André-Martin Hobbs, Author at DecisioningIT

J.D. Power: Perception of lender matters in auto finance

Nearly half of customers research vehicle financing prior to executing the loan or lease at a dealership, which means customers’ satisfaction with an individual lender matters, said Patrick Roosenberg, director of automotive finance intelligence at J.D. Power. Source: AutomotiveNews. With...

November 30, 2022

<strong>What will F&I look like in the future? JM&A Group’s Scott Gunnell weighs in</strong>

Automotive Finance

What will F&I look like in the future? JM&A Group’s Scott Gunnell weighs in

Source: CBT News – Scott Gunnell is the new Senior Vice President and Chief Operating Officer at JM&A Group where he has worked for 20 years to provide financing and insurance services to dealerships. The auto group also trains and educates dealers...

November 27, 2022

DecisioningIT announces Steven Landry to its board

As an industry veteran, Landry’s experience will help enhance DecisioningIT’s position and future growth TORONTO, Nov. 14, 2022 /CNW/ – DecisioningIT is proud to welcome automotive veteran Steven Landry to its board of directors. “We’re honored to bring Steven Landry on as our board member,” said Rosa Hoffmann,...

November 14, 2022

Cox Automotive sells Canadian operations of Dealertrack, VinSolutions, Dealer.com, Xtime and KBB to TRADER

TRADER Corp. said Thursday it is acquiring Dealertrack Canada from Cox Automotive’s Canadian retail business, along with the Canadian operations of VinSolutions, Dealer.com, Xtime and Kelley Blue Book. The company said most Canadian Cox Automotive Retail employees will likely move...

November 10, 2022

Fraud

eLEND study: 79% of car dealers lost a vehicle to fraud in past year

Source: Autonews.com An eLEND Solutions poll of more than 700 dealerships — nearly all of which were franchised — revealed 79 percent had an identity fraud-related loss in the past year. Sixty percent lost at least three vehicles due to...

November 8, 2022

Fraud

95% of Dealers are Not Doing Enough in Their Stores or Online to Prevent Fraud

By Ken Hill, Managing Director, 700Credit – Source: https://digitaldealer.com/latest-news/95-dealers-not-enough-stores-online-prevent-fraud/ Yes, it’s true, more people are shopping and buying cars and trucks online. Research firm Frost and Sullivan forecasts six million cars will be sold online around the world in 2025....

November 5, 2022

Wolters Kluwer: Digital transformation continues even as retail sales slow

Digital Retailing

Wolters Kluwer: Digital transformation continues even as retail sales slow

Source: www.autoremarketing.com/autofinjournal/wolters-kluwer-digital-transformation-continues-even-retail-sales-slow Wolters Kluwer recently announced third quarter results and analysis from its Auto Finance Digital Transformation Index, a key resource that tracks the rate at which auto dealers, service providers and finance companies are seeing growth in the evolution...

November 2, 2022

Q3 closes with improved credit availability

Automotive Finance Automotive Lending Consumer Credit

Q3 closes with improved credit availability

Chart courtesy of Cox Automotive. By SubPrime Auto Finance News Staff Sales might have softened in September, but Cox Automotive indicated credit for auto financing improved as the third quarter closed. According to the newest Dealertrack Credit Availability Index released...

October 17, 2022

Auto loan interest rate highest in 3 years

Automotive Finance

Auto loan interest rate highest in 3 years

Auto loan interest rate highest since 2019; average amount financed hits all-time high and more consumers are paying $1,000 monthly, according to latest Edmunds report. From GAIL KACHADOURIAN HOWE (Automotive News) Auto loan interest rates soared to their highest levels...

October 6, 2022

Welcome to the team, Jordan Lacroix!

Jordan Lacroix, we look forward to providing you with the best professional and personal opportunities. The entire team offers a warm welcome. We believe you will be an excellent fit due to your exceptional skills and personality, and we look...

September 30, 2022