Automotive Finance Archives

Santander taps AutoFi for new shopping, finance platform

Source: https://www.autonews.com/finance-insurance/santander-taps-autofi-new-shopping-finance-platform Santander Consumer USA, one of the nation’s largest subprime auto lenders, is launching a digital car-shopping and finance platform with AutoFi. The new tool will “streamline and enhance” dealership interactions with the auto finance company, Santander said Tuesday ahead of...

July 29, 2021

June Dealertrack Auto Credit Availability Index improves

Automotive Finance Automotive Lending Consumer Credit

June Dealertrack Auto Credit Availability Index improves

ATLANTA – (source) While consumer confidence might be mixed, Cox Automotive discovered more access to credit last month for potential vehicle buyers who needed it — especially if they had stronger credit backgrounds. According to the newest Dealertrack Auto Credit Availability Index...

July 15, 2021

CEO of DecisioningIT, Rosa Hoffmann, Shares How Dealers are Increasing Sales and Customer Satisfaction

Automated Decisioning Automotive Finance Automotive Lending Car Dealerships Digital Retailing F&I Latest News Non-Prime Financing Prequalification

CEO of DecisioningIT, Rosa Hoffmann, Shares How Dealers are Increasing Sales and Customer Satisfaction

by Sarah Marie June 28, 2021 in Business (New York Weekly) More non-prime consumers are getting behind the wheel now than ever before thanks to DecisioningIT. The fin-tech framework company uses an AI loan-matching platform that allows dealers to match...

June 29, 2021

What is driving the IPO rush in automotive technology? Which auto startup received $2.5B of additional funding?

Automotive Finance Digital Retailing Latest News

What is driving the IPO rush in automotive technology? Which auto startup received $2.5B of additional funding?

By Steve Greenfield, June 2021 (CBT News) – Wall Street’s record-breaking run for stock market flotations shows no signs of slowing down. With more than six months until the year ends, U.S. IPOs have already totaled $171 billion dollars, eclipsing...

June 21, 2021

Opinion: What do Curomax and DecisioningIT have in common?

Automotive Finance Consumer Credit F&I

Opinion: What do Curomax and DecisioningIT have in common?

Curo-who you may ask? A coworker with lots of automotive financing experience, recently told me that if he could, he’d prefer Curomax over Dealertrack in a heartbeat. Apparently, they disrupted automotive financing 20 years ago. 20 years ago I though!...

June 2, 2021

Paul Barnes on JD Power’s 2021 Canada Dealer Financing Satisfaction Study

Automotive Finance Automotive Lending

Paul Barnes on JD Power’s 2021 Canada Dealer Financing Satisfaction Study

To see a non-prime lender like iA Auto Finance near the top of this chart is quite an achievement. In a space where difficult conversations with clients (dealers) are every day events, they’ve managed to maintain a very respectable public opinion. Congratulations...

May 18, 2021

Automotive Finance Digital Retailing

Rosa Hoffmann, DecisioningIT CEO

April 22, 2021 – The Canadian Lender Association (CLA) Auto Fintech Lending panel included our own Rosa Hoffmann but also Ilja Troitschanski from Axis Auto Finance, Tyler Thielmann from Canada Drives, Jason Appel from GoEasy and was moderated Amir Tajkarimi...

April 22, 2021

To help dealers face challenges, LGM reopens online learning platform

Automotive Finance F&I

To help dealers face challenges, LGM reopens online learning platform

Social distancing guidelines are changing daily and are having an impact how dealers do business, said LGM vice president of dealer training, Nathalie Abdallah. She said that when the pandemic ends, that will change how businesses operate permanently. “Getting ahead of...

April 8, 2021

StoneEagle F&I hires St. John as senior vice president of business development

Automotive Finance F&I

StoneEagle F&I hires St. John as senior vice president of business development

On Wednesday, StoneEagle F&I the provider of F&I technology solutions welcomed Joe St. John as senior vice president of business development, bringing more than 20 years of experience across dealership development, management and operations, sales force development and digital transformation. “Joe brings an incredibly...

March 24, 2021

Work-life balance in F&I: It’s easier than you think

Automotive Finance HR

Work-life balance in F&I: It’s easier than you think

Saturday morning post: Work-Life balance? In a dealership? Not a chance… F&I managers often have the distinction of being the first to show up and the last to leave. If there is a potential buyer with a pulse, there could...

March 20, 2021