Automotive Finance Archives

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

Following sale close, Exeter expands origination program

Automotive Finance Non-Prime Financing

Following sale close, Exeter expands origination program

By SubPrime Auto Finance News Staff IRVING, Texas – Exeter Finance is closing the year with a pair of notable developments announced on Tuesday. The finance company that specializes in subprime paper said it will extend its underwriting reach into the near-prime...

December 1, 2021

Andre-Martin Hobbs of DecisioningIT Named as a Top 100 Auto Finance Innovator in 2021 Auto Finance Innovators Award

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

Andre-Martin Hobbs of DecisioningIT Named as a Top 100 Auto Finance Innovator in 2021 Auto Finance Innovators Award

November 17, 2021 – DesisioningIT announced today that Andre-Martin Hobbs has been named as a Top 100 Auto Finance Innovator in the 2021 Auto Finance Innovator Awards which recognizes auto finance professionals who have made significant technological contributions to their...

November 17, 2021

Subprime auto loan originations near pre-pandemic levels, TransUnion says

Automotive Finance Automotive Lending Non-Prime Financing

Subprime auto loan originations near pre-pandemic levels, TransUnion says

JOHN HUETTER – AutomotiveNews Subprime auto loan originations have yet to recover to pre-pandemic levels, according to the latest TransUnion data, though an analyst said they’re improving and nearing that point. TransUnion on Wednesday said second-quarter subprime loan originations rose...

November 3, 2021

Stellantis completes First Investors acquisition

Automotive Finance

Stellantis completes First Investors acquisition

AMSTERDAM (AutoRemarqueting)- First Investors Financial Services Group now officially is a captive finance company. Stellantis announced late on Monday that it completed the acquisition of the company that previously specialized in subprime auto financing. As a result of the transaction first revealed on...

November 2, 2021

10 trends in technology will change how you manage fraud in the next 3 years

Automotive Finance

10 trends in technology will change how you manage fraud in the next 3 years

SAN DIEGO (AutoRemarketing) — The future is here. And it’s digital. We are in the middle of a digital transformation — and it’s all being driven by the demand for speed and convenience. Faster decisions, faster funding. And fast money...

October 30, 2021

Newfoundland and Labrador Credit Union Signs Agreement with AFG Canada

Automotive Finance Automotive Lending

Newfoundland and Labrador Credit Union Signs Agreement with AFG Canada

VANCOUVER, October 2021 – AFG Canada announced today that Newfoundland and Labrador Credit Union Ltd (NLCU), a financial institution based in Newfoundland, has signed on to AFG Canada’s Leasing Program. The partnership with NLCU further reinforces AFG’s mission to expand into new markets...

October 26, 2021

Is it time to change how your team handles sales & finance?

Automotive Finance Car Dealerships F&I

Is it time to change how your team handles sales & finance?

By Drew Harden – CARFAX Canada (AutoRemarketingCanada) Today, the typical vehicle buying process means that customers may spend hours building a relationship with a salesperson, only to be handed over to a business manager once they’ve finally worked out a...

October 25, 2021