Make data-driven decisions, reduce risk, and better align your lending services with consumer demand.
Lenders can use Cross-Sell vehicle sales data to refine their credit scoring models. By considering factors like the make and model of the vehicle, historical sales performance, and resale values, you can assess the creditworthiness of borrowers more accurately.
Lenders can also use sales data to calculate LTV ratios, which help determine the risk associated with a loan. Vehicles with better resale values and historical demand may result in lower-risk loans.
Financial institutions can create loan products specifically designed for the purchase of vehicles that are in high demand, offering competitive interest rates and terms to attract borrowers.
Based on the popularity of certain models, lenders can design lease and financing offers that are aligned with consumer preferences.
Sales data can help lenders diversify their loan portfolio by adjusting the mix of loans they offer to mitigate risk. They can choose to finance vehicles that have historically shown lower depreciation or higher resale values.
With Cross-Sell sales trends, lenders can use vehicle sales data to anticipate seasonal fluctuations in the market and adjust their portfolio accordingly.
Vehicle sales data can help lenders identify regions with strong auto sales and increasing demand. This information can inform expansion plans for opening new branches or targeting customers in those areas.
Lenders can use sales data to identify successful dealerships or manufacturers and explore partnership opportunities to offer financing to customers of these popular brands.