André-Martin Hobbs, Author at DecisioningIT

Car Buyers Report Higher Satisfaction When Using Digital Financing Tools, New Cox Automotive Study Shows

ATLANTA, April 26, 2022 – Cox Automotive – Though only 29% of buyers applied for financing online for their most recent vehicle purchase, 96% of those surveyed are willing to do so, according to a new study published by Cox Automotive....

April 28, 2022

Capital Automotive Group Launches RideShift, A New Fully Online Car Buying

Automated Decisioning Automotive Finance Automotive Lending

Capital Automotive Group Launches RideShift, A New Fully Online Car Buying

RideShift, the e-commerce brand powered by Capital Automotive Group, offers customers in the Carolinas and nation-wide a fully automated, shop-to-buy-to-delivery experience in a matter of minutes. RideShift provides customers with the visibility to see pre-qualified payments on thousands of pre-owned...

April 20, 2022

DecisioningIT Named Among 50 Leading Companies of the Year 2022 by The Silicon Review Magazine

Automated Decisioning Automotive Finance Automotive Lending Car Dealerships Consumer Credit Digital Retailing F&I

DecisioningIT Named Among 50 Leading Companies of the Year 2022 by The Silicon Review Magazine

Achieving a prominent position in the industry gives a company several advantages: pricing power, brand recognition, and a loyal customer base. A business should first aspire to lead its local markets before planning for worldwide industry domination. So what makes...

April 14, 2022

Brookfield to Acquire CDK Global in $8.3B deal

BROOKFIELD NEWS, April 07, 2022 – Brookfield Business Partners (NYSE: BBUC, BBU; TSX: BBUC, BBU.UN), together with institutional partners (collectively “Brookfield”) today announced an agreement to acquire CDK Global Inc. (NASDAQ: CDK) (“CDK Global” or the “Company”) for $54.87 per...

April 7, 2022

This March, the Lucy Credit Decisioning Platform staff was in Whistler with the Quebec Dealer Association

André-Martin Hobbs and Annabelle Barrette, our DecisioningIT ambassadors, returned home yesterday after spending a few days in Whistler with the Quebec Dealer Association (CCAQ – Corporation des concessionnaires automobiles du Québec) and members from the Canadian Automobile Dealers Association (CADA) such as Tim Reuss, Huw Williams, Tim Ryan...

March 27, 2022

AutoFi valuation approaches $700M with SCUSA investment

Automotive Finance Automotive Lending Digital Retailing

AutoFi valuation approaches $700M with SCUSA investment

Fueled in part by an auto finance company that’s been one of its clients since 2018, AutoFi announced on Monday it has closed $85 million in funding valuing the company at nearly $700 million. One of the first Emerging 8 honorees...

March 7, 2022

TD to acquire First Horizon with eyes on fertile Southeast market

Automotive Finance

TD to acquire First Horizon with eyes on fertile Southeast market

Source: AFJ – Monday, Feb. 28, 2022, 11:40 AM On Monday morning, TD Bank Group and First Horizon announced that they have signed a definitive agreement for TD to acquire First Horizon in an all-cash transaction valued at $13.4 billion...

February 28, 2022

As auto prices soar, more buyers take out 6½- and 7-year loans

Automotive Finance Latest News

As auto prices soar, more buyers take out 6½- and 7-year loans

Source: CNBC – Phil LeBeau. The surge in auto prices in the second half of 2021 has pushed more consumers to take out auto loans that stretch beyond six years, according to a new report analyzing how millions of consumers...

February 25, 2022

Cox Automotive reaches finance-company milestone with titling tool

Automotive Finance Latest News

Cox Automotive reaches finance-company milestone with titling tool

ATLANTA, Feb. 23, 2022 /PRNewswire/ — Cox Automotive announced today it reached a new milestone with the addition of its 100th lender to Dealertrack Accelerated Title®. In a typical year, these 100 lenders originate nearly 60% of the auto loans in market.1 This combination...

February 23, 2022

TransUnion to acquire Verisk Financial Services for $515M

Automotive Finance

TransUnion to acquire Verisk Financial Services for $515M

By SubPrime Auto Finance News Staff CHICAGO – The acquisition train just keeps gaining steam throughout the automotive industry. The latest momentum builder arrived on Tuesday when TransUnion said it has signed a definitive agreement to acquire Verisk Financial Services, the financial...

February 22, 2022