Why isn’t there a Fico score for measuring dealerships? Auto finance companies use several different tools like D&B, LexisNexis, and AutoCount to measure dealerships. Sophisticated companies go further and build their own scorecards. While figuring out which dealerships are healthy and reliable is a common goal, the industry approaches this problem in a very fractured manner.
Clearly there is demand to rate dealers consistently. If there was a benchmark score that predicted credit risk, or related “out of business” risk, it would be very valuable. General Forensics is working it. In the charts below, they share simple practical signals you can start using today. General Forensics argues the lift you will see from these signals will drive interest in their comprehensive multi-factored risk model and the other dealership and collateral monitoring services they offer.Like This Post