André-Martin Hobbs, Author at DecisioningIT

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

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

Automotive Finance Digital Retailing

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