Subprime lending is alive and well on Wall Street, and not just in real estate. Low interest rates and less consumer demand are prompting brick-and-mortar and online lenders to tap into subprime auto finance more than ever before. Rather than focus on this increased competition for indirect loans, auto industry experts recommend that BHPH dealers focus on operational efficiency and alternative sources of revenue. Dealers who improve cash flow through after-care products and customer retention can ride out the subprime boom. As a bonus, a more efficient dealership will be less reliant on working capital financing in the future.
Related Topics
Auto Dealerships
Does Your RFC Make you an IRS Target?
Auto Dealerships
Using Debt to Increase Cash Flow in Auto Dealerships
Auto Dealerships
Customer Service: A Better Approach to BHPH Cash Flow
Auto Dealerships
How to Add More Structure and Scalability to your BHPH Dealership
