Effective December 15, all financial institutions including BHPH dealerships, are required to adhere to the new CECL accounting changes. For those dealerships with aggressive plans for growth, these changes could prove burdensome. For all dealers, you’ll need to get your accounting ducks in a row to comply with the new changes. What is CECL? CECL …
Time’s Up! CECL Changes are Here, Compliance is Mandatory Read More »
The post-pandemic narrative about non-prime borrowers and their impact on the independent auto dealer goes something like this: Federal stimulus monies during the pandemic artificially inflated disposable incomes and helped many consumers pay down debt and buy new and used cars. Supply chain snarls choked the availability of chips most vehicles depend on just as …
Agora Data’s Steve Burke on New Technologies Providing Solutions to Successful Loans Read More »
Chris Barry joined Lou Ramirez and Fred Lenartz of the Car Guy Coffee Podcast at NIADA’s 2022 Buy Here Pay Here Super Forum in Austin to discuss the state of the BHPH industry, good loan underwriting, and current economic conditions affecting auto dealers. “You’re losing three or four grand a copy when you do a …
Agora Data’s Chris Barry Joins The Car Guy Coffee Podcast to Discuss the BHPH Industry Read More »
Agora Data, Inc., the FinTech company transforming automotive financing by providing U.S. independent auto dealers and finance companies precision loan performance analytics and access to ample, affordable capital, closed a $100 million revolving credit facility with Credit Suisse Group AG. This latest transaction facility allows Agora Data to accelerate and expand its ability to deliver …
Agora Data Secures $100M Credit Facility From Credit Suisse Read More »
We are honored to be among Auto Remarketing’s AR500 2022’s “Most Influential Companies” for the second year in a row. View The full Auto Remarketing’s August2022 edition here.
Agora Data brings modern tech to auto lenders What do you get if you take decades of experience in the automobile and finance industries and merge it with a quality machine learning model? In Steve Burke’s case, you get Agora Data, a company that helps any size of auto dealer compete with the big corporations …
Steve Burke on Bringing Modern Tech to Auto Dealers in Interview with Fintech Nexus News Read More »
Significant changes are coming to Current Expected Credit Losses (CECL). Jim Bass from Agora Data joins hosts Steve Levine and Richard Hudson on the Ignite Consulting Partners webinar to discuss what’s coming and how it will affect your business. Listen to the full webinar below.
Remember 2020? Inflation was low, lockdowns were the norm, and the U.S. government handed out stimulus money like candy. The COVID-19 pandemic was a true black swan event that changed the rules of the auto industry – temporarily, that is. You can only put off the inevitable for so long. Take a look at the …
Agora Data’s Matt Burke Explains How to Thrive During an Economic Storm Read More »
More than 3,000 years ago in the Valley of the Shephelah, the Philistine army attempted to invade what is now Israel. The Israelites met the Philistines and the conflict soon reached a state of gridlock. So the Philistines proposed that each military send its most fearsome warrior to engage in one-on-one combat. The outcome of …
How Data and Artificial Intelligence Help Independent Dealers Fight Goliath – and Win Read More »
Lawrenceville, GA (June 15, 2022) – Black Book, known in the automotive industry for providing timely, independent, and precise vehicle pricing and analytics, today announced the integration of its VIN-specific valuations and insights into the Agora Data product suite.
Get access to unlimited, low-cost capital to use any way you want. See if AgoraCapital would benefit your business.