![]() Most often, these comparisons consist of identifying the changes between the last two years for the following: number of units sold, gross sales revenues (in dollars), outstanding dollars in their installment portfolio, and net income. With the close of another year, most Buy Here, Pay Here (BHPH) operators will evaluate last year’s performance by comparing their results with the past. NABD Announces Details of 13th Annual BHPH Conference in Orlando, November 1-3, 2016 Inventory availability continues to improve from auto bond repos, off lease and rental vehicles, and. Some of the deep subprime auto bond securitizations are not performing as projected and further deterioration is expected during the summer months.2. Recent indicators suggest that better subprime market conditions are ahead for Street and sold to investors who were seeking high investment yields. Much of this competition has beenįueled by billions of dollars from auto bond securitizations packaged by Wall Have seen fierce competition for deep subprime customers from credit unions,įinance companies and franchise dealers. Indicate that better days are ahead for the BHPH industry! The last 24 months OPPORTUNITY KNOCKS FOR BHPH DEALERS!By: Kenneth Shilson, President/Founder, NABDRecent developments in the subprime auto finance market Advantage GPS Starts a Revolution with Auto Industry’s First Wire-Free GPS Tracking Devices ![]() With an AgoraCapital crowdsourced securitization, subprime To Agora Data’s technology, direct access to the capital markets with moreįavorable financing terms was limited to only the largest institutional lendersĪnd auto dealers. $11,000 to more than $20 million into a single capital markets securitization. ![]() Through its use of artificial intelligence and machine learning, Agoraĭata aggregated numerous originators with portfolios ranging in size from The world of structured finance represents a quantum leap for Buy Here Pay Hereĭealers and smaller finance companies and their access to capital marketsįunding. announced the successful closing on December 29, 2020, of theįirst-ever crowdsourced auto securitization. PassTime Announces Third Generation Encore Device PassTime continues to innovate with a new generation of the battery-powered GPS platformĪgora Data Closes Breakthrough Crowdsourced Auto Securitization (ARLINGTON,ĭata, Inc. Agora Data met the rigorous and high industry standards set by the AICPA for information security to receive the SOC 2 Type II designation.“Agora Data has always prioritized the importance of protecting customer information. Agora Data’s SOC 2 Type II standard for information security was certified by an independent, trusted third party CPA firm on January 13, 2023.The SOC 2 compliance certification is an industry-recognized designation that further reinforces Agora Data’s ongoing commitment to automotive dealer customers, vendors, partners, and personnel connected to Agora Data’s systems. Accreditation Offers Additional Certainty to Agora Data’s Information Security PracticesARLINGTON, TX, Janu– Agora Data, Inc., received a compliance certification with the American Institute of Certified Public Accountants (AICPA’s) System and Organization Controls (SOC) 2.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |