Automotive Finance Archives

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

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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