Car Dealerships Archives

DecisioningIT Unveils Online Finance Application Tool for Instantaneous Lender Matching

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

High interest rates may lead to hard conversations with customers

Car Dealerships

High interest rates may lead to hard conversations with customers

In a recent interview with Automotive News, dealership finance director Justin Gasman offers some tips to help allay a customer’s concerns. This article emphasizes the importance of using periods of downtime in the dealership showroom floor and F&I office to...

February 27, 2023

Kia dealer to pay $1.25 million in deceptive practices settlement

Car Dealerships

Kia dealer to pay $1.25 million in deceptive practices settlement

Dan O’Brien Kia, of Concord, N.H., must pay $1.25 million to the New Hampshire attorney general to resolve allegations of unfair and deceptive practices at the dealership. The settlement requires Dan O’Brien Kia to “comply with a series of strict injunctive...

December 23, 2022

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

Experian Q2 finance data reinforces shift to used vehicles

Car Dealerships Latest News

Experian Q2 finance data reinforces shift to used vehicles

Source: Autoremarketing The newest auto finance data from Experian reinforced the theory that consumers are taking delivery of used vehicles more often because of necessity. As the automotive market continues to face inventory shortages, analysts said consumers are shifting back...

August 29, 2022

The case for starting the finance journey on your website

Automotive Finance Car Dealerships

The case for starting the finance journey on your website

By Drew HardenCARFAX Canada Source: AutoRemarketingCanada You’ve just spent three hours with a customer and when it’s time to run their credit, you learn the bank won’t even loan them a pen. So, you decide to discuss credit up-front with...

August 15, 2022

DecisioningIT Named Among 50 Leading Companies of the Year 2022 by The Silicon Review Magazine

Automated Decisioning Automotive Finance Automotive Lending Car Dealerships Consumer Credit Digital Retailing F&I

DecisioningIT Named Among 50 Leading Companies of the Year 2022 by The Silicon Review Magazine

Achieving a prominent position in the industry gives a company several advantages: pricing power, brand recognition, and a loyal customer base. A business should first aspire to lead its local markets before planning for worldwide industry domination. So what makes...

April 14, 2022

The Lucy F&I Platform is now a Quebec Dealer Association Partner!

Car Dealerships F&I Latest News

The Lucy F&I Platform is now a Quebec Dealer Association Partner!

Montreal, February 2, 2022 – We are pleased to announce a new collaboration between the Quebec Dealer Association – CCAQ and Lucy, the artificial intelligence-powered F&I assistant! “I am extremely pleased with this collaboration because it demonstrates the legitimacy and...

February 2, 2022

Keyloop acquires leading DMS provider SERTI to offer full service automotive digital solutions across Canada

Car Dealerships Latest News

Keyloop acquires leading DMS provider SERTI to offer full service automotive digital solutions across Canada

1st February 2022. Keyloop, a global automotive retail technology provider, has today announced the acquisition of SERTI, a leading provider of Dealer Management Systems (DMS) in Canada. As its sixth acquisition since launching in March 2021, this marks another step forward in...

February 1, 2022

Car Dealerships F&I

New integration with Activix!

Andre-Martin Hobbs, Partner at DecisioningIT: “I am excited to inform you that Lucy is now two-way connected to the Activix CRM!” Clients of Activix can now transfer customer records from the sales department to the F&I department, where Lucy is...

October 31, 2021