André-Martin Hobbs, Author at DecisioningIT

Where the auto industry is, and where it needs to go – Bob Lanham, Facebook

Where the auto industry is, and where it needs to go – Bob Lanham, Facebook

Car dealers and other retail professionals in the automotive industry recently came together in Napa, California for the annual Digital Marketing Strategies Conference. Among the speakers was Facebook’s Head of Automotive Retail, Bob Lanham who joins us today to discuss key takeaways...

July 20, 2021

June Dealertrack Auto Credit Availability Index improves

Automotive Finance Automotive Lending Consumer Credit

June Dealertrack Auto Credit Availability Index improves

ATLANTA – (source) While consumer confidence might be mixed, Cox Automotive discovered more access to credit last month for potential vehicle buyers who needed it — especially if they had stronger credit backgrounds. According to the newest Dealertrack Auto Credit Availability Index...

July 15, 2021

Honda cracks down: No more returning leased cars to others’ lots

Car Dealerships Latest News

Honda cracks down: No more returning leased cars to others’ lots

The automaker will require drivers with expiring leases to return their vehicles to authorized Honda and Acura dealers and refuse to accept buyouts from unaffiliated dealers or others. July 09, 2021 06:42 AM – Bloomberg Honda Motor Co. has a rude...

July 14, 2021

Digital Retailing Latest News

And consolidation goes on

There have been two announcements today, PureCars announced its acquisition of truPayments, LLC and XLerate Group has purchased Liquid Motors, Inc. Roadster was purchased by CDK Global less than a month ago. I believe we will see a slew of similar announcements in the next 18 to 24 months. By...

July 12, 2021

Auto finance influencers discuss future of fintech – 1 of 5 – with Michael Jarman

Digital Retailing Latest News

Auto finance influencers discuss future of fintech – 1 of 5 – with Michael Jarman

Source: Auto Fin Journal CARY, N.C. — Auto Fin Journal reached out to a variety of companies for a recent project dubbed, Auto Finance Influencers: Leading Innovation for the Industry. Five industry leaders from Ally Financial, Exeter Finance, GM Financial, TurboPass, and...

July 12, 2021

Cox Automotive’s Randy Kobat shares the best practices and acquisition methods for used vehicles

Car Dealerships

Cox Automotive’s Randy Kobat shares the best practices and acquisition methods for used vehicles

How can car dealerships best maintain profit in today’s environment with low new car inventory and high demand for used vehicles? Randy Kobat, Vice President of Operations for Inventory Management Solutions at Cox Automotive, answers this question and more on today’s...

July 7, 2021

Consumer Credit Latest News

Fintech revolution in Pakistan

The silver lining that came with the Corona pandemic was the rapid move towards digitalization in different sectors of the economy that had previously been moving at a tortoise pace! Financial inclusion of the rural areas is, in particular, crucial...

July 5, 2021

CEO of DecisioningIT, Rosa Hoffmann, Shares How Dealers are Increasing Sales and Customer Satisfaction

Automated Decisioning Automotive Finance Automotive Lending Car Dealerships Digital Retailing F&I Latest News Non-Prime Financing Prequalification

CEO of DecisioningIT, Rosa Hoffmann, Shares How Dealers are Increasing Sales and Customer Satisfaction

by Sarah Marie June 28, 2021 in Business (New York Weekly) More non-prime consumers are getting behind the wheel now than ever before thanks to DecisioningIT. The fin-tech framework company uses an AI loan-matching platform that allows dealers to match...

June 29, 2021

Cox Automotive Pres. Steve Rowley discusses his perspective on the future of auto retail

Car Dealerships Digital Retailing Latest News

Cox Automotive Pres. Steve Rowley discusses his perspective on the future of auto retail

On today’s show, we sit down with the new President of Cox Automotive, Steve Rowley, to discuss his first nine months as President and his perspective on trends across the retail automotive industry. Rowley has 33 years of experience in telecommunications...

June 27, 2021

Cox Automotive Dealer Sentiment Index – Second Quarter 2021

Car Dealerships

Cox Automotive Dealer Sentiment Index – Second Quarter 2021

Jonathan Smoke, Chief Economist at Cox Automotive breaks down the latest Cox Automotive Dealer Sentiment Index. (You can find the Cox Automotive Dealer Sentiment Index – Second Quarter 2021 here and the full interview on CBT News here.) The latest...

June 25, 2021