analytic resources. Optimizing their credit risk models is a seamless, efficient process. It’s [...]
The automotive industry has faced many challenges this year. Automotive dealers have fought inventory shortages, rising interest rates and i [...]
I’ve spent my career in the automotive industry, and lately I’ve noticed a pattern. Data is critical for relevant marketing, but in rece [...]
The Changing Landscape of Fraud New and old fraud schemes are impacting all parts of the car buying journey. Dealers and customers [...]
Differentiated Data is Even More Critical in 2022 Supply chain challenges continue to put a strain on inventory supply for auto manufacture [...]
Economic uncertainty and fears of a recession are prompting auto dealers to think creatively about their email marketing strategies. This, c [...]
During our August 11 Market Pulse webinar, our experts discussed details pertaining to the automotive industry, as well as, the latest econo [...]
During our August 11, 2022 Market Pulse webinar, presenter Jeff Jensen, Vice President at Keybridge went over the recent economic tr [...]
In automotive aftermarket businesses, people are at the center of each interaction. Yet, the landscape is continuing to evolve. Thus results [...]
It is no secret automotive businesses are currently facing low inventory. Supply chain delays are going on all over the world. This curr [...]
Recently, the automotive industry has faced challenges meeting consumer demand for better digital retailing solutions. Dealers, OEMs, and a [...]
Our industry leaders are constantly providing and sharing insightful knowledge on topics including factors impacting consumer behavior and b [...]
It’s no secret that digital retailing has been a hot topic in the automotive industry for the last decade. Dealers, OEMs, and a proliferatio [...]
Today, financial institutions need to be agile, fast, and flexible to keep pace with the changing market and customer dynamics. Digitizati [...]
Hint: Open the back door Strange times are fueling strange trends. It’s no secret that microchip production issues and ongoing [...]
The rate of change in the auto industry is accelerating. And it’s not powered by just one factor; it’s a complex mix of industry and societa [...]
Consumers and businesses need access to credit and lending to live and perform. Yet, 91.5 million consumers struggle to gain access to mains [...]
It’s no big news that today’s consumers are savvier than ever. They expect online interactions — and they better be seamless, or you risk lo [...]
In this recap of our August 5 webinar, “Market Pulse: Interpreting Current Auto Industry Trends,” Amy Crews Cutts, President and Chief Econo [...]
As most of the country opens back up, the Automotive Industry continues to see pent-up consumer demand, inventory shortages, and increases i [...]
Online advertising is a potent sales tool for automotive marketers. The industry’s digital ad spend is already soaring back to pre-pande [...]
Memorial Day weekend, the much-anticipated kick-off to the summer automotive sales season, is right around the corner. For most auto dealers [...]
While the economy recovers from 2020, there are several trends that demonstrate the automotive industry’s resilience. At NADA last month, I [...]
We captured key insights from the January 14 webinar, Market Pulse: Planning in a K-Shaped Recovery, featuring Cris deRitis, Deputy Chie [...]
The start of a new year holds both uncertainty and hope for an economic recovery. For our January 14 Market Pulse webinar, our panel of expe [...]
With a new president-elect and COVID-19 cases on the rise, businesses face some uncertainty as they plan ahead. The November 5 Market Pulse [...]
Differentiated Data is Even More Critical in 2020 Consumer spending has picked up slightly since the summer lockdowns across ma [...]
The latest advanced data technology and targeted marketing resources are poised to potentially make 2020 the most wonderful time of the (ver [...]
Who has the Financial Capacity to Buy this Holiday Season? During the holiday season, automotive ads and promotions used to be dominated by [...]
This Holiday Season, More People are Expected to Travel via Automobile The 2020 holiday season is expected to have drastically different tr [...]
Automobile dealers are displaying more cars on their lots as inventory starts to rise again. Despite this good news for dealers, consume [...]
Updated 5/11/2023: The White House declared the end of the Covid-19 Health Emergency May 11, 2023 so some of the details mentioned in th [...]
BHPH Lenders Need Alternative View of Customers' Ability to Pay It's paramount to keep sales moving during this time, not only for franchis [...]
Take Note of Positive Trends Marketers are having to pivot on a dime as companies cut budgets or redirect spending for sports and event mar [...]
The economic uncertainty caused by COVID-19 has impacted the automotive industry in complex ways. The entire auto ecosystem has been adaptin [...]
No doubt, the global COVID-19 pandemic has significantly disrupted industries across America, especially automotive. While an estimat [...]
Many auto lenders and dealerships are aware of the general risks associated with fraud. However, synthetic identity fraud is especially impo [...]
Authentication Strategies for Today’s Digital Age Carefully orchestrated authentication and identification strategies are critical in today [...]
FICO recently announced that its new FICO® Score 10 T, set to be released this summer, will include trended data. With this new opti [...]
It’s no secret that big data can spur innovation — even disruption — but it can also complicate marketing initiatives. Only about 22 percent [...]
Risk models eventually become less predictive or relevant due to evolving market conditions. New and improved versions routinely replace the [...]
Approximately $12 billion has been stolen by identity thieves over the past six years[i], and consumers are increasingly aware of its risks. [...]
In today’s business environment, auto lenders need data to get ahead. But not just any old, raw data – it has to be standardized data. That’ [...]
Auto Leaders Want to Make Car Buying Easier Leaders of the National Independent Auto Dealer Association (NIADA) met in Las Vegas this summe [...]
Synthetic Identity Fraud is a Growing Threat We've said it before, and we'll say it again: Synthetic identity fraud is one of the most cunn [...]
Identify Upward Mobile Customers Imagine if you could predict which prospects and customers would become your most high-spending, loyal pur [...]
The Oldsmobile Toronado was one of the most popular cars in America in 1977. It had a T-Top roof design and a powerful engine – quite differ [...]
Synthetic IDs are Like Digital Frankensteins Halloween is always a fun time of year. It inspires a childlike excitement in us a [...]
Auto Dealers and Lenders Still Unclear on MLA We all respect and value our service members, and what they do to protect our f [...]
Synthetic identity fraud is a well-organized activity of fraud rings looking for ways to create and then nurture fake identities over a [...]
Without proper insight into dealership behaviors, loan performance, and the competitive landscape, it’s difficult for auto lenders to assess [...]
By: John Giamalvo, VP, Dealer Services, Automotive Elements of the car shopping process have certainly moved upstream to the consumer over t [...]
Auto lenders and dealers want more knowledge and faster information about their markets and customers—on and off the lot so they can quickly [...]
After a long day of work, it is unlikely that you will find Millennials standing around reading their mail the way that Boomers might. In fa [...]
Equifax recently announced that Westlake Financial, a privately held financial company that specializes in the acquisition and servicing of [...]
Today, the average car buyer spends nearly 70 percent of the total purchase process online, rapidly clicking their way to exactly what they [...]
An uncertain economy might scare some marketers, but for others, it presents an interesting opportunity to adopt a new perspective. In the p [...]
Equifax BusinessConnect™ for Marketing Optimizes Sales to Current Customers Upselling and cross-selling are easier said than done. To do it [...]
While TV has long been a fantastic way to deliver messaging to a wide audience, marketers have recently been attracted to new methods that a [...]
Last week, our auto experts headed to New Orleans, LA for two large shows –the American Financial Services Association (AFSA) Vehicle Expo & [...]
Better assess subprime opportunities by looking at data and attributes that are often more predictive than traditional credit scores Most o [...]
Young buyers represent significant risks and opportunity for dealerships. Their life situations and limited credit history calls for some fr [...]
If you're a VP of sales or marketing, or you head up the risk group in your auto lending organization, you're faced with the constant need t [...]
For advertisers targeting auto buyers online, the challenge is to cut through the clutter and noise and drill down to pathways of opportunit [...]