André-Martin Hobbs, Author at DecisioningIT

AutoFi valuation approaches $700M with SCUSA investment

AutoFi valuation approaches $700M with SCUSA investment

Fueled in part by an auto finance company that’s been one of its clients since 2018, AutoFi announced on Monday it has closed $85 million in funding valuing the company at nearly $700 million. One of the first Emerging 8 honorees...

March 7, 2022

TD to acquire First Horizon with eyes on fertile Southeast market

Automotive Finance

TD to acquire First Horizon with eyes on fertile Southeast market

Source: AFJ – Monday, Feb. 28, 2022, 11:40 AM On Monday morning, TD Bank Group and First Horizon announced that they have signed a definitive agreement for TD to acquire First Horizon in an all-cash transaction valued at $13.4 billion...

February 28, 2022

As auto prices soar, more buyers take out 6½- and 7-year loans

Automotive Finance Latest News

As auto prices soar, more buyers take out 6½- and 7-year loans

Source: CNBC – Phil LeBeau. The surge in auto prices in the second half of 2021 has pushed more consumers to take out auto loans that stretch beyond six years, according to a new report analyzing how millions of consumers...

February 25, 2022

Cox Automotive reaches finance-company milestone with titling tool

Automotive Finance Latest News

Cox Automotive reaches finance-company milestone with titling tool

ATLANTA, Feb. 23, 2022 /PRNewswire/ — Cox Automotive announced today it reached a new milestone with the addition of its 100th lender to Dealertrack Accelerated Title®. In a typical year, these 100 lenders originate nearly 60% of the auto loans in market.1 This combination...

February 23, 2022

TransUnion to acquire Verisk Financial Services for $515M

Automotive Finance

TransUnion to acquire Verisk Financial Services for $515M

By SubPrime Auto Finance News Staff CHICAGO – The acquisition train just keeps gaining steam throughout the automotive industry. The latest momentum builder arrived on Tuesday when TransUnion said it has signed a definitive agreement to acquire Verisk Financial Services, the financial...

February 22, 2022

Tackling the biggest issues facing the F&I office today with Jason Gannon, Pres. of F&I Guys

Digital Retailing F&I

Tackling the biggest issues facing the F&I office today with Jason Gannon, Pres. of F&I Guys

Source: CBT News What should your car dealership be doing in this new year to ensure profitability in the F&I department? On this episode of F&I Today, anchor Jim Fitzpatrick speaks with Jason Gannon, President of F&I Guys, to discuss what...

February 12, 2022

Financial challenges spur car buyer’s remorse, LendingTree, Credit Karma polls find

Automotive Finance Consumer Credit

Financial challenges spur car buyer’s remorse, LendingTree, Credit Karma polls find

Owners in $75,000-plus households struggle more with car payments than the average consumer JOHN HUETTER – Automotive News Financial concerns are a key component of a vehicle buyer’s remorse, Credit Karma and LendingTree polling revealed late last year. A November Credit...

February 9, 2022

Is your F&I department keeping up with today’s car buyer?

F&I

Is your F&I department keeping up with today’s car buyer?

CBT News – Emil Banga | Dealertrack Over the last few years, the F&I department has undergone significant digital changes and continues to impact customer experience in big ways. Today on Inside Automotive, we’re taking a look at the positive...

February 7, 2022

The Lucy F&I Platform is now a Quebec Dealer Association Partner!

Car Dealerships F&I Latest News

The Lucy F&I Platform is now a Quebec Dealer Association Partner!

Montreal, February 2, 2022 – We are pleased to announce a new collaboration between the Quebec Dealer Association – CCAQ and Lucy, the artificial intelligence-powered F&I assistant! “I am extremely pleased with this collaboration because it demonstrates the legitimacy and...

February 2, 2022

Keyloop acquires leading DMS provider SERTI to offer full service automotive digital solutions across Canada

Car Dealerships Latest News

Keyloop acquires leading DMS provider SERTI to offer full service automotive digital solutions across Canada

1st February 2022. Keyloop, a global automotive retail technology provider, has today announced the acquisition of SERTI, a leading provider of Dealer Management Systems (DMS) in Canada. As its sixth acquisition since launching in March 2021, this marks another step forward in...

February 1, 2022