auto dealer in black and red logo
MenuMENU
SearchSEARCH

OnlineBKmanager Adds Full-Service Mailing Option

Citing an increase in bankruptcy filings, OnlineBKmanager.com announced the addition of a full-service mailing option for its active dealer clients.

August 10, 2019
OnlineBKmanager Adds Full-Service Mailing Option

 

1 min to read


PHOENIX — Citing the American Bankruptcy Institute’s latest report and resulting new marketing demands, OnlineBKmanager.com has announced the addition of a full-service mailing option offered exclusively to its active dealer base.

According to the American Bankruptcy Institute’s July 2019 Bankruptcy Statistics Report, year-to-date consumer bankruptcy filings have increased compared to the same time period in 2018. Nearly 450,000 U.S. households filed for bankruptcy protection in federal court between Jan. 1 and July 31. Of these, 63% filed a Chapter 7 and 37% filed a Chapter 13 bankruptcy.

In July alone, nationwide bankruptcy filings increased 3% over the same month in 2018. States with the highest 2019 increases are Hawaii (15%), Florida (10%), Nevada (7%) and New Hampshire (5%). Arizona, South Carolina, New York, Texas and Connecticut were not far behind with 4% increases each, all according to the report.

“Our dealer partners now have the ability to target BK customers the day after they file and discharge, at the first trade cycle after the BK and anywhere in between,” said Robert Davies, president of OnlineBKmanager.com. “We know 37% of our leads will buy within 30 days of discharge and most car buyers trade every four years. With this product addition, our dealers can easily and affectively target all consumers within the BK cycle.”

More Auto Finance

Industryby StaffAugust 15, 2024

The Risk When the Customer Is Not in the Dealership

Take this series of steps to help protect your business from fraud by this method.

Read More →
F&Iby StaffAugust 13, 2024

Auto Loan Access Keeps Falling

July conditions tighter for consumers despite average loan rate decline.

Read More →
F&Iby StaffAugust 12, 2024

Dealers Wary of AI in Auto Finance

Poll shows growing aversion to technology’s accelerating part in process.

Read More →
Ad Loading...
Auto FinanceJuly 25, 2024

Is the Death Knell Being Sounded for Dealer Financing?

There appears to be a regulatory target on auto dealer-provided loans.

Read More →
Industryby StaffJuly 24, 2024

Ferrari Calls Cryptocurrency Foray a Success

Carmaker will add the payment options in its European dealerships this month after introducing it in the U.S. last year.

Read More →
Industryby StaffJuly 16, 2024

New-Vehicle Affordability Is Up

June conditions, including best average loan rate in a year, make buying more likely.

Read More →
Ad Loading...
Industryby StaffJuly 12, 2024

Pandemic-Era Prices Affect Trade-Ins

New buyers, especially those with EV trade-ins, are feeling the brunt of depreciation as market normalizes.

Read More →
Industryby StaffJuly 1, 2024

Auto Credit Crunch Tightens

Borrowers taking on more debt, moving many into delinquent territory.

Read More →
Auto Financeby StaffJune 19, 2024

New Cars Within Easier Reach

Affordability metrics improved in May as lending costs ebbed, finances flowed more freely.

Read More →
Ad Loading...
Auto Financeby Hannah MitchellJune 13, 2024

A Good Deal

Rising auto loan delinquencies, though bad news, could be another opportunity for agents to help dealers come down from pandemic highs.

Read More →