André-Martin Hobbs, Author at DecisioningIT

TD Auto Finance Welcomes Christopher Nabeta: Steering Toward a New Era in OEM Sales and Strategy

TD Auto Finance, a pivotal division of TD Bank, recently made a strategic addition to its team by appointing Christopher Nabeta as the Director of OEM Sales and Strategy for Canada. Nabeta, who assumed his new role in February after...

March 14, 2024

Adapting to Generation Z: Insights and Strategies for Canadian Auto Dealerships

Car Dealerships

Adapting to Generation Z: Insights and Strategies for Canadian Auto Dealerships

The automotive landscape is witnessing a significant shift as Generation Z matures into a key consumer segment. With the NADA Show 2024 wrapped-up, one thing has become abundantly clear: the industry is on the cusp of a generational transition, with...

February 24, 2024

Inflation and Auto Financing: What Borrowers Need from Lenders

Consumer Credit Non-Prime Financing

Inflation and Auto Financing: What Borrowers Need from Lenders

Drawing from Anne Hay’s insightful commentary in Auto Remarketing, subprime borrowers are facing unprecedented financial challenges due to inflation, particularly in the automotive sector. The article sheds light on the crucial support these borrowers need from lenders in these trying...

February 1, 2024

Survey: 69% of near and non-prime consumers looking to pay off contract early

Source: AutoRemarketing – January 29, 2024 – Open Lending Corp. offered a glimpse into some of the insights found through its newest study on vehicle accessibility and automotive financing perceptions among near- and non-prime consumers. The report builds on Open Lending’s...

January 29, 2024

Navigating the Digital Shift: The Increasing Need for Advanced Credit Application Solutions in Auto Financing

Automated Decisioning Automotive Finance Car Dealerships

Navigating the Digital Shift: The Increasing Need for Advanced Credit Application Solutions in Auto Financing

The automotive finance industry is at a pivotal juncture, with digital transformation reshaping traditional business models and consumer interactions. A recent industry survey, commissioned by Wolters Kluwer and echoed by independent research conducted by DecisioningIT, has brought to light the...

January 22, 2024

AutoCanada Expands Ownership in Digital Auto Sales, Bolsters Online C2C Finance and Insurance Segment with Major Investment

EDMONTON, AB – AutoCanada Inc., a leading Canadian automobile dealership group, recently announced a significant stride in consolidating its digital automotive sales sector. In a landmark move, the company confirmed receiving a $25 million investment from iA Financial Group for...

January 5, 2024

2024 Auto Market Forecast: Navigating Post-Pandemic Economic Swings

Consumer Credit Latest News

2024 Auto Market Forecast: Navigating Post-Pandemic Economic Swings

As we look back at the aftermath of the 2020 global COVID pandemic, it’s clear the economy and the auto market have experienced extraordinary shifts. Historic appreciation in vehicle values, dramatic drops in supply, and rapid changes in interest rates...

December 18, 2023

Wholesale Vehicle Prices in Canada Experience Sharp Decline, Surpassing Sixfold the Historical Average

Consumer Credit

Wholesale Vehicle Prices in Canada Experience Sharp Decline, Surpassing Sixfold the Historical Average

The Canadian automotive wholesale market witnessed a substantial decline last week, with average vehicle prices dropping significantly, marking the most considerable decrease of 2023. According to the latest data from Canadian Black Book (CBB), this decline surpassed six times the...

December 10, 2023

Auto Financing Trends: A Turn for the Better in Q3 as Loan Amounts Decline and Options Increase

Automotive Finance

Auto Financing Trends: A Turn for the Better in Q3 as Loan Amounts Decline and Options Increase

As financial barriers begin to ease, new data reveals a positive shift for consumers and auto financing sectors grappling with affordability issues. The latest report from Experian analyzing third-quarter figures shows a decline in financed amounts for both new and...

December 1, 2023

Auto Credit Trends and Pricing Insights: Navigating the New Vehicle Market

Automotive Lending Consumer Credit

Auto Credit Trends and Pricing Insights: Navigating the New Vehicle Market

In a recent update, Cox Automotive shared insights on new vehicle prices and the state of auto credit availability for October, as measured by the Dealertrack Auto Credit Availability Index. October saw a continuation of the trend that began in...

November 23, 2023