eContracting Archives

The 5 Deficits of Legacy Auto Finance Technology — And How DecisioningIT Helps You Overcome Them

The 5 Deficits of Legacy Auto Finance Technology — And How DecisioningIT Helps You Overcome Them

In a rapidly evolving automotive finance landscape, clinging to outdated systems isn’t just inefficient — it’s a direct roadblock to growth. Rising vehicle prices, the shift toward electric vehicles (EVs), and consumer demand for flexible leasing models are reshaping how...

April 10, 2025

eContracting

Car shoppers, dealers, lenders saw e-contracting boom in 2021

9 million out of 28 million auto finance transactions involved electronic paperwork, Wolters Kluwer finds Source: AutoNews – A third of all new and used auto financing deals last year involved an electronic contract, a figure reflecting a significant increase...

June 1, 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

4,500 vehicles sold online: Similar front-end and F&I profits

Digital Retailing eContracting F&I

4,500 vehicles sold online: Similar front-end and F&I profits

Asbury’s Clicklane digital retailing platform shines in Q2 (www.autonews.com) Asbury Automotive Group said the first full quarter with its new digital retailing platform Clicklane saw online car buyers overwhelmingly approved for financing — often instantly. Clicklane customers also put far...

August 19, 2021

Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles

Automated Decisioning Car Dealerships Digital Retailing eContracting F&I Marketing

Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles

Digital Platform Enables Consumers to Transact 100% Online BLOOMFIELD HILLS, Mich. and ATLANTA, July 22, 2021 /PRNewswire/ — Penske Automotive Group, Inc., (NYSE:PAG) and Cox Automotive, Inc. (“CAI”), announced today they have jointly developed a transformational, fully automated technology platform to enable the online...

July 22, 2021

Partnership with Roadster allows TrueCar users to finalize their deal online

Automated Decisioning Digital Retailing eContracting F&I Prequalification

Partnership with Roadster allows TrueCar users to finalize their deal online

TrueCar president and chief executive officer Mike Darrow said that through the pilot program, TrueCar consumers at select dealerships will be able to build real car deals digitally. That includes finance terms. TrueCar said the enhancement addresses what it describes as pain...

May 10, 2021

What does Volvo’s direct-to-consumer sales strategy mean for car dealers – Don Hall, VADA

Car Dealerships Digital Retailing eContracting Latest News

What does Volvo’s direct-to-consumer sales strategy mean for car dealers – Don Hall, VADA

Electric vehicles sales will be moving solely online by the year 2030. Don Hall, President & CEO of the Virginia Automobile Dealers begins the conversation by discussing the issues related to manufacturers selling directly to consumers. The main issue is that...

May 4, 2021

Hyundai Capital America now available for eContracting via RouteOne

Automated Decisioning Digital Retailing eContracting

Hyundai Capital America now available for eContracting via RouteOne

Well done! Hyundai Capital America now available for eContracting via RouteOne “RouteOne is pleased to bring Hyundai, Kia, and Genesis brands the ease and convenience of eContracting with Hyundai Capital America through the RouteOne portal,” RouteOne senior vice president of...

January 28, 2021