ARLINGTON, Texas, October 19, 2021 – Agora Data’s Senior Vice President of Sales, Chris Barry, is slated to speak at the 2021 NIADA/NABD Automotive Finance & Expo. Barry will present “Groundbreaking Changes in Auto Financing to Fuel Growth” at 2:15 p.m. on November 2 in Orlando, Florida.
Barry will share how new and revolutionary ways of accessing capital can help dealers compete with online retailers and large used-car superstores. Agora is pioneering change in the auto finance industry by completing the first-ever crowdsourced subprime securitizations in December 2020 and May 2021. Agora plans to execute these transactions regularly, thereby permitting more and more dealers to tap into the capital markets.
“Unlike any other time in history, independent dealers are competing with mega-sized auto retailers who have the advantage of abundant capital with low rates and attractive terms. They may not know they have access to their competitors’ “secret sauce,” said Barry, who has more than 30 years of experience in auto lending, servicing, and ancillary products. “That’s why I’m excited to present at this year’s NIADA/NABD convention. I plan to spell out the most beneficial funding opportunities for independent and dealers, along with some bonus tips on leveraging robust data to improve loan portfolio performance.”
At the convention, Barry will also participate in the Contract Purchasers Capital Panel, moderated by Ken Shilson. During this panel discussion, Barry and other industry experts will reveal the pros and cons of obtaining funding via securitization, bulk purchase, or point of sale. Afterward, dealers can talk directly with Barry and the Agora team at the convention’s Finance Fair.
“It’s extremely rewarding to see the looks on dealers’ faces when they find out they can now enjoy the same financial advantages typically reserved for big retail operations,” Barry said. “Much like their customers, dealers are underserved and underbanked. But Agora is here to change that.”
Dealers are invited to drop by Agora’s booth #423 any day during the show to discuss the company’s groundbreaking capital solutions and learn how to access Agora’s completely free-of-charge, comprehensive portfolio analytics.
About Agora Data, Inc: Founded in 2017, Agora Data’s platform delivers a suite of tools to empower car dealers and finance companies to maximize their success. Agora disrupts and influences the industry by connecting its dealers and finance company members to Wall Street and other capital resources previously only available to large dealer groups. Agora Data’s family of auto finance products provides a wide range of critical funding paths so originators can obtain the cash they need to fuel growth. Powered by Agora’s proprietary, radical, AI-infused technology platform, originators now have access to robust data analytics and planning resources to help optimize the performance of their portfolio. Agora Data made history by closing the first-ever Crowdsourced Subprime Auto Securitization in 2020 and followed that up with its second transaction in early 2021. For more information, visit agoradata.com or contact us at 877-592-4672.