http://thesubprimereport.com Relevant Topics In Special Finance Wed, 12 Nov 2008 20:00:43 +0000 http://backend.userland.com/rss092 en Hey everyone, It's come to the point that I cannot possibly devote the time and energy to contributing to this special finance blog and run my business. I keep promising myself and others, that kindly remind me that I haven't written for some time, that I am working on the ... http://thesubprimereport.com/looking-for-new-writers-to-contribute-to-thesubprimereportcom/ Hello there, It's been a while since I've posted, and to those who have been kindly prodding me to write again, I apologize. I've been swamped with the business of starting a business, and I've neglected this blog. I'd rather not write than write stuff that doesn't have substance, ... http://thesubprimereport.com/anyone-feel-like-talking-about-themselves/ Who's Your Daddy?  An Important Question for Special Finance Managers If you report directly to your General Manager, you're doing something right.  Or maybe your GM is doing something right.  If you report to your finance director, you need to change this.  You're not going to succeed to your potential until you do. I ... http://thesubprimereport.com/2008-special-finance-manager-survival-guide-part-three/ New Social Network for Special Finance Managers and other Industry Pros Before I get started on this post, I'd like to invite everyone to join  The Special Finance Network.  It's a social network specific to our industry.  Industry specific social networks are a great way to connect with people that share the same interests. I think it will ... http://thesubprimereport.com/2008-special-finance-manager-survival-guide-part-two/ The Economy is Bad.  Business is slow.  What Are You Going to do About It? I've been talking to a lot of dealers lately, and with very few exceptions, business seems to be way down (unless you're a Toyota dealer).  Even if your last name isn't Bernanke, it's not hard to ... http://thesubprimereport.com/2008-special-finance-manager-survival-guide-part-one/ Special Finance Lenders Taking Back a Lot of Cars  I noticed that the cover story in USA Today's Money section says: "Repo Lots Overflow with Reclaimed Cars." The article states that repossessions are at their highest level in ten years.  There were 1.6 million repossessions in 2007, which is a third higher than ... http://thesubprimereport.com/special-finance-loans-are-defaulting-repo-lots-are-overflowing/ The Cobalt Report Shows that Online Shoppers are the Majority The most important take-away of the 2007 Cobalt eBusiness Dealer report is that our industry has transformed from a largely offline industry into a primarily online one. More than 80% of auto shoppers start their shopping efforts on the internet, ... http://thesubprimereport.com/the-retail-auto-business-is-firmly-an-internet-business/ On Tuesday the Cobalt Group and Yahoo put together an online webinar where they reviewed their 2007 Dealer eBusiness Performance Study. The webinar lasted about one hour. Today I'm going to give you my notes from the hour long presentation. Tomorrow I'm going to start a discussion on what ... http://thesubprimereport.com/internet-leads/ Does Your Special Finance Department Make Credit Decisions? If you run a special finance department at an auto dealership you're looking at bad credit all day. If you have any traffic at all, several times a day you're also making decisions about which subprime lenders to send your customer's ... http://thesubprimereport.com/special-finance-department-ecoa/ The Reuters Auto Summit was recently held in Detroit Michigan. Experts at the summit predicted sales in 2008 would slip to 14.5 million units, which is the lowest since 1998. I thought I'd put together some video which covers some of the topics covered by industry experts. ... http://thesubprimereport.com/reuters-auto-summit-review/