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How LPR is Helping with Auto Recalls

Since 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.[1] When an auto manufacturer launches a recall, they often start with mail campaigns using public data and vehicle sales records. This can be successful with newer vehicles and those that haven’t changed owners – these are the easiest vehicles to find. However, older models and vehicles that have changed hands are harder to track down, and traditional mail campaigns using vehicle owner records typically aren’t successful. This is where license plate recognition (LPR) can

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How Repwest Succeeds Using LPR Data for U-Haul

As North America’s premier commercial license plate recognition (LPR) data provider, we offer the richest data set and analytics available. For insurers, our extensive database of 18 billion license plate scans – which include addresses and date/timestamp – can play a major role in fraud cases from vehicle location to

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The Evolution of Risk Scoring

The Sooner, the Better: How Risk Scoring Became a Powerful Pre-Repo Tool DRN data has long been used in collections and repossessions to find more vehicles faster. We believed this data could be just as powerful for lenders as they scored loans and considered when to assign a vehicle for

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Pre-Repo Risk Scoring is a Win-Win for Lenders & Borrowers

One of DRN’s first enterprise clients was a large automotive captive finance company. They were long-time users of  DRNsights’ vehicle location data in their repossession processes but wanted to brainstorm how they might use it pre-repo to make better repo decisions. We partnered with this client  to pull DRN data

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Protecting Your Property and Your Business with LPR

DRN participated in the Loss Prevention Research Council IMPACT Conference earlier this month. This virtual event brought together retailers and providers of security and anti-theft solutions. As a relatively new player in the loss prevention space, it was a great opportunity for us to learn about how our license plate

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Supporting Repossession During COVID-19

Everyone has felt the impact of the COVID-19 pandemic, and DRN is no different. We had to shift gears quickly to adjust to changes in the industry, including: Fewer cars on the road due to stay-at-home orders and business/school closures (meaning fewer vehicle scans); Lenders deferring payments and repossessions by

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DRN Discusses Location Data Trends Ahead of Virtual AIS

DRN’s Jeremiah Wheeler, EVP and General Manager, joined a recent discussion on the Auto Remarketing Podcast. Jeremiah provided perspective on how the COVID-19 pandemic has affected location data gathering and how DRN had to quickly shift its strategy and processes to maintain the volume of data needed to meet ongoing

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How DRN Can Power Your Post-Pandemic Reopen Strategy

As our nation begins to move slowly toward recovery from the COVID-19 shutdown, businesses are shifting their focus from the financial and other implications of temporary closures. The new focus is on developing “Reopen Strategies” that will allow our industry to slowly push toward normalcy. DRNsights data can play a

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Webinar Recap: Lenders Navigating COVID-19

DRN hosted a webinar in April to share perspectives from the vehicle finance industry about how the current COVID-19 environment is changing how they do business.  We heard from Jan Stieger, Executive Director of the Receivables Management Association International (RMA Intl.), a receivables trade association. Jan discussed that the COVID-19

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DRN Statement on Coronavirus (COVID-19) Response Preparedness

DRN continues to closely monitor the widespread impact of the coronavirus (COVID-19) pandemic. The safety and well-being of our employees, customers, partners and suppliers remain our top priority. Additionally, we are committed more than ever to supporting the critical communications, safety and security needs of our public safety and enterprise

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How Are You Staying Compliant with Active Duty Servicemembers

New OSA Report Cites Complaints Against Auto Lenders from Servicemembers The Office of Servicemember Affairs (OSA) recently released their 2018 Annual Report, which details complaints that have been submitted by servicemembers throughout the year. According to the report, there have been many complaints received about vehicle loans, which included: Late

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