André-Martin Hobbs, Author at DecisioningIT

EVs are driving changes in the F&I office—is your dealership prepared?

Source: CBT News. As we see an increase in electric vehicle adoption and the supporting charging infrastructure, the sales and buying process at your dealerships will need to evolve. Today on Inside Automotive, we’re pleased to welcome Scott Gunnell, Group Vice President...

September 12, 2022

Experian Q2 finance data reinforces shift to used vehicles

Car Dealerships Latest News

Experian Q2 finance data reinforces shift to used vehicles

Source: Autoremarketing The newest auto finance data from Experian reinforced the theory that consumers are taking delivery of used vehicles more often because of necessity. As the automotive market continues to face inventory shortages, analysts said consumers are shifting back...

August 29, 2022

The case for starting the finance journey on your website

Automotive Finance Car Dealerships

The case for starting the finance journey on your website

By Drew HardenCARFAX Canada Source: AutoRemarketingCanada You’ve just spent three hours with a customer and when it’s time to run their credit, you learn the bank won’t even loan them a pen. So, you decide to discuss credit up-front with...

August 15, 2022

TransUnion examines EV’s market growth & consumer credit profiles

Automotive Lending Consumer Credit

TransUnion examines EV’s market growth & consumer credit profiles

Source: Auto Remarketing – A new TransUnion study conducted in collaboration with S&P Global Mobility determined the registered electric vehicle market share is expected to grow from 5% at the end of 2021 to approximately 40% by 2031. Analysts also...

July 22, 2022

Auto defaults now sit 32 basis points higher than all-time low

Consumer Credit

Auto defaults now sit 32 basis points higher than all-time low

Auto Remarketing – Perhaps your portfolio is experiencing a bit more turbulence, but overall auto defaults are just 32 basis points higher than the all-time low set a year ago. That metric surfaced on Tuesday when S&P Dow Jones Indices...

July 19, 2022

Explaining what 75 basis-point rise in interest rates might do within auto financing

Automotive Finance

Explaining what 75 basis-point rise in interest rates might do within auto financing

(Source: AutoRemarqueting) Experts from Cox Automotive and Edmunds offered perspectives on what might happen within auto financing after the Federal Reserve made its largest increase interest rates at a single point since 1994. The Federal Open Market Committee voted 10-1...

June 16, 2022

TrueCar acquires Digital Motors to reinforce TrueCar+ marketplace

Digital Retailing Latest News

TrueCar acquires Digital Motors to reinforce TrueCar+ marketplace

Acquisition to help accelerate TrueCar+ product roadmap by expanding e-commerce capabilities SANTA MONICA, Calif., June 6, 2022 /PRNewswire/ — TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced its acquisition of Irvine, California based...

June 7, 2022

eContracting

Car shoppers, dealers, lenders saw e-contracting boom in 2021

9 million out of 28 million auto finance transactions involved electronic paperwork, Wolters Kluwer finds Source: AutoNews – A third of all new and used auto financing deals last year involved an electronic contract, a figure reflecting a significant increase...

June 1, 2022

CarGurus’ New Digital Deal Solution Enables Dealers to Sell More Cars Through Access to Today’s Online Shopper

Digital Retailing

CarGurus’ New Digital Deal Solution Enables Dealers to Sell More Cars Through Access to Today’s Online Shopper

Digital Deal delivers purchase-ready consumers through streamlined online-to-in-store buying experience May 11, 2022 09:00 ET | Source: CarGurus, Inc. CAMBRIDGE, Mass., May 11, 2022 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG) today announced an expansion in its automotive retail offerings with the launch...

May 11, 2022

DecisioningIT named Top 50 Most Innovative Companies to Watch 2022

Automated Decisioning Automotive Finance Automotive Lending Consumer Credit Credit Approvals Digital Retailing F&I Non-Prime Financing Prequalification

DecisioningIT named Top 50 Most Innovative Companies to Watch 2022

Humans have been thriving on innovation since the dawn of time. Technology innovation was a game changer in human lifestyle, and we haven’t looked back since. With an array of technological solutions for almost every problem, technology began to grow,...

May 1, 2022