André-Martin Hobbs, Author at DecisioningIT

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

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

10 trends in technology will change how you manage fraud in the next 3 years

Automotive Finance

10 trends in technology will change how you manage fraud in the next 3 years

SAN DIEGO (AutoRemarketing) — The future is here. And it’s digital. We are in the middle of a digital transformation — and it’s all being driven by the demand for speed and convenience. Faster decisions, faster funding. And fast money...

October 30, 2021

Newfoundland and Labrador Credit Union Signs Agreement with AFG Canada

Automotive Finance Automotive Lending

Newfoundland and Labrador Credit Union Signs Agreement with AFG Canada

VANCOUVER, October 2021 – AFG Canada announced today that Newfoundland and Labrador Credit Union Ltd (NLCU), a financial institution based in Newfoundland, has signed on to AFG Canada’s Leasing Program. The partnership with NLCU further reinforces AFG’s mission to expand into new markets...

October 26, 2021

Is it time to change how your team handles sales & finance?

Automotive Finance Car Dealerships F&I

Is it time to change how your team handles sales & finance?

By Drew Harden – CARFAX Canada (AutoRemarketingCanada) Today, the typical vehicle buying process means that customers may spend hours building a relationship with a salesperson, only to be handed over to a business manager once they’ve finally worked out a...

October 25, 2021

Consider credit ‘soft pulls’ at start of sales process

Automotive Finance Car Dealerships Consumer Credit Credit Approvals F&I Non-Prime Financing Prequalification

Consider credit ‘soft pulls’ at start of sales process

JOHN HUETTER – Reporter covering the finance-and-insurance business and auto retailing for Automotive News Performing a soft pull on a customer’s credit at the start of the buying process can improve sales and reduce awkward conversations in the F&I office, according...

October 21, 2021

TransUnion: 18.7M consumers improved their credit scores while in hardship programs

Consumer Credit

TransUnion: 18.7M consumers improved their credit scores while in hardship programs

By SubPrime Auto Finance News Staff – Get the TransUnion “Determining the Risk of Bankcard Consumers Masked by Suppressed Delinquencies” report. Perhaps here’s something that both consumers and finance companies can take as a positive from COVID-19. Despite financial challenges...

October 20, 2021

Axis Announces $15 million Strategic Investment by NowLake Technology, LLC

Automotive Lending Non-Prime Financing

Axis Announces $15 million Strategic Investment by NowLake Technology, LLC

October 19, 2021 – Mississauga, Ontario – Axis Auto Finance Inc. (“Axis” or the “Company”), (TSXV: AXIS) a fintech lender servicing the alternative auto finance market, announced a $15 million strategic investment (the “Offering”) by NowLake Technology, LLC (“NowLake”), the fintech...

October 19, 2021