Automotive Lending Archives

The New Rules of Dealer Satisfaction: Tech, Trust, and Timely Solutions

In today’s challenging automotive financing landscape, Canadian auto lenders must go beyond merely meeting dealer expectations to thrive. This insight stems from the J.D. Power 2025 Canada Dealer Financing Satisfaction Study, which analyzed 5,974 finance provider evaluations from new-vehicle dealerships...

May 13, 2025

Exploring Trends in Automotive Finance – Leasing and Cash Purchases Surge Amid Affordability Concerns

Automotive Finance Automotive Lending Consumer Credit

Exploring Trends in Automotive Finance – Leasing and Cash Purchases Surge Amid Affordability Concerns

As the automotive market undergoes major shifts, affordability remains a critical challenge for consumers. However, recent trends in leasing and cash transactions suggest that some alternatives are helping to ease financial pressures. In a recent episode of CBT Now, Melinda...

October 25, 2024

Hyundai Capital and Other Lenders Embrace Automation in Credit Decisions

Artificial Intelligence Automotive Finance Automotive Lending

Hyundai Capital and Other Lenders Embrace Automation in Credit Decisions

Nashville, TN – At the Auto Finance Summit East, leaders from Hyundai Capital America and other auto lenders highlighted significant strides in automating credit decisions, resulting in quicker responses for dealerships and their customers. Marcelo Brutti, CEO of Hyundai Capital...

May 29, 2024

Auto Credit Trends and Pricing Insights: Navigating the New Vehicle Market

Automotive Lending Consumer Credit

Auto Credit Trends and Pricing Insights: Navigating the New Vehicle Market

In a recent update, Cox Automotive shared insights on new vehicle prices and the state of auto credit availability for October, as measured by the Dealertrack Auto Credit Availability Index. October saw a continuation of the trend that began in...

November 23, 2023

Westlake Direct Revs Up Digital Car Financing with ‘Buy Now’

Automotive Lending Digital Retailing

Westlake Direct Revs Up Digital Car Financing with ‘Buy Now’

In a progressive move for the automobile financing world, Westlake Technology Holdings is turbocharging its outreach to consumers. The goal? To forge profitable connections for both the finance firm and automotive dealerships. Westlake Direct, a pioneering direct-to-consumer financing pathway birthed...

October 3, 2023

Transunion’s Q2 2023 report: Canadians are sinking deeper into debt

Automotive Finance Automotive Lending Consumer Credit

Transunion’s Q2 2023 report: Canadians are sinking deeper into debt

As living costs skyrocket, Transunion’s Q2 2023 report uncovers a disturbing trend: Canadians are sinking deeper into debt. From soaring auto-loan balances to increased credit dependency and alarming delinquency rates among Gen Z, the nation’s financial resilience is at stake....

September 1, 2023

Dealer interest in subprime finance grows in Canada

Automotive Finance Automotive Lending Consumer Credit Credit Approvals Non-Prime Financing

Dealer interest in subprime finance grows in Canada

By Sarah Rubenoff, Correspondent at AutoRemarketing Canada. Source: https://www.autoremarketing.com/arcanada/dealer-interest-in-subprime-finance-grows-in-canada There is a bit of a learning curve in the world of subprime auto finance, but more dealers, franchised and independent, are entering the business and implementing subprime in an effort...

June 6, 2023

DecisioningIT Unveils Online Finance Application Tool for Instantaneous Lender Matching

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

DecisioningIT Unveils Online Finance Application Tool for Instantaneous Lender Matching

Source: Yahoo Finance TORONTO, May 29, 2023 /CNW/ – DecisioningIT, a leading technology company specializing in innovative financial solutions, proudly announces the launch of its cutting-edge online finance tool, revolutionizing the automotive lending industry. This groundbreaking tool utilizes advanced decisioning algorithms and...

May 29, 2023

J.D. Power: Perception of lender matters in auto finance

Automotive Lending Car Dealerships

J.D. Power: Perception of lender matters in auto finance

Nearly half of customers research vehicle financing prior to executing the loan or lease at a dealership, which means customers’ satisfaction with an individual lender matters, said Patrick Roosenberg, director of automotive finance intelligence at J.D. Power. Source: AutomotiveNews. With...

November 30, 2022

Q3 closes with improved credit availability

Automotive Finance Automotive Lending Consumer Credit

Q3 closes with improved credit availability

Chart courtesy of Cox Automotive. By SubPrime Auto Finance News Staff Sales might have softened in September, but Cox Automotive indicated credit for auto financing improved as the third quarter closed. According to the newest Dealertrack Credit Availability Index released...

October 17, 2022