André-Martin Hobbs, Author at DecisioningIT

How AI is helping dealers engage with car buyers

Source: https://www.cbtnews.com/how-ai-is-helping-dealers-engage-with-car-buyers-kevin-pitts-bmw-of-reading As today’s car buyers evolve, so must the technology within the dealership, which is why it is critical for managers to choose the right vendors. On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Kevin Pitts,...

July 16, 2023

F&I Products: Driving Profit and Customer Satisfaction in the Changing Auto Industry

Automotive Finance F&I

F&I Products: Driving Profit and Customer Satisfaction in the Changing Auto Industry

Auto dealers and their manufacturing partners have long recognized the value of F&I (Finance and Insurance) products in enhancing customer satisfaction and safeguarding the investments consumers make in their vehicles. However, the economic landscape of 2023 has prompted dealers and...

June 23, 2023

Auto credit tightens again with banks expecting it to remain that way

Automotive Finance

Auto credit tightens again with banks expecting it to remain that way

Cox Automotive recently released a report stating that credit availability for auto finance has reached a two-year low. The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices, conducted by the Federal Reserve, further indicated that this trend...

June 16, 2023

Dealer interest in subprime finance grows in Canada

Automotive Finance Automotive Lending Consumer Credit Credit Approvals Non-Prime Financing

Dealer interest in subprime finance grows in Canada

By Sarah Rubenoff, Correspondent at AutoRemarketing Canada. Source: https://www.autoremarketing.com/arcanada/dealer-interest-in-subprime-finance-grows-in-canada There is a bit of a learning curve in the world of subprime auto finance, but more dealers, franchised and independent, are entering the business and implementing subprime in an effort...

June 6, 2023

DecisioningIT Unveils Online Finance Application Tool for Instantaneous Lender Matching

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

DecisioningIT Unveils Online Finance Application Tool for Instantaneous Lender Matching

Source: Yahoo Finance TORONTO, May 29, 2023 /CNW/ – DecisioningIT, a leading technology company specializing in innovative financial solutions, proudly announces the launch of its cutting-edge online finance tool, revolutionizing the automotive lending industry. This groundbreaking tool utilizes advanced decisioning algorithms and...

May 29, 2023

Tightening Credit Access: Auto Finance Hits a 2-Year Low

Uncategorized

Tightening Credit Access: Auto Finance Hits a 2-Year Low

The newest Dealertrack Credit Availability Index has revealed that access to auto finance credit tightened in April to the lowest point in more than two years, largely due to three headwind factors having more impact than the trio of trends...

May 11, 2023

DecisioningIT announced as Finalist for the CanadianSME Small Business Awards 2022 for their innovative vehicle financing platform

DecisioningIT, a leader in vehicle financing technology, is proud to announce that it has become a finalist for the CanadianSME Small Business Awards 2022. The company is changing the way consumers get financed, making it easier for car shoppers to...

April 17, 2023

Digital Retailing

BlackRock acquires AutoAlert

This week witnessed a surge in mergers and acquisitions across various sectors of the automobile industry. AutoAlert, a data analytics solutions provider, declared its acquisition by particular funds and accounts managed by BlackRock, as per a news release. BlackRock Alternatives’...

April 13, 2023

Ford creates Latitude AI to develop the future of its automated driving tech

Digital Retailing

Ford creates Latitude AI to develop the future of its automated driving tech

Ford intends to grow and expand its automated driving technology. From CBT News. Ford revealed that it has established a new wholly-owned company named Latitude AI with the goal of developing a hands-free, eyes-off-the-road automated driving system. The automaker intends to...

March 6, 2023

High interest rates may lead to hard conversations with customers

Car Dealerships

High interest rates may lead to hard conversations with customers

In a recent interview with Automotive News, dealership finance director Justin Gasman offers some tips to help allay a customer’s concerns. This article emphasizes the importance of using periods of downtime in the dealership showroom floor and F&I office to...

February 27, 2023