Latest News Archives

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

Automotive Finance Latest News Non-Prime Financing

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

Latest News

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

Latest News

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

Consumer Credit Latest News

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

Latest News

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

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

DecisioningIT announced as Finalist for the CanadianSME Small Business Awards 2022 for their innovative vehicle financing platform

Latest News

DecisioningIT announced as Finalist for the CanadianSME Small Business Awards 2022 for their innovative vehicle financing platform

DecisioningIT, a leader in vehicle financing technology, is proud to announce that it has become a finalist for the CanadianSME Small Business Awards 2022. The company is changing the way consumers get financed, making it easier for car shoppers to...

April 17, 2023

Reynolds acquires American Guardian Warranty Services

F&I Latest News

Reynolds acquires American Guardian Warranty Services

Source: Auto Remarketing – In a transaction one top executive called a “industry changing,” last week Reynolds and Reynolds announced the acquisition of American Guardian Warranty Services (AGWS), a provider of vehicle service contracts, limited warranties and other F&I products...

February 1, 2023