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How our AI Technology Helps Canadian Auto Dealers Reduce Bias

Bias in auto financing arises when sales managers, business managers and even lenders makes sales or loan decisions based on perceptions rather than facts. Such decisions might stem from unconscious prejudices, such as a customer’s perceived reliability or their postal...

October 8, 2023

Westlake Direct Revs Up Digital Car Financing with ‘Buy Now’

Automotive Lending Digital Retailing

Westlake Direct Revs Up Digital Car Financing with ‘Buy Now’

In a progressive move for the automobile financing world, Westlake Technology Holdings is turbocharging its outreach to consumers. The goal? To forge profitable connections for both the finance firm and automotive dealerships. Westlake Direct, a pioneering direct-to-consumer financing pathway birthed...

October 3, 2023

Fraud

95% of Dealers are Not Doing Enough in Their Stores or Online to Prevent Fraud

By Ken Hill, Managing Director, 700Credit – Source: https://digitaldealer.com/latest-news/95-dealers-not-enough-stores-online-prevent-fraud/ Yes, it’s true, more people are shopping and buying cars and trucks online. Research firm Frost and Sullivan forecasts six million cars will be sold online around the world in 2025....

November 5, 2022

Wolters Kluwer: Digital transformation continues even as retail sales slow

Digital Retailing

Wolters Kluwer: Digital transformation continues even as retail sales slow

Source: www.autoremarketing.com/autofinjournal/wolters-kluwer-digital-transformation-continues-even-retail-sales-slow Wolters Kluwer recently announced third quarter results and analysis from its Auto Finance Digital Transformation Index, a key resource that tracks the rate at which auto dealers, service providers and finance companies are seeing growth in the evolution...

November 2, 2022

The case for starting the finance journey on your website

Automotive Finance Car Dealerships

The case for starting the finance journey on your website

By Drew HardenCARFAX Canada Source: AutoRemarketingCanada You’ve just spent three hours with a customer and when it’s time to run their credit, you learn the bank won’t even loan them a pen. So, you decide to discuss credit up-front with...

August 15, 2022

TrueCar acquires Digital Motors to reinforce TrueCar+ marketplace

Digital Retailing Latest News

TrueCar acquires Digital Motors to reinforce TrueCar+ marketplace

Acquisition to help accelerate TrueCar+ product roadmap by expanding e-commerce capabilities SANTA MONICA, Calif., June 6, 2022 /PRNewswire/ — TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced its acquisition of Irvine, California based...

June 7, 2022

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

CarGurus’ New Digital Deal Solution Enables Dealers to Sell More Cars Through Access to Today’s Online Shopper

Digital Retailing

CarGurus’ New Digital Deal Solution Enables Dealers to Sell More Cars Through Access to Today’s Online Shopper

Digital Deal delivers purchase-ready consumers through streamlined online-to-in-store buying experience May 11, 2022 09:00 ET | Source: CarGurus, Inc. CAMBRIDGE, Mass., May 11, 2022 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG) today announced an expansion in its automotive retail offerings with the launch...

May 11, 2022

DecisioningIT named Top 50 Most Innovative Companies to Watch 2022

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

DecisioningIT named Top 50 Most Innovative Companies to Watch 2022

Humans have been thriving on innovation since the dawn of time. Technology innovation was a game changer in human lifestyle, and we haven’t looked back since. With an array of technological solutions for almost every problem, technology began to grow,...

May 1, 2022

AutoFi valuation approaches $700M with SCUSA investment

Automotive Finance Automotive Lending Digital Retailing

AutoFi valuation approaches $700M with SCUSA investment

Fueled in part by an auto finance company that’s been one of its clients since 2018, AutoFi announced on Monday it has closed $85 million in funding valuing the company at nearly $700 million. One of the first Emerging 8 honorees...

March 7, 2022