We are now witnessing one of the largest increases in auto loan delinquency rates on record. According to Transunion, we are witnessing an increase in auto delinquency rates not seen since before 2010. Bloomberg reports that the default rate has already increased in 2016, with 12.3% this past January, up from 11.3% in the prior month […]
Top 3 Ways to Protect your Profits from Auto Delinquencies Read More »
The question that dealers and lenders ask themselves every time they close a loan application with a car buyer, especially if he/she is a subprime loan borrower, is: “Will this loan opportunity bring profits or bring demise to my business operations?” But really, the question that should be asked is: “How do I better manage
Subprime Loans: High Profit or High Risk Opportunities? Read More »
Rising auto delinquencies are a recent growing trend in the auto finance, especially in the subprime loan sector. This infographic summarizes the recent news surrounding the trend, its consequences, and also how GPS vehicle tracking has been shown to reduce the number of delinquencies and give returns on capital increase. Learn how you can save
[Infographic] Rising Delinquencies & the Subprime Auto Loan Market Read More »
Spireon, the leading provider of GPS telematics solutions with over 2.5 million connected vehicles, will be attending the National Automobile Dealers Association (NADA) 2016 Convention. Stop by booth #4512C at the event to learn how Spireon effortlessly drives profits while improving operational efficiencies for both used and new car dealers. Spireon will be showcasing their suite of GPS tracking
Spireon Attending NADA 2016 Convention Read More »
Today, we have released our newest solution, GoldStar Enterprise, a next generation GPS vehicle tracking and Collateral Management System (CMS) that has proven to help auto finance professionals increase their loan portfolio performance by up to 20 percent. According to Trans Union credit services, overall auto delinquency rates have hit their highest rates since 2010 while the delinquency
Spireon Introduces GoldStar Lender for Auto Finance Professionals Read More »
What is the Internet of Things (IoT)? The Internet of Things is about connecting things that need monitoring to those that are managing them. There are many things, from small to large, that can be connected. Some of these things could be your home appliances and utilities, work machinery, industrial systems, cars and many others. At
How Spireon Delivers Rich Data Analytics through the IoT Read More »
Spireon, the GPS telematics industry leader with over 2.5 million secured vehicles, will be present at the 2016 AFSA Vehicle Finance Conference & Exposition. Stop by our booth at AFSA and learn how to protect and expand your portfolio with Spireon’s game changing platform. When:Tuesday, March 29, 2016 to Thursday, March 31, 2016 Where:Caesar’s Palace, Las
Spireon Attending American Financial Services Association (AFSA) 2016 Annual Conference Read More »
Today’s subprime lending climate is always changing, and recent news indicate that there have been higher rates of auto delinquencies and defaults. Outstanding loan debt in the U.S. reached its $1 trillion dollar mark at the end of 2015. And subprime annualized losses are now projected to be at 10% for 2016 (compared to 8.72% in
Vehicle Finance: Drive Results with GPS Vehicle Tracking Read More »
2015 was a record breaking year for the US auto industry. Overall auto sales reached all-time highs, with over 17.3 million vehicles sold last year. Unfortunately, this fantastic news also comes with one of the largest increases in auto loan delinquency rates on record. Check out a few recent findings from the Federal Reserve and Transunion:
Auto Loan Delinquencies on the Rise: Are You Prepared? Read More »
There’s a lot of talk and speculation about connected cars and what’s to come as a result of them. But what do consumers really think and want from a connected car today? We wanted to know whether or not consumers knew what a connected car was and what kind of features they would want in
What Consumers REALLY Want in a Connected Car Read More »
