André-Martin Hobbs, Author at DecisioningIT

Survey Reveals Gaps in Americans’ Credit Management and Financial Literacy

The importance of maintaining good credit is a well-known principle in personal finance. Yet, a recent survey by BadCredit.org has uncovered that a significant number of Americans are not actively managing their credit health. The study, which polled 500 adults...

October 3, 2024

The Used-Vehicle Market Shifts Toward Older Inventory

The latest Cars Commerce Industry Insights Report for August reveals a notable trend in the used-vehicle market: older cars have taken center stage in driving supply and influencing vehicle values. This shift is a reflection of the lingering effects of...

September 20, 2024

S&P Global Ratings Highlights Historical Patterns in Subprime Auto Loan

Automotive Finance Latest News Non-Prime Financing

S&P Global Ratings Highlights Historical Patterns in Subprime Auto Loan

In the world of subprime auto finance, history has a way of repeating itself. The latest report from S&P Global Ratings reveals a familiar pattern of rapid growth followed by performance deterioration within subprime auto finance asset-backed securities (ABS). This...

August 27, 2024

Navigating the Decline in US Subprime Auto Loans

Automotive Finance Consumer Credit

Navigating the Decline in US Subprime Auto Loans

The automotive finance sector continues to grapple with evolving market dynamics, as evidenced by the latest findings from TransUnion’s Q2 2024 Quarterly Credit Industry Insights Report. The report highlights a continued decline in subprime auto loan originations, a trend that...

August 12, 2024

Embracing AI for Financial Management: Insights from BMO’s Latest Survey

Consumer Credit

Embracing AI for Financial Management: Insights from BMO’s Latest Survey

Artificial Intelligence (AI) is increasingly becoming a vital tool for managing personal finances. The BMO Real Financial Progress Index has revealed that a significant number of Americans, especially Gen Z, are leveraging AI to enhance their financial management. This blog...

July 31, 2024

Navigating Tough Credit Conditions in the Auto Finance Industry

Automotive Finance Non-Prime Financing

Navigating Tough Credit Conditions in the Auto Finance Industry

The auto finance industry is currently navigating a challenging landscape, marked by tightening credit conditions. These conditions are not only affecting consumers but also finance companies themselves. This blog post delves into the current credit environment, the challenges faced by...

July 22, 2024

TransUnion Examines the Impact of Expensive Debt on Auto Financing

Automotive Finance Consumer Credit

TransUnion Examines the Impact of Expensive Debt on Auto Financing

TransUnion’s latest report sheds light on how the rising cost of debt is influencing the auto financing landscape. As consumers face increasing financial pressures, the implications for the automotive market are significant. Key Findings Implications for Consumers For consumers, the...

July 11, 2024

Hyundai Capital and Other Lenders Embrace Automation in Credit Decisions

Artificial Intelligence Automotive Finance Automotive Lending

Hyundai Capital and Other Lenders Embrace Automation in Credit Decisions

Nashville, TN – At the Auto Finance Summit East, leaders from Hyundai Capital America and other auto lenders highlighted significant strides in automating credit decisions, resulting in quicker responses for dealerships and their customers. Marcelo Brutti, CEO of Hyundai Capital...

May 29, 2024

Understanding the Recent Tightening in Auto Credit Access

Automotive Finance Car Dealerships Consumer Credit

Understanding the Recent Tightening in Auto Credit Access

In April, auto credit access saw a slight tightening, reflecting ongoing economic challenges. Auto Remarketing’s article highlights several key factors influencing this trend: Key Points from the Article: Implications for Dealerships This tightening of auto credit means dealerships need to...

May 22, 2024

Understanding Credit Usage: Gen Z Versus Millennials

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Understanding Credit Usage: Gen Z Versus Millennials

As financial landscapes evolve, so does the behavior of those who navigate them. A recent study by TransUnion, presented at the 2024 Financial Services Summit, delves into the credit usage patterns of Generation Z and compares them with the millennial...

May 9, 2024