Latest News Archives

The entrepreneurs behind Dealer.com discuss their latest startup venture

This CBT original series (Founder Focus with Steve Greenfield, founder of Automotive Ventures) dives into the inside stories behind some of the most impressive entrepreneurial journeys. In this segment, Greenfield sits down with the Co-founders of Fluency, Inc., a digital advertising automation platform...

August 29, 2021

Waning customer interest in cars swells loan size, payments for trucks

Automotive Finance Consumer Credit Latest News

Waning customer interest in cars swells loan size, payments for trucks

JOHN HUETTER – Automotive News Customers’ increasing preference for crossovers and SUVs means they’re making higher monthly payments and borrowing a few thousand dollars more to buy their vehicles, Experian said this month. Melinda Zabritski, Experian’s senior director of automotive financial...

August 24, 2021

Carlala – A Canadian Carvana inspired competitor to CanadaDrives

Digital Retailing Latest News

Carlala – A Canadian Carvana inspired competitor to CanadaDrives

AutoRemarketing – The Canadian online vehicle retailing space will have another participant by the end of the year. And it’s inspired by one of the well-known operations from the United States. Last week, TEDA International Auto Group — a multinational,...

August 20, 2021

DecisioningIT leader Hobbs recognized for financing platform

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

DecisioningIT leader Hobbs recognized for financing platform

Many consumers are locked out when it comes to being able to buy the vehicle they need. But thanks to a program developed by André-Martin Hobbs, they’re able to connect with dealerships to find the financing they need MONTREAL, Aug. 18,...

August 18, 2021

CarGurus launches platform for dealers to buy used cars online from consumers

Digital Retailing Latest News

CarGurus launches platform for dealers to buy used cars online from consumers

By Joe Overby – Senior Editor, AutoRemarketing When CarGurus purchased a majority stake in CarOffer this winter, one of the benefits to the deal was that it could give CarGurus dealer partners another digital avenue to source used inventory. That capability...

July 30, 2021

F&I profits soar at largest U.S. dealership groups

F&I revenue per vehicle and overall F&I revenue rose for most of the 150 largest dealership groups in the U.S. in 2020, according to an Automotive News survey. Source: https://www.autonews.com/finance-insurance/fi-profits-soar-largest-us-dealership-groups The nation’s public and private dealerships with the highest average...

July 21, 2021

Honda cracks down: No more returning leased cars to others’ lots

Car Dealerships Latest News

Honda cracks down: No more returning leased cars to others’ lots

The automaker will require drivers with expiring leases to return their vehicles to authorized Honda and Acura dealers and refuse to accept buyouts from unaffiliated dealers or others. July 09, 2021 06:42 AM – Bloomberg Honda Motor Co. has a rude...

July 14, 2021

Digital Retailing Latest News

And consolidation goes on

There have been two announcements today, PureCars announced its acquisition of truPayments, LLC and XLerate Group has purchased Liquid Motors, Inc. Roadster was purchased by CDK Global less than a month ago. I believe we will see a slew of similar announcements in the next 18 to 24 months. By...

July 12, 2021

Auto finance influencers discuss future of fintech – 1 of 5 – with Michael Jarman

Digital Retailing Latest News

Auto finance influencers discuss future of fintech – 1 of 5 – with Michael Jarman

Source: Auto Fin Journal CARY, N.C. — Auto Fin Journal reached out to a variety of companies for a recent project dubbed, Auto Finance Influencers: Leading Innovation for the Industry. Five industry leaders from Ally Financial, Exeter Finance, GM Financial, TurboPass, and...

July 12, 2021

Consumer Credit Latest News

Fintech revolution in Pakistan

The silver lining that came with the Corona pandemic was the rapid move towards digitalization in different sectors of the economy that had previously been moving at a tortoise pace! Financial inclusion of the rural areas is, in particular, crucial...

July 5, 2021