Financing Archives

Financial challenges spur car buyer’s remorse, LendingTree, Credit Karma polls find

Owners in $75,000-plus households struggle more with car payments than the average consumer JOHN HUETTER – Automotive News Financial concerns are a key component of a vehicle buyer’s remorse, Credit Karma and LendingTree polling revealed late last year. A November Credit...

February 9, 2022

Andre-Martin Hobbs shortlisted for Top 50 Artificial Intelligence CEOs of 2021

Automated Decisioning Automotive Finance Consumer Credit Digital Retailing F&I Non-Prime Financing Prequalification

Andre-Martin Hobbs shortlisted for Top 50 Artificial Intelligence CEOs of 2021

Technology Innovators – Artificial Intelligence CEOs Edition André-Martin Hobbs has developed cutting-edge technology in the field of automotive marketing for over two decades. A digital entrepreneur and a passionate race driver, André-Martin’s undying love for the automobile industry, coupled with...

December 17, 2021

Stuart back with TD Auto Finance as president & CEO

Automotive Finance

Stuart back with TD Auto Finance as president & CEO

By Auto Fin Journal Staff. CHERRY HILL, N.J. FARMINGTON HILLS, Mich – Andrew Stuart is back in auto financing. TD Bank announced this week that Stuart has returned to his former position as president and chief executive officer of TD Auto...

December 15, 2021

Battle for Auto Loan Customers Shifts from Dealership to Online Pre-Approval, J.D. Power Finds

Uncategorized

Battle for Auto Loan Customers Shifts from Dealership to Online Pre-Approval, J.D. Power Finds

45% of all customers now do research prior to financing a vehicle In an automotive market beset by supply shortages and record high prices, more vehicle shoppers than ever have begun shopping for vehicle financing before ever setting foot in...

December 6, 2021

Digital Retailing

Dealers still stop short of full digital retailing implementation

IRVINE, Calif. – The title of a new report from eLEND Solutions included a question likely being pondered by dealerships and finance companies, “In the Post-Pandemic New Normal, Where Does Digital Retailing End?” The automotive fintech innovator highlighted that digital retailing capabilities...

November 29, 2021

Non-Prime Financing

Axis Launches DriveAxis.ca

November 11, 2021 – Mississauga, Ontario – Axis Auto Finance Inc. (“Axis” or the “Company”) (TSXV: AXIS), a financial technology company changing the way Canadians buy and finance used vehicles, announced today the launch of DriveAxis.ca, a Direct-To-Consumer portal enabling customers...

November 11, 2021

How to improve your car dealership’s online retailing strategy – Lissette Gole, Head of Auto Retail at Google

Digital Retailing F&I

How to improve your car dealership’s online retailing strategy – Lissette Gole, Head of Auto Retail at Google

Andre-Martin Hobbs, Partner at DecisioningIT: In this video segment, Lissette Gole tells us that a lot of shoppers move fully online: In 2018, 1% of vehicles were sold completely through online retailing. In 2020, that number increased to 10%. I...

November 4, 2021

Stellantis completes First Investors acquisition

Automotive Finance

Stellantis completes First Investors acquisition

AMSTERDAM (AutoRemarqueting)- First Investors Financial Services Group now officially is a captive finance company. Stellantis announced late on Monday that it completed the acquisition of the company that previously specialized in subprime auto financing. As a result of the transaction first revealed on...

November 2, 2021

Consider credit ‘soft pulls’ at start of sales process

Automotive Finance Car Dealerships Consumer Credit Credit Approvals F&I Non-Prime Financing Prequalification

Consider credit ‘soft pulls’ at start of sales process

JOHN HUETTER – Reporter covering the finance-and-insurance business and auto retailing for Automotive News Performing a soft pull on a customer’s credit at the start of the buying process can improve sales and reduce awkward conversations in the F&I office, according...

October 21, 2021

Creating a superior experience through customized financing technology

Automotive Finance

Creating a superior experience through customized financing technology

BURNABY, British Columbia – (AutoRemarketing) Just like customers test-drive numerous cars before finding the best deal for the perfect make, model, features, and color, automotive dealers need to be discerning about their technology partners. The loan origination process is a perfect example....

October 13, 2021