With auto loan originations slowing and delinquencies rising, especially in subprime, you might not think now is a time of opportunity. You also might not think of customer management and collections as levers for boosting both profit and growth. Yet now is an ideal moment for auto lenders who can nimbly apply data analytics to lifecycle decisions to pull ahead in the marketplace. Creating proactive strategies for customer retention, cross-sell, predelinquency and collections, you’ll not only reduce costs, but produce more profit, even from riskier relationships.
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