In October last year, we hosted our first-ever DRN Virtual Showcase, which brought together experts from across the auto recall industry to discuss how effective and creative use of data and communication can improve auto recall completion rates. Our panelists included: Angel Preston – Formerly Director, Safety, Alliance for Automotive Innovation Dr. Stephen Ridella – Director, Office of Defects Investigation, National Highway Traffic Safety Administration (NHTSA) Neil Steinkamp – Managing Director, Complex Situations Consultant, STOUT Oscar Nunez – Executive Director of Product & Commercial Markets, DRN Background Since 2000, auto manufacturers have issued 679 million vehicle and equipment recalls.* Typically,
Partnership History: Premier Members Credit Union, based in Boulder, Colorado, began its partnership with DRN in 2017 after hearing success stories from other lenders. DRN’s Location Alerts tool quickly became an important piece in PMCU’s vehicle repossession process and one they relied on heavily as they expanded into other states.
Challenge: A car wash needed to improve target marketing efforts to reach new customers. This car wash operates several locations across the Dallas-Fort Worth area. Former marketing outreach efforts included mass mailing of coupons and special offers based on zip code alone. The business generated from these broad, untargeted efforts
Supporting Public Safety: How License Plate Recognition Data is Fueling Critical Auto Recall Efforts
Since the year 2000, 679 million vehicle and equipment recalls have been issued by Original Engine Manufacturers (OEMs).* On average, only 60-75% of these recalls are actually completed.* Traditionally, OEMs have relied heavily on limited Department of Motor Vehicle or insurance information to locate and contact the current vehicle owner to
License plate recognition (LPR) technology has been an important tool for the auto finance industry for decades, helping lending, collection, repossession, and insurance professionals track down vehicles and owners. DRN pioneered the unique combination of LPR data paired with powerful analytics to build full vehicle stories to help solve lending,
More than 300 enterprise lenders nationwide are using DRN’s Historical Data to lower their charge-offs and increase their recovery rates. If you’re looking to do the same, why not give it a try? DRN collects more than 220 million vehicle license plate scans every month, covering two-thirds of the U.S.
All DRN clients receive training on the DRNsights suite when they begin using our platform. This includes both how-to’s for Address Scoring, Location Reports, Location Alerts and Loss Alerts, but also demos of and education about what these products can do for their business. We also offer ongoing training as