André-Martin Hobbs, Author at DecisioningIT

Dealer interest in subprime finance grows in Canada

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

<strong>Why are customers less satisfied with the car buying experience?</strong>

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Why are customers less satisfied with the car buying experience?

Source: CBT News. Dealers have transformed the car buying experience with customers in mind, but many question the success of these changes. Recently, Cox Automotive published its 13th annual Car Buyer Journey Study, which analyzes changes in the buyer experience. Researchers surveyed 10,000...

February 20, 2023

Reynolds acquires American Guardian Warranty Services

F&I Latest News

Reynolds acquires American Guardian Warranty Services

Source: Auto Remarketing – In a transaction one top executive called a “industry changing,” last week Reynolds and Reynolds announced the acquisition of American Guardian Warranty Services (AGWS), a provider of vehicle service contracts, limited warranties and other F&I products...

February 1, 2023

Cox economist Jonathan Smoke breaks down 10 predictions for the future of the auto industry

Consumer Credit Latest News

Cox economist Jonathan Smoke breaks down 10 predictions for the future of the auto industry

Source CBT News – Over the past few years, our industry has experienced changes in inventory, high prices, and electric vehicles. Can we anticipate more of the same in the coming year? On today’s episode of Inside Automotive, Jonathan Smoke, Chief Economist...

January 11, 2023