Automotive Finance Archives

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

Financial challenges spur car buyer’s remorse, LendingTree, Credit Karma polls find

Automotive Finance Consumer Credit

Financial challenges spur car buyer’s remorse, LendingTree, Credit Karma polls find

Owners in $75,000-plus households struggle more with car payments than the average consumer JOHN HUETTER – Automotive News Financial concerns are a key component of a vehicle buyer’s remorse, Credit Karma and LendingTree polling revealed late last year. A November Credit...

February 9, 2022

defi SOLUTIONS & Open Lending expand partnership to help captives

Automotive Finance

defi SOLUTIONS & Open Lending expand partnership to help captives

WESTLAKE, Texas – AutoRemarketing For captive finance companies interested in buying paper lower on the credit spectrum, assistance is coming later this year from defi SOLUTIONS, which recently announced expansion of its partnership with Open Lending. The service providers highlighted the expansion...

January 19, 2022

Cox Automotive: Transformation Toward eCommerce in Automotive Retailing

Automotive Finance Digital Retailing eContracting

Cox Automotive: Transformation Toward eCommerce in Automotive Retailing

Source: CoxAutoInc. The way the world buys and sells vehicles is changing. It’s not happening all at once and the changes vary by retailer and consumer, but the industry is currently at a major tipping point in its transformation toward...

January 5, 2022

Auto-financing context around Fed’s last move of 2021

Automotive Finance

Auto-financing context around Fed’s last move of 2021

By SubPrime Auto Finance News Staff – ATLANTA and WASHINGTON, D.C. – Cox Automotive chief economist Jonathan Smoke again offered context about the potential influence on auto financing that the Federal Reserve last policy action of the year might have. On...

December 19, 2021

Andre-Martin Hobbs shortlisted for Top 50 Artificial Intelligence CEOs of 2021

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

Andre-Martin Hobbs shortlisted for Top 50 Artificial Intelligence CEOs of 2021

Technology Innovators – Artificial Intelligence CEOs Edition André-Martin Hobbs has developed cutting-edge technology in the field of automotive marketing for over two decades. A digital entrepreneur and a passionate race driver, André-Martin’s undying love for the automobile industry, coupled with...

December 17, 2021

Stuart back with TD Auto Finance as president & CEO

Automotive Finance

Stuart back with TD Auto Finance as president & CEO

By Auto Fin Journal Staff. CHERRY HILL, N.J. FARMINGTON HILLS, Mich – Andrew Stuart is back in auto financing. TD Bank announced this week that Stuart has returned to his former position as president and chief executive officer of TD Auto...

December 15, 2021

DecisioningIT Joins CDK Global Partner Program

Automated Decisioning Automotive Finance Digital Retailing F&I Latest News Prequalification

DecisioningIT Joins CDK Global Partner Program

Montreal, Qc – December 6, 2021 – DecisioningIT, the corporation behind the Lucy F&I Platform announced today that it has become a participant in the CDK Global Partner Program. As a member of one of the largest third-party partner programs...

December 6, 2021

Experian: Average used financing amount jumps 20% in Q3

Automotive Finance Automotive Lending

Experian: Average used financing amount jumps 20% in Q3

SCHAUMBURG, Ill. – By SubPrime Auto Finance News Staff. Access the Experian State of the Automotive Finance – Q3 2021 presentation here. More evidence of how rising wholesale and retail prices are landing within finance company portfolios arrived on Thursday. According to...

December 2, 2021