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All ADM Blog Posts Tagged 'credit' (28)

How to Leverage Three Credit Trends Affecting Auto Sales

2013 is shaping up to be a good year for auto retailers, with sales expected to top 15 million for the first time since 2007. Several contributing factors to this success are credit-related, with more consumers qualifying for loans, lengthier terms and rising interest rates.

 

In its June 2013 State of the Automotive Finance report, Experian documents that subprime loans are on the rise again and that consumers within all credit tiers were able to obtain financing in Q1…

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Added by Josh Vajda on August 27, 2013 at 9:54am — No Comments

No Credit Check Financing News

No Credit Check Financing 

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Added by JB Floyd on May 28, 2013 at 9:30am — No Comments

Self Funded In House Financing Can Present Legal Snares

What legally defines a merchant who uses a self-funded, in-house financing program?  Any merchant extending credit of any kind to one or more of their customers is this type of merchant, whether they realize it or not.

 

They may be running an in-house financing program using their own money, or they may simply be allowing a customer they’ve known for years to pay a few days late which constitutes…

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Added by JB Floyd on May 26, 2013 at 9:30am — 1 Comment

Business Development Centers: The Most Accountable, Measurable Department

In today’s market, many dealerships are leaking money. They are unknowingly minimizing, rather than maximizing, the effectiveness and profitability of their marketing efforts. The source of this leak is a brilliant invention more than 130 years old. It is also the instrument used for endless marketing efforts, oftentimes by some of lowest paid

(and least trained) employees in a company. I am referring, of course,

to the telephone. The good news is this leak can be…

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Added by Glynn Rodean on July 2, 2010 at 11:00am — No Comments

Banks Unable to Differentiate Between Profitable Auto Dealers and Auto Industry

Banks are unable to differentiate between successful car dealers and the automobile industry. treating all dealers the same, assigning high risk labels to everyone, and looking for reasons not extend floor plans and thereby penalizing the successful car dealers in order to balance out their concern about exposure. Successful dealers that depend on borrowed money to grow their inventories, their companies, and ultimately the economy, are unable access… Continue

Added by Grant Cardone on September 2, 2009 at 9:00am — 1 Comment

The Almighty Salesperson...And The Almighty Dollar

Somewhere, over time, the thing in the middle of you and a buck (customer, client, deal, contract) was swept away even though that is was business is all about. It seems like the easy ride, free equity, huge perks and general "asleep at the wheel" mentality gave way to a gaping hole the size of a small planet. And guess who allowed it to happen? We did.



You can give excuse after excuse, allow yourself all of the credit in the world, but at the end of the day are you going to make it… Continue

Added by Gary May on June 1, 2009 at 2:13pm — No Comments

Cardone Proposes Bill to Assist Auto Dealer

AUTO DEALERS CRITICAL TO YOUR CITY’S TAX REVENUE

by Grant Cardone



Retail auto dealers are critical and vital to the survival of your city, county, and state tax revenues. This country’s economy is ultimately more dependent upon the survival of your local auto dealer than even the much publicized auto manufacturers. Without dealers buying and selling product no plan to assist the manufactures will be successful.



Auto dealers generate the much needed revenue to city,… Continue

Added by Grant Cardone on February 5, 2009 at 3:30pm — 7 Comments

The Step You Cut Out In 2009...Might Be You

Fact is, more often than not, when you cut corners in sales the one that is affected most is you. It is also a fact of business life that we're replaceable, as I've experienced myself. Why is it then that most people don't typically go the extra mile, especially when it is so needed?



This is not to say that there are not plenty of go-getters out there. Today it is critically important to think about making the most of every opportunity, especially with fewer prospects and less… Continue

Added by Gary May on January 2, 2009 at 12:34am — No Comments

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