André-Martin Hobbs, Author at DecisioningIT

Waning customer interest in cars swells loan size, payments for trucks

Waning customer interest in cars swells loan size, payments for trucks

JOHN HUETTER – Automotive News Customers’ increasing preference for crossovers and SUVs means they’re making higher monthly payments and borrowing a few thousand dollars more to buy their vehicles, Experian said this month. Melinda Zabritski, Experian’s senior director of automotive financial...

August 24, 2021

Carlala – A Canadian Carvana inspired competitor to CanadaDrives

Digital Retailing Latest News

Carlala – A Canadian Carvana inspired competitor to CanadaDrives

AutoRemarketing – The Canadian online vehicle retailing space will have another participant by the end of the year. And it’s inspired by one of the well-known operations from the United States. Last week, TEDA International Auto Group — a multinational,...

August 20, 2021

4,500 vehicles sold online: Similar front-end and F&I profits

Digital Retailing eContracting F&I

4,500 vehicles sold online: Similar front-end and F&I profits

Asbury’s Clicklane digital retailing platform shines in Q2 (www.autonews.com) Asbury Automotive Group said the first full quarter with its new digital retailing platform Clicklane saw online car buyers overwhelmingly approved for financing — often instantly. Clicklane customers also put far...

August 19, 2021

DecisioningIT leader Hobbs recognized for financing platform

Automated Decisioning Automotive Finance Automotive Lending Car Dealerships Consumer Credit Credit Approvals Digital Retailing F&I Latest News

DecisioningIT leader Hobbs recognized for financing platform

Many consumers are locked out when it comes to being able to buy the vehicle they need. But thanks to a program developed by André-Martin Hobbs, they’re able to connect with dealerships to find the financing they need MONTREAL, Aug. 18,...

August 18, 2021

Expert Sarah Vantine on the cost of ineffective employee training

Car Dealerships HR

Expert Sarah Vantine on the cost of ineffective employee training

CBT News: Fixed ops are the focus for many dealers right now as profit continues to increase, but is training being left behind? On today’s show, we’re pleased to welcome Sarah Vantine, Vice President of Business Development Strategy at Quantum5. Vantine begins...

August 16, 2021

AutoCanada continues to build used-car program with latest purchase

Car Dealerships

AutoCanada continues to build used-car program with latest purchase

Source: Auto Remarketing. AutoCanada has purchased Ontario independent dealer Mark Wilson’s Better Used Cars, a move the retailer says augments its plans of building its Used Digital Retail Division. This is the second independent dealer AutoCanada has purchased. In a...

August 15, 2021

3 ingredients of ‘Disciplined Listening Method’ that could help in F&I

F&I

3 ingredients of ‘Disciplined Listening Method’ that could help in F&I

An expert from outside of the auto-finance industry offered three recommendations that could help F&I professionals work with potential customers who are not sitting in person across the desk from them in the finance office. InQuasize president Michael Reddington is...

August 13, 2021

Carputty secures $7.2M in funding to ‘rewrite industry rules’ of auto financing

Automotive Finance Automotive Lending Digital Retailing

Carputty secures $7.2M in funding to ‘rewrite industry rules’ of auto financing

ATLANTA – Source: AFJ. Startup Carputty wants to “rewrite industry rules” when it comes to auto financing. The firm now has more than $7 million in funding to get that process in motion. On Friday, Carputty announced it has raised $7.2 million...

August 12, 2021

F&I alert! Beware of fake tradelines on credit bureaus

Automotive Finance Automotive Lending Credit Approvals F&I

F&I alert! Beware of fake tradelines on credit bureaus

How fake tradelines are boosting credit of some borrowers SAN DIEGO (Frank McKenna, Auto Remarketing June 2021) — Credit repair is a worthwhile endeavor for many consumers. And thankfully, there are thousands of companies that are there to help them...

August 5, 2021

AUL uses dealer & consumer feedback to compile 5 tips to help make F&I better

F&I

AUL uses dealer & consumer feedback to compile 5 tips to help make F&I better

With seven months of 2021 already completed, AUL Corp. senior vice president of strategic product development Jason Garner identified five key F&I tips to help dealerships and finance companies be even more successful during the remainder of the year. Garner...

August 2, 2021