André-Martin Hobbs, Author at DecisioningIT

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

Kijiji Autos, Cox Automotive Canada launch digital retail marketplace

Digital Retailing

Kijiji Autos, Cox Automotive Canada launch digital retail marketplace

Auto Remarketing Canada – Kijiji Autos has teamed up with Cox Automotive Canada to launch a digital retail marketplace, the companies announced Monday. Through the Kijiji Autos solution enabled by Cox Automotive and utilizing its Dealertrack and Kelley Blue Book...

November 9, 2021

How to improve your car dealership’s online retailing strategy – Lissette Gole, Head of Auto Retail at Google

Digital Retailing F&I

How to improve your car dealership’s online retailing strategy – Lissette Gole, Head of Auto Retail at Google

Andre-Martin Hobbs, Partner at DecisioningIT: In this video segment, Lissette Gole tells us that a lot of shoppers move fully online: In 2018, 1% of vehicles were sold completely through online retailing. In 2020, that number increased to 10%. I...

November 4, 2021

Subprime auto loan originations near pre-pandemic levels, TransUnion says

Automotive Finance Automotive Lending Non-Prime Financing

Subprime auto loan originations near pre-pandemic levels, TransUnion says

JOHN HUETTER – AutomotiveNews Subprime auto loan originations have yet to recover to pre-pandemic levels, according to the latest TransUnion data, though an analyst said they’re improving and nearing that point. TransUnion on Wednesday said second-quarter subprime loan originations rose...

November 3, 2021

Stellantis completes First Investors acquisition

Automotive Finance

Stellantis completes First Investors acquisition

AMSTERDAM (AutoRemarqueting)- First Investors Financial Services Group now officially is a captive finance company. Stellantis announced late on Monday that it completed the acquisition of the company that previously specialized in subprime auto financing. As a result of the transaction first revealed on...

November 2, 2021

The Lucy F&I Platform is now connected to D2C Media and Serti DMS

Let’s all celebrate over two new Lucy F&I Platform connections! Lucy is now linked to D2C Media inc, so leads generated by D2C-powered websites are routed to Lucy. In addition, the D2C CRM can now transfer clients to Lucy! Lucy can...

November 1, 2021

Car Dealerships F&I

New integration with Activix!

Andre-Martin Hobbs, Partner at DecisioningIT: “I am excited to inform you that Lucy is now two-way connected to the Activix CRM!” Clients of Activix can now transfer customer records from the sales department to the F&I department, where Lucy is...

October 31, 2021