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DecisioningIT Welcomes Industry Veteran Yves Varin as Strategic Advisor

Montreal, February 11, 2025 – DecisioningIT, an innovative fintech specializing in automotive financing, is pleased to announce the appointment of Yves Varin as Strategic Advisor. With over 25 years of experience in the automotive and finance industries, Yves brings invaluable...

February 11, 2025

TransUnion set to acquire remaining portion of UK-based credit prequalification platform

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TransUnion set to acquire remaining portion of UK-based credit prequalification platform

TransUnion is bolstering its portfolio to operate in the credit prequalification market. The company on Wednesday signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform that can empower lenders and banks to deliver highly personalized...

January 8, 2025

The Used-Vehicle Market Shifts Toward Older Inventory

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The Used-Vehicle Market Shifts Toward Older Inventory

The latest Cars Commerce Industry Insights Report for August reveals a notable trend in the used-vehicle market: older cars have taken center stage in driving supply and influencing vehicle values. This shift is a reflection of the lingering effects of...

September 20, 2024

S&P Global Ratings Highlights Historical Patterns in Subprime Auto Loan

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S&P Global Ratings Highlights Historical Patterns in Subprime Auto Loan

In the world of subprime auto finance, history has a way of repeating itself. The latest report from S&P Global Ratings reveals a familiar pattern of rapid growth followed by performance deterioration within subprime auto finance asset-backed securities (ABS). This...

August 27, 2024

Survey: 69% of near and non-prime consumers looking to pay off contract early

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Survey: 69% of near and non-prime consumers looking to pay off contract early

Source: AutoRemarketing – January 29, 2024 – Open Lending Corp. offered a glimpse into some of the insights found through its newest study on vehicle accessibility and automotive financing perceptions among near- and non-prime consumers. The report builds on Open Lending’s...

January 29, 2024

AutoCanada Expands Ownership in Digital Auto Sales, Bolsters Online C2C Finance and Insurance Segment with Major Investment

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AutoCanada Expands Ownership in Digital Auto Sales, Bolsters Online C2C Finance and Insurance Segment with Major Investment

EDMONTON, AB – AutoCanada Inc., a leading Canadian automobile dealership group, recently announced a significant stride in consolidating its digital automotive sales sector. In a landmark move, the company confirmed receiving a $25 million investment from iA Financial Group for...

January 5, 2024

2024 Auto Market Forecast: Navigating Post-Pandemic Economic Swings

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2024 Auto Market Forecast: Navigating Post-Pandemic Economic Swings

As we look back at the aftermath of the 2020 global COVID pandemic, it’s clear the economy and the auto market have experienced extraordinary shifts. Historic appreciation in vehicle values, dramatic drops in supply, and rapid changes in interest rates...

December 18, 2023

Navigating the Shift: SAM’s Tech Revolutionizes Auto Lending in a Tightening Subprime Market

Digital Retailing Latest News

Navigating the Shift: SAM’s Tech Revolutionizes Auto Lending in a Tightening Subprime Market

TransUnion’s recent findings indicate a consistent downturn in the issuance of subprime auto loans, alongside a significant jump in delinquencies, as we move further into 2023. In the latest quarterly report, the trend of diminishing originations was observed across nearly...

November 13, 2023

CarGurus Set to Fully Integrate CarOffer with $75 Million Acquisition Deal

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CarGurus Set to Fully Integrate CarOffer with $75 Million Acquisition Deal

CarGurus, a prominent automotive retail platform, has announced its decision to fully acquire CarOffer, a digital wholesale operation, by purchasing the remaining minority equity interests for $75 million in an all-cash deal. This transaction, expected to close in December, follows...

November 9, 2023

DecisioningIT Unveils Online Finance Application Tool for Instantaneous Lender Matching

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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