Getaround & GO partner to roll out carsharing host incentives
Tuesday, Sep. 13, 2022, 02:51 PM
Auto Fin Journal Staff
Incentives might not be as robust now at dealerships to deliver used and new vehicles. But in at least one place, financial incentives are growing in the vehicle subscription market. On Tuesday, Getaround, a digital peer-to-peer carsharing marketplace, announced a ... [Read More]
iLending tops $3B in auto refinancing
Monday, Sep. 12, 2022, 03:57 PM
Auto Fin Journal Staff
This month has included a significant milestone for iLending and its auto refinancing endeavors. After hitting the $1 billion mark in September 2018 and $2 billion last July, iLending recently discovered that it now has surpassed $3 billion in refinanced ... [Read More]
JM&A Group tailors new F&I product for used EVs
Monday, Sep. 12, 2022, 03:56 PM
Auto Fin Journal Staff
Last week, JM&A Group enhanced its F&I product offering with the introduction of EV+ Protect. JM&A Group highlighted EV+ Protect represents an expanded suite of products tailored specifically to meet the nuanced needs of electric vehicle owners, while introducing the ... [Read More]
Inovatec & TruDecision collaborate to boost portfolio performance
Tuesday, Sep. 6, 2022, 05:36 PM
Auto Fin Journal Staff
Inovatec Systems and TruDecision now are working together for clients in both Canada and the United States. The provider cloud-based software solutions for finance companies recently announced it has reached an agreement with the developer of artificial intelligence and machine ... [Read More]
Solera partners with DigniFi for vehicle repair financing
Tuesday, Sep. 6, 2022, 05:31 PM
Auto Fin Journal Staff
Solera Holdings and DigniFi want to ensure customers within a dealership’s service drive have the necessary financial resources to cover vehicle repairs. On Tuesday, the vehicle lifecycle management company announced a strategic partnership with the fintech platform, as Solera will ... [Read More]
Bridgecrest rolls out GoFi to create digital-first platform
Monday, Sep. 5, 2022, 04:02 PM
Auto Fin Journal Staff
Just before Labor Day weekend, Bridgecrest, one of the country’s leading digital financial services providers, announced the launch of its newest affiliate, GoFi, an artificial intelligence-enabled, digital-first financing platform. Leveraging Bridgecrest’s robust auto financing experience, GoFi is focused on offering ... [Read More]
Bank survey: 45% of institutions rely on outdated technology
Wednesday, Aug. 31, 2022, 04:17 PM
Auto Fin Journal Staff
Bank Director’s 2022 Technology Survey, sponsored by CDW, delved into the technology concerns and challenges bank senior executives and board members face, and where they’ve been investing their resources. And survey results showed that competitive pressures continue to alter the ... [Read More]
Point Predictive highlights capability of BorrowerCheck for dealers
Wednesday, Aug. 31, 2022, 04:15 PM
Auto Fin Journal Staff
This week, Point Predictive launched the company’s first solution designed specifically for dealerships. The company that provides artificial intelligence solutions to spot fraud and other issues that might derail auto financing highlighted that BorrowerCheck can enable dealers to recognize consumers ... [Read More]
CarSaver lands relationship with large NY-based credit union
Friday, Aug. 26, 2022, 03:46 PM
Auto Fin Journal Staff
CarSaver made another inroad into the credit union market this week, landing a relationship with one of the largest credit unions in the United States that has $8.8 billion in assets and more than 420,000 members. CarSaver announced the latest ... [Read More]
2 second-quarter leasing data lists compiled by Experian
Friday, Aug. 26, 2022, 03:45 PM
Auto Fin Journal Staff
Likely curtailed by the lack of inventory and escalating prices, Experian reported this week that leasing decreased to 19.65% of new vehicles delivered during the second quarter, down from 27.82% in Q2 of last year. Despite the overall softening, Experian’s ... [Read More]
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