André-Martin Hobbs, Author at DecisioningIT

Experian: Average used financing amount jumps 20% in Q3

SCHAUMBURG, Ill. – By SubPrime Auto Finance News Staff. Access the Experian State of the Automotive Finance – Q3 2021 presentation here. More evidence of how rising wholesale and retail prices are landing within finance company portfolios arrived on Thursday. According to...

December 2, 2021

Baris Akyurek of TRADER Canada had some good news to share with Canadian dealers

During a video presentation at the Auto Dealers Innovation Series, Baris Akyurek of TRADER Canada had nothing but good news to share with Canadian dealers. Source: AutoSphere – The speaker, who is passionate about the economy and the automotive industry,...

December 2, 2021

Following sale close, Exeter expands origination program

Automotive Finance Non-Prime Financing

Following sale close, Exeter expands origination program

By SubPrime Auto Finance News Staff IRVING, Texas – Exeter Finance is closing the year with a pair of notable developments announced on Tuesday. The finance company that specializes in subprime paper said it will extend its underwriting reach into the near-prime...

December 1, 2021

AutoVerify partners with iA Dealer Services

LONDON, Ontario – Source: AutoRemarketing Canada. AutoVerify announced earlier this month that it has integrated iA Dealer Services products into its AutoVerify Spotlight piece of its digital merchandising solution. This partnership is designed to help dealers boost F&I penetration. AutoVerify said it...

November 30, 2021

Digital Retailing

Dealers still stop short of full digital retailing implementation

IRVINE, Calif. – The title of a new report from eLEND Solutions included a question likely being pondered by dealerships and finance companies, “In the Post-Pandemic New Normal, Where Does Digital Retailing End?” The automotive fintech innovator highlighted that digital retailing capabilities...

November 29, 2021

Andre-Martin Hobbs of DecisioningIT Named as a Top 100 Auto Finance Innovator in 2021 Auto Finance Innovators Award

Automated Decisioning Automotive Finance Automotive Lending Digital Retailing F&I Latest News

Andre-Martin Hobbs of DecisioningIT Named as a Top 100 Auto Finance Innovator in 2021 Auto Finance Innovators Award

November 17, 2021 – DesisioningIT announced today that Andre-Martin Hobbs has been named as a Top 100 Auto Finance Innovator in the 2021 Auto Finance Innovator Awards which recognizes auto finance professionals who have made significant technological contributions to their...

November 17, 2021

Clutch raises $100 million to transform the used car buying experience for Canadians

Digital Retailing

Clutch raises $100 million to transform the used car buying experience for Canadians

TORONTO, Nov. 16, 2021 /CNW/ – Clutch, Canada’s first online car retailing platform, announced today that it has raised CAD $100 million Series B equity financing to provide Canadians with an unparalleled, online experience for buying pre-owned cars. This most recent financing round is led by D1...

November 16, 2021

F&I

MotoRefi rebrands as Caribou!

WASHINGTON, D.C. – Now that MotoRefi is more than just an auto refinance platform, the company has a new name, too. According to an announcement made on Wednesday, the company launched an expanded brand, as it’s now known as Caribou with a...

November 12, 2021

Non-Prime Financing

Axis Launches DriveAxis.ca

November 11, 2021 – Mississauga, Ontario – Axis Auto Finance Inc. (“Axis” or the “Company”) (TSXV: AXIS), a financial technology company changing the way Canadians buy and finance used vehicles, announced today the launch of DriveAxis.ca, a Direct-To-Consumer portal enabling customers...

November 11, 2021

CreditIQ deal gives Cars.com customers access to online F&I

Digital Retailing F&I

CreditIQ deal gives Cars.com customers access to online F&I

Cars.com is entering the auto finance market with the acquisition of CreditIQ, whose technology and digital retailing platform allow customers to receive online loan approvals and buy F&I products from dealerships. AutoNews – Cars.com is entering the auto finance market...

November 10, 2021